Major Tax Changes: The 2025 One Big Beautiful Bill (OBBB)
Darrow Wealth Management
JULY 24, 2025
Alternative Minimum Tax (AMT) The OBBB made the current AMT exemptions permanent while reducing the income phaseout limits to 2018 levels. 2026 Changes: Thresholds will reduce to 2018 levels: $500,000 for single and $1,000,000 for joint filers, indexed for inflation annually.
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