Now that the BBB has officially been signed into law, what does it mean for you?
How much will you save in taxes?
Here’s a quick summary:
-
Nearly 85% of households will receive a net tax cut starting in 2026.
-
The 2017 tax cuts are made permanent, preventing automatic increases that were scheduled for 2026.
-
Tipped workers can now deduct up to $25,000 in reported tips from taxable income through 2028.
-
Overtime pay deductions are expanded—up to $12,500 per person or $25,000 per couple.
-
The cap on State and Local Tax (SALT)
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!