Tax Reform Navigating Tax Reform: One Big Beautiful Bill Tax Changes Read the Article Open Share Drawer Share this: Click to share on Facebook (Opens in new window) Facebook Click to share on X (Opens in new window) X Click to share on LinkedIn (Opens in new window) LinkedIn Click to share on Pinterest (Opens in new window) Pinterest Click to print (Opens in new window) Print Written by TurboTaxBlogTeam Published Jul 3, 2025 - [Updated Jul 16, 2025] 1 min read Reviewed by Lisa Greene-Lewis, CPA and tax expert for TurboTax What exactly has changed with the new tax bill referred to as the One Big Beautiful Bill? The bill passed into law effective for tax year 2025 contains significant tax updates: It permanently extends the Tax Cuts and Jobs Act (TCJA), increases the SALT deduction cap, makes cuts to energy credits, and changes how tips and overtime are taxed for some workers. Our infographic provides a visual snapshot of these changes to get ahead of your tax filing and financial plans. Want to see how these changes impact your taxes? Take the next step with our Tax Reform Calculator to estimate your potential tax savings and get a personalized understanding of the new tax law. TurboTax is here to help you navigate the new tax law changes and maximize your refund. We’ve got you covered, whether you want to do your taxes yourself or have a TurboTax Live expert do them for you. Previous Post See How Tax Changes Impact You with the Tax Reform… Written by TurboTaxBlogTeam More from TurboTaxBlogTeam