What the new tax law could mean for you

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What the new tax law could mean for you

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July 20, 2025 , , , , , ,

One Big Beautiful Bill

As 2025 began, individual taxpayers faced uncertainty with several key provisions of the tax law that were set to expire at the end of the year. That changed on July 4, when President Trump signed the One, Big, Beautiful Bill Act (OBBBA) into law. The OBBBA not only makes many TCJA provisions permanent but also introduces several new benefits — although some other tax breaks have been removed. Below is a summary of eight areas with changes that may impact you and your family.

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Tax breaks in 2025 and how The One, Big, Beautiful Bill could change them

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June 10, 2025 , , ,

tax breaks 2025

The U.S. House of Representatives passed The One, Big, Beautiful Bill Act on May 22, 2025, introducing possible significant changes to individual tax provisions. While the bill is now being considered by the Senate, it’s important to understand how the proposals could alter key tax breaks.

Curious about how the bill might affect you? Here are seven current tax provisions and how they could change under the bill.
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Key 2024 inflation-adjusted tax amounts for individuals

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November 21, 2023 , , ,

2024 tax adjustments

The IRS recently announced various 2024 inflation-adjusted federal tax amounts that affect individual taxpayers.

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