Tax Law Update: What Just Became Permanent?

Whether you love it or side-eye it 👀 — the One Big Beautiful Bill Act just locked in a major tax change:

📌 The Trump-era tax cuts (aka TCJA) are now permanent.

That means the standard deduction and current tax brackets aren’t going anywhere — unless another law reverses it.

Here’s what that means for the average taxpayer:

✅ Larger standard deductions are here to stay (e.g., ~$13,850 for singles, ~$27,700 for married couples)

✅ You’re less likely to need to itemize

✅ Lower tax rates continue — for now

But also:

❗ These changes mostly benefit middle to upper earners

❗ Deductions don’t automatically mean bigger refunds

❗ Some credits and benefits from earlier bills weren’t extended

🧠 My goal isn’t to hype this up — just to help you understand what’s changed, what it means, and how to plan ahead.

#TaxUpdate #TaxEducation #OneBigBeautifulBill #TCJA #TaxFacts #SunflowerBusinessSolutions #KnowBeforeYouFile