What exactly is in the new tax bill referred to as the One Big Beautiful Bill? The bill, which is set to become law and is effective for Tax Year 2025, contains significant tax changes: It permanently extends the Tax Cuts and Job Act (TCJA), increases the SALT deduction cap, makes cuts to energy credits, and introduces changes to taxes on tips and overtime for certain workers. So what does this mean for you? Check out our blog to get a snapshot of these changes and get ahead of your tax filing and financial plans." |
