The world of tax law can be complex, but a new bill signed in July 2025 has brought some important changes you’ll want to know about. You may have heard it called the “One Big Beautiful Bill Act,” and it’s a potential game-changer for individuals, families, and businesses alike.

At Vernon Management Group, we believe in proactive financial planning. Here’s a straightforward breakdown of what this new legislation means for you and why now is the perfect time to review your financial plan.

The Big Picture: What’s Permanent and What’s New?

This bill makes many of the popular tax cuts from the 2017 Tax Cuts and Jobs Act permanent. For many taxpayers, this is a huge win, as the lower income tax brackets you’re used to are here to stay. However, the bill also introduces some new rules that could change how you plan for the future.

The changes in this bill prove that staying on top of tax policy is a critical part of financial planning. It’s not just about what you earn; it’s about what you keep.

At Vernon Management Group, we specialize in helping our clients in Short Pump and the greater Richmond area understand these new rules. We’ll analyze your unique situation and create a proactive plan that ensures you’re making the most of every opportunity.

Ready to see how the new tax law affects your finances?

Schedule a complimentary consultation with our team


Disclaimer: This content is for informational and educational purposes only and does not constitute financial, legal, or tax advice. The information provided is general in nature and is not intended to be a substitute for professional advice tailored to your specific financial situation. All investing involves risk, including the potential for loss of principal. Past performance is not indicative of future results. Vernon Management Group, a registered investment advisor, provides this information with the understanding that you will consult with a qualified professional before making any financial decisions. We are not responsible for any actions taken based on the information contained in these blog posts. Contact us today for a personalized consultation to discuss your specific financial needs.