Get up to speed with the Top Ten OBBBA Provisions for Individual Taxpayers with our downloadable summary, a concise guide to major changes that could impact your 2025–2028 tax planning. The bill introduces a new personal exemption deduction of up to $6,000 for taxpayers age 65+ (with income phaseouts), temporarily raises the state and local tax (SALT) deduction cap to $40,000 through 2029, and expands tax breaks like additional deductions for tips, overtime pay, and qualified car loan interest. It also enhances the Child Tax Credit to $2,200 starting in 2025, restores generous disaster relief rules, and allows charitable deductions for non-itemizers. Plus, changes to the Alternative Minimum Tax (AMT) and other phase-outs under OBBBA make this a must-review resource for individual tax planning.
To learn more download our Top Ten OBBBA Provisions for Individual Taxpayers Guide.
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