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Tax breaks in 2025 and how The One, Big Beautiful Bill could change them - WCS - Tax Accountant in Alexandria VA
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Tax breaks in 2025 and how The One, Big Beautiful Bill could change them - WCS - Tax Accountant in Alexandria VA
The U.S. House of Representatives passed The One, Big, Beautiful Bill Act on May 22, 2025, introducing possible significant changes to individual tax provisions. While the bill is now being considered by the Senate, it’s important to understand how the proposals could alter key tax breaks. Curious about how the bill might affect you? Here are seven current tax provisions and how they could change under the bill. 1. Standard deduction The Tax Cut…
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