Attending · Tax Essentials
Separate enacted law from proposals
2 min read
Financial headlines mix laws with proposals. Confirm what was enacted before changing a retirement, loan, or tax decision.
ENACTED
The One Big Beautiful Bill Act, Public Law 119-21, was signed July 4, 2025. It made the TCJA rate structure permanent, increased the standard deduction, made §127 student-loan assistance permanent, and changed federal student lending.
NOT ENACTED AS OF SEP 28, 2026
- Retirement Rollover Flexibility Act: would permit Roth IRA to employer Roth-account rollovers.
- Wyden/Neal proposal: would limit retirement tax benefits for accounts above $10 million and restrict contributions for earners above $400,000 with large balances.
- OPTIONS Act: would let employers direct flexible-benefit dollars toward retirement, HSA, or student-loan benefits.
- Build Back Better-era Roth conversion restrictions: were never enacted.
Your next steps
- Label proposals as pending in every lesson.
- Do not change a tax move based on a proposal alone.
- Recheck status before any future content update.
Check your understanding
Select each question to reveal the answer.
✓ Yes. It was signed July 4, 2025.
✓ No. It remains a proposal.
✓ No.
✓ No. Recheck its status and act on enacted law.
Planning questions
- Which part of your financial plan depends on a rule that may change?
- What authoritative source will you check before acting on a legislative headline?