The One Big Beautiful Bill Act (OBBBA) made the 2017 Tax Cuts and Jobs Act (TCJA) provisions permanent. Without OBBBA, the TCJA would have expired after 2025, reverting tax rates to higher pre-2018 levels. The OBBBA keeps the lower 10/12/22/24/32/35/37% bracket structure, nearly doubled standard deduction ($16,100 single / $32,200 married), and $2,000 child tax credit.
- TCJA provisions made permanent — no expiration date
- Standard deduction: $16,100 single / $32,200 married (nearly doubled from pre-2018)
- Tax bracket rates: 10/12/22/24/32/35/37% (lower than pre-TCJA rates)
- Child tax credit: $2,000 per child (up from $1,000 pre-TCJA)
- Without OBBBA, 62% of taxpayers would have faced a tax increase starting 2026