Tips on Taxes, Payroll, and Accounting

Here are some individual tax changes. 08/25/25
August 24, 2025

There are many changes for individual taxation that have been made. I want to list some of the most important changes that have been made. Since there are so many, I will tackle a few at a time.
Tax Rates: The One Big Beautiful Bill Act (OBBBA) was signed into law on July 4, 2025. There were many provisions that were changed pertaining to individual taxes.

The new law permanently extends the current tax rates of 10%, 12%, 22%, 24%, 32%, 35%, and 37%. The current rates for estates and trusts were also permanently extended. Each tax bracket is adjusted for inflation.