Democrats in the news

Not according to this article. What kind of tax breaks are you talking about?
  • Increased standard deduction: The bill permanently retains the larger standard deduction from the TCJA and further increases the amounts for 2025 and 2026. For 2026, the standard deduction is set at $32,200 for married couples filing jointly and $16,100 for single filers.
  • Higher child tax credit: The OBBB increases the maximum child tax credit to $2,200 per child in 2025, which will be indexed for inflation in 2026 and beyond. This credit is also now permanent.
  • Enhanced child and dependent care credit: The credit rate for qualifying childcare expenses is permanently increased from 35% to 50%.
 
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