01/07/2026
🇺🇸✨New Tax Law Update You Should Know About ✨🇺🇸
The One Big Beautiful Bill Act, signed into law on July 4, 2025, brings several tax changes that could help you keep more of your hard-earned money 💵
Here’s a quick breakdown ⬇️
📈 Inflation adjustments
Tax brackets and standard deductions increase with inflation, helping protect your income from rising costs.
👵👴 Bigger deduction for seniors
Taxpayers 65+ may qualify for an additional deduction, on top of the standard deduction (income limits apply).
💵 No tax on tips
If you earn tips, qualifying tip income may not be taxed at the federal level.
⏰ No tax on overtime
Overtime pay may be excluded from federal taxes for eligible workers.
🚗 Car loan interest deduction
Interest paid on qualifying vehicle loans may be deductible (rules and limits apply).
These changes can make a big difference, but everyone’s situation is different. Let us help you understand how this applies to you and your family.
📞 Crown Tax Service
Brenda: 252-343-1490
Jennifer: 252-253-9847
📍 Appointments available
📲 Message us to get started