Here's When Each Part of Trump's 'Big, Beautiful Bill' Takes Effect
Snippet of Article: "...The One Big Beautiful Bill Act, the centerpiece of President Donald Trump's domestic agenda, makes the 2017 tax cuts permanent, expands certain tax credits and deductions, and creates tax breaks on tips and overtime. It also boosts defense and border wall funding. ...The legislation makes Trump's 2017 tax policies permanent, including lower rates, reformed brackets and higher alternative minimum tax exemptions.
It also includes a one-time, permanent boost of $750 ($1,500 for couples) to the standard deduction, beginning for taxes payable for 2025.
A host of other policies are set to begin as early as the 2026 tax season, such as new deductions for tipped and overtime income for relevant workers and a new extra deduction for taxpayers aged over 65."
Source: www.newsweek.com