The One Big Beautiful Bill Act Changed Tax Strategy. Here's How.
Critical Tax Legislation Information Inside
Extended Tax Rates Through 2030
Current tax rates of 12%, 22%, 24%, 32%, and 37% remain in place, preventing automatic increases that were scheduled for 2026.
New SALT Deduction Limits
State and Local Tax deductions increase to $40,000 in 2025, growing 1% annually through 2030 before reverting to $10,000.
Bonus Deductions for Seniors
Americans 65 and older receive a $6,000 bonus deduction starting in 2025, available on top of the standard deduction.