It may seem obvious to folks like you, but not everyone knows
what’s on the line next year. Most may not even know taxes are
changing.
 ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 


[1]
-------------------------

Friend,

It may seem obvious to folks like you, but not everyone knows what’s
on the line next year. Most may not even know taxes are changing.

The One Big Beautiful Bill Act (OBBBA) included seven major tax cuts
that took effect for 2025:

* Maximum child tax credit increase of $200
* Standard deduction increase of $750 for single filers and $1,500
for joint filers
* State and local tax (SALT) deduction cap increase to $40,000 for
taxpayers earning under $500,000
* New $6,000 additional deduction for seniors that starts phasing
out when taxpayers make more than $75,000 ($150,000 joint)
* New $10,000 auto loan interest deduction that starts phasing out
when taxpayers make more than $100,000 ($200,000 joint)
* New deduction for up to $25,000 in tip income that starts phasing
out when taxpayers earn more than $150,000 ($300,000 joint)
* New deduction for up to $12,500 in overtime income ($25,000 for
joint filers) that starts phasing out when taxpayers earn more than
$150,000 ($300,000 joint)

TAX FOUNDATION ESTIMATES THAT, ALTOGETHER, THESE SEVEN PROVISIONS CUT
INDIVIDUAL INCOME TAXES BY $129 BILLION IN 2025. 

However, the OBBBA added significantly to the federal deficit, which
was already on an unsustainable path. The insolvency of major
entitlements like Social Security and Medicare is just a few years
away. 

If you are wondering what this means for taxpayers in 2026, don’t
worry, you’re not alone.

TAX FOUNDATION IS DEDICATED TO HELPING TAXPAYERS UNDERSTAND EXACTLY
WHAT IS HAPPENING IN THE WORLD OF TAX POLICY AND HOW IT AFFECTS THEIR
DAILY LIVES.

I’m Daniel Bunn, President and CEO of Tax Foundation. Since 1937,
our principled research, insightful analysis, and engaged experts have
informed taxpayers and lawmakers about smarter tax policy in the US.

But to bring you the latest research, data, educational resources, and
tax modeling you need to make informed decisions, Tax Foundation needs
all the support it can get.

You can help Tax Foundation elevate the debate, enable deeper
understanding, and achieve better, more principled tax policy by
donating today. [2]
 

Donate [3]

Our work doesn’t just inform taxpayers; it also provides lawmakers
with ideas and justifications for the historically strong policies
enacted in 2025, like the OBBBA, which included policies we’ve been
educating lawmakers on for years.

Every day, our team of trusted experts continuously analyzes the
day’s most relevant tax policy topics. They are routinely relied
upon for presentations, testimony, and media appearances on tax issues
spanning every level of government.

_AND WHEN WE HAVE TO, WE ARE ABLE TO HELP LAWMAKERS STAND ON THEIR
PRINCIPLES IN THE FACE OF MISGUIDED PROPOSALS._

Tax Foundation’s job is to ensure solutions remain principled and
pro-growth.

But we need your support to keep our foot on the pedal.

YOUR SUPPORT WILL HELP US EDUCATE POLICYMAKERS AND THE PUBLIC ON TAX
POLICIES THAT LEAD TO GREATER ECONOMIC GROWTH AND OPPORTUNITY. CLICK
BELOW TO DONATE TODAY. 

Donate $35 [4]

Donate $100 [5]

Donate $250 [6]

Donate Any Amount [7]

Thank you, 

[Daniel Bunn]
Daniel Bunn
President and CEO
Tax Foundation

P.S. Tax Foundation is known for its research, data, tax models, and
educational resources that make tax policy easy to understand, whether
you’re a layman or a lawmaker. 

In 2025 alone: 

* Our experts had 96 meetings with US legislators and testified or
presented to state lawmakers in 33 states.
* Journalists cited our work in over 68,000 stories.
* Over 15.4 million taxpayers visited our website.
* 411,000 people listened to our podcast.

When you invest in our work, you are supporting principled,
data-driven analysis that makes a real difference for anyone who wants
to boost their tax knowledge.

Will you please make a tax-deductible donation today to support our
fact-driven work? [8]
 

Donate [9]

 

_Tax Foundation is a 501(c)(3) nonprofit educational
organization. Any donations made to Tax Foundation are
tax-deductible to the full extent allowable by law._

You received this email because you subscribed to our list. You can
unsubscribe [10] at any time. 

9600 Two Notch Rd
Columbia, SC 29223
USA 

Powered by EmailOctopus [11]



Links:
------
[1] [link removed]
[2] [link removed]
[3] [link removed]
[4] [link removed]
[5] [link removed]
[6] [link removed]
[7] [link removed]
[8] [link removed]
[9] [link removed]
[10] [link removed]
[11] [link removed]