Major Tax Changes: The 2025 One Big Beautiful Bill (OBBB)
Darrow Wealth Management
JULY 24, 2025
Both the SALT cap and the income phaseout ranges will increase by 1% annually for 2026-2029 before reverting to $10,000 in 2030. The new law also adds post-secondary credentialing expenses such as certifications, licenses, exams, continuing education, and other costs. Effective Dates: For years 2025 through 2029.
Let's personalize your content