What taxpayers need to know about Trump’s big bill: Here are the main tax changes

Published on: 07/16/2025

This news was posted by Oregon Today News

Description

Trump's megabill raises the maximum child care tax credit to $2,200 for the current year, adjusts it for inflation going forward, and makes it permanent.

The sprawling budget bill signed into law by President Donald J. Trump on July 4 after it squeaked through Congress has many far-reaching effects for consumers, as well as for the economy at large. Taxes top the list.

News Source : https://www.oregonlive.com/business/2025/07/what-taxpayers-need-to-know-about-trumps-big-bill-here-are-the-main-tax-changes.html

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