#OneBigBeautifulBill

The One Big Beautiful Bill Act is a comprehensive tax and spending bill signed into law by President Donald Trump on July 4, 2025. Here are the key provisions :

- *Tax Cuts*:

- *Permanent Extension of 2017 Tax Cuts*: Individual tax rates are locked in for a decade, with the top tax rate remaining at 37%.

- *Child Tax Credit*: Increased to $2,200 per child, with a $1,000 "Trump Investment Account" for children born between 2024 and 2029.

- *Tipped and Overtime Income*: Tax-free up to $25,000 and $12,500, respectively.