The Child Tax Credit is $2,200 per year for 2025 and will be indexed for inflation going forward.
Loan interest on certain automobiles is now deductible from your federal income taxes!
Extra money paid for working overtime hours may now be exempt from income taxes.
There is now an above-the-line deduction (no itemizing required) for tip income in 2025.
Taxpayers age 65 and over may be able to deduct an extra $6,000 from income! (AGI limits apply.)
The OBBBA made many of the provisions of the TCJA permanent. Many impacting military families.