The One Big Beautiful Bill Act made some items permanent as follows:
Individual tax rates:
10%, 12%, 22%, 24%, 32%, 35%, 37%
Limitation on deduction of qualified residence interest
No personal exemptions
Exclusion from gross income for employer payments of student loans. The $5,250 exclusion amount is indexed for inflation after 2026.
Restores and increases the deduction for charitable contributions of individuals who do not itemize. $1,000 ($2,000 for joint filers). Effective for tax years after December 31, 2025.
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