The new priorities of the federal administration have long-reaching ramifications for taxpayers and federal aid recipients. The new One Big Beautiful Act (OBBBA) that was signed into law on July 4, 2025, includes significant changes for most Americans. In this blog post, I’m going to cover some of the basic tax cuts of the OBBBA, the QCD tax benefit available to retirees, and how these tax cuts and others will give private citizens more control over their community support dollars. Keep in mind that these tax rules apply to federal tax only. You should always consult your tax preparer to determine the impact, if any, on your state taxes.