Courtesy of Thomson Reuters (07/10/25) On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) was signed into law, enacting significant changes to federal tax and payroll law. The Act extends several provisions from the Tax Cuts and Jobs Act (TCJA) and introduces new deductions, credits, and compliance requirements that will affect your payroll operations, employee benefits, and tax reporting obligations. To help you navigate these changes, the following chart summarizes the most relevant payroll-related provisions, including effective dates and Internal Revenue Code (IRC) references. Summary of Key Payroll-Related Provisions Act § IRC § Provision Summary of Δs Effective §70101 §1(j) Extension and enhancement of reduced rates Permanently extends lower individual income tax rate brackets originally enacted under TCJA Taxable years starting after Dec. 31, 2025 §70102 §63(c) Extension and enhancement of increased standard deduction Permanently...