Individual income tax rates and exemptions
- Lower rates enacted by TCJA made permanent.
- Standard deduction increased, indexed for inflation.
- Personal exemptions permanently eliminated.
- Temporary deduction for individuals over age 65 created.
- Miscellaneous itemized deductions permanently eliminated (except for certain educator expenses).
- Benefit of allowable itemized deductions at the 37% marginal bracket limited to 35%.
- Increased AMT exemption made permanent; phaseout thresholds reduced to 2018 levels indexed for inflation going forward.
Selected other individual deductions and credits
- SALT deduction temporarily increased (with phaseout).
- Child tax credit increased.
- Reduced mortgage interest deduction made permanent; mortgage insurance premiums treated as interest.
- Deductions for casualty losses and moving expenses limited.
- Adoption credit made partially refundable.
- Childcare credit increased (with phaseout).
Filantropía
- New deduction created for non-itemizers of up to $1,000 ($2,000 for married filing jointly).
- Floor on charitable deductions is 0.5% of modified AGI.
- Gain deferral by investing in QOF is continued and expanded.
- Floor on corporate charitable deductions is 1%.
Estate and gift tax
Basic exclusion amount increased to $15 million ($30 million for married couples) in 2026; no expiration date; indexed for inflation.
New benefits
- 529 plans can be used to pay certain K though 12 expenses in addition to tuition.
- Tax credit for gifts to scholarship-granting organizations
- Deferred tax savings accounts (Trump Accounts) created for children under age 18.
- Temporary deduction created for qualified tip income up to $25,000 (with phaseout)
- Temporary deduction created for overtime up to $12,500, $25,000 for married filing jointly (with phaseout).
- Temporary deduction created for car loan interest (up to $10,000) on certain loans for certain passenger use vehicles (with phaseout).
Certain credits phased out
| Crédito | Ya no se permiten para |
|---|---|
| Vehículo limpio usado | Vehículos adquiridos después del 30 de septiembre de 2025 |
| Vehículo limpio | Vehículos puestos en servicio después del 30 de septiembre de 2025 |
| Vehículo limpio comercial calificado | Vehículos puestos en servicio después del 30 de septiembre de 2025 |
| Mejora de vivienda eficiente en el uso de energía | Propiedades puestas en servicio después del 31 de diciembre de 2025 |
| Energía limpia residencial | Gastos realizados después del 31 de diciembre de 2025 |
| Nueva vivienda eficiente en el uso de energía | Nueva vivienda eficiente en el uso de energía adquirida después del 30 de junio de 2026 |
Disposiciones seleccionadas para propietarios de empresas
- Qualified business income (QBI) deduction is made permanent and expanded.
- New minimum QBI deduction of $400 created for those with income of at least $1,000 from active trade or business in which they participate.
- Qualified opportunity zone benefits permanently renewed and enhanced.
- Qualified small business stock gain exclusion enhanced and expanded.
- 100% bonus depreciation applies to property acquired and placed in service after 19 de enero de 2025.
- The rules for deducting business interest expense are changed. • Certain qualified production property may receive a 100% depreciation allowance.
- Election for expensing of certain domestic research and experimental expenditures restored, retroactively, for certain businesses.
With careful planning, you may be able to take advantage of or mitigate unfavorable results resulting from the BBB. Su equipo de PNC puede trabajar con sus asesores fiscales, legales y de otra índole para ayudarle a alcanzar sus metas y objetivos financieros, a la luz de estos cambios en la ley. Para obtener más información, comuníquese con cualquier miembro de su equipo de PNC.
