On July 4, 2025, President Trump signed into law the One Big, Beautiful Bill (OBBB). Without this legislation, a large income tax increase would have occurred, since most of the provisions of the Tax Cuts and Jobs Act of 2017 (TCJA) were expiring at the end of 2025.
In the tables below we show the changes in the new law. Click on the provision to bring up an explanation of the changes. You can hover over the bold items in the tables to see a quick overview of the limitations and enhancements of some of the new provisions.
2025 INDIVIDUAL CHANGES
| PROVISION | BEGINS | EXPIRES | LIMITED | ENHANCED |
|---|---|---|---|---|
| TAX BRACKETS | 2025 | N | N | Y |
| STANDARD DEDUCTION | 2025 | N | N | Y |
| SENIOR DEDUCTION | 2025 | 2028 | Y | NEW |
| CHILD CREDIT | 2025 | N | Y | Y |
| “SALT” LIMIT | 2025 | 2029 | Y | Y |
| NO TAX ON TIPS | 2025 | 2028 | Y | NEW |
| NO TAX ON O/T | 2025 | 2028 | Y | NEW |
| NEW CAR INTEREST | 2025 | 2028 | Y | NEW |
| 529 PLAN DISTRIBUTION | 2025 | N | N | Y |