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GOBankingRates
GOBankingRates
Daria Uhlig

4 of These Trump Tax Cuts Are Short-Lived — Here’s How To Maximize Them Before They Expire

Pool/ABACA / Shutterstock

President Donald Trump signed the “One Big Beautiful Bill Act” (OBBBA), a reconciliation bill for fiscal year 2025, into law on July 4. The legislation makes sweeping budget reforms, including tax cuts that permanently increase the child tax credit and expand the standard deduction.

Read More: I Asked ChatGPT What Trump’s ‘Big Beautiful Bill’ Means for Retirees’ Taxes: Here’s What It Said

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