Congress just passed the biggest tax cut bill in years. Here is when people might start to notice the tax changes.
The House passed the final version of the One Big Beautiful Bill Act on Thursday in a 218-214 vote. It was months in the making and came after tedious negotiations among Republicans about how to structure the tax cuts and what provisions to include.
Simply put, taxpayers will be able to benefit from many of the tax changes in 2025, although they might not really notice the changes until they file taxes next year.
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The biggest portion of the One Big Beautiful Bill Act merely makes permanent the current individual tax rates. Those rates were reduced as part of the 2017 Tax Cuts and Jobs
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