2025 Tax Savings: New Deductions & Credits
Update: 2025-11-19
Description
Get Ready for a Bigger Tax Refund: The One Big, Beautiful Bill is set to introduce significant tax deductions and increases for 2025. The standard deduction is rising, and the child tax credit is going up by $200. New no tax laws for tips, overtime, and car loan interest could also benefit some taxpayers. Adjust your withholdings now to boost your spending power, but be aware that the IRS hasnt updated its tables yet. Use the IRS estimator or consult a tax professional for guidance.
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