News
Sunday, July 13, 2025
Understanding New Tax Law Changes
Congress has passed a major reconciliation bill that makes many provisions of the Tax Cuts and Jobs Act (TCJA) permanent and introduces several new tax changes. Whether you're an individual taxpayer or a business owner, here are the key provisions that may impact your tax planning.Top Considerations for Individuals & FamiliesTax Rates Made Permanent: The current individual income tax brackets, including the 37% top rate, are here to stay—no reversion to 39.6% in 2026. State and Local Tax (SALT) Deduction