The "One Big Beautiful Bill" brings major tax relief and expanded support to American families and workers.
Here are the top three ways you could benefit:
Families can now claim up to $3,600 per child under 6 and $3,000 per child ages 6-17, up from $2,000. The credit is fully refundable—even if you owe no tax, you still get the full amount. Advance monthly payments are available, making it easier to manage everyday expenses.
Working Americans without children now get a bigger EITC—up to $1,500 (previously about $540). More workers qualify, including younger people ages 19+ and older Americans with no age cap. This boost puts more money in the pockets of lower- and middle-income earners.
Taxpayers can now deduct up to $10,000 in student loan interest per year, up from just $2,500. This change provides real savings for graduates, parents, and anyone paying down federal student loans, making it easier to manage debt and household budgets.
These expanded credits and deductions can mean thousands of dollars back each year for families, working individuals, and borrowers.
To make the most of these changes:
- Track your income to stay under credit thresholds
- Choose the filing status that offers the biggest benefit
- Keep records of payments and dependents
- Consult a tax professional if your situation is complex
Tax relief is now more accessible than ever. Take a moment to review your status, update your tax planning, and claim the benefits you’ve earned.
