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Some New Tax Changes to Remember for This Year

Some New Tax Changes to Remember for This Year

January 21, 2026
The One Big Beautiful Bill Act extends the 2017 tax cuts, making some rules permanent. The bill also creates several new tax laws for individuals while addressing other tax issues for businesses.
It might be a good time to check with your tax, legal, or accounting professional about the changes in the law. Like previous tax laws, some new rules are scheduled to expire, while others are permanent. Here’s a look at changes expected to impact most tax filers shortly.
Sources:
CNBC.com, July 3, 2025.
Congress.gov, August 21, 2025.

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No photo description available.May be an image of child and text that says 'Child Tax Tax Credit The child tax credit of $2, $2,000 will increase to $2,200. The credit also has a COLA (cost-of-living (cost- adjustment) attached.'

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