Why the OBBBA Matters

The One Big Beautiful Bill Act (OBBBA) isn’t just policy — it’s about real savings, bigger refunds, and easier access to tax benefits. Many credits are refundable, meaning you could get money back even if you don’t owe taxes.

These updates help you:

• Plan smarter
• File more efficiently
• Maximize your refund

Key Individual Tax Changes

• Auto-Loan Interest Deduction (2025–2028): Up to $10,000 interest deduction on new U.S.-built vehicles for eligible incomes.
• Child & Dependent Care Credit (2026–2028): Up to 50% back for lower incomes; max $3,000/$6,000.
• Child Tax Credit: $2,200 per child; refundable up to $1,700.
• Energy & EV Credits: 30% for energy-efficient homes; $7,500 for new EVs, $4,000 for used EVs (timely delivery required).
• No Tax on Overtime & Tips (2025–2028): Half-time overtime deductible; tips up to $25,000 tax-free.
• Non-Itemizer Charitable Deduction (2026+): Deduct $1,000/$2,000 even if taking the standard deduction.
• SALT Deduction: Up to $40,000 (2025–2030).
• Senior Bonus & Standard Deduction: Extra $6,000 (65+); standard deduction permanently higher.
• “Trump Accounts” for Kids (2025–2028): $1,000 starter account plus up to $5,000/year contributions.

Big Breaks for Small Businesses

• 20% Profit Deduction permanently
• 100% Bonus Depreciation for equipment purchased after Jan 20, 2025
• Section 179 Cap: Instant write-off up to $2.5 million

Tips to Maximize Benefits

• Plan early — many benefits start or expire soon
• Track deductions, even if you don’t itemize
• Keep receipts for vehicles, business purchases, and donations
• Consult Diamond Eagle Taxes to claim every eligible credit

Next Steps

The OBBBA changes are here, and the smartest move is to start planning today. A few minutes with a Diamond Eagle Taxes expert can help you organize your finances, take full advantage of all eligible credits, and maximize your refund or reduce what you owe.

There’s so much more you could be saving — don’t leave money on the table!