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We also provide incorporation and various registration services such as GST registration, Private Limited Company, Limited Liability Partnership etc. We are also providing income tax return filing services to Non Resident Indians. You can like this page to remain updated regarding tax and other related matters.
Key Changes Introduced – Big Beautiful Act (USA) 🇺🇸
✔️ Tax Changes Explained
• Extended & Expanded Tax Cuts
Continued the lower income tax rates introduced under earlier tax laws, helping individuals keep more take-home income.
• Higher Standard Deduction
Standard deduction amounts were increased and made permanent with inflation indexing, reducing taxable income for most taxpayers without needing itemised deductions.
• Increased SALT Deduction Cap
The deduction limit for State and Local Taxes (SALT) was temporarily raised from $10,000 to $40,000, offering major relief to taxpayers in high-tax states.
• Enhanced Child Tax Credit
The Child Tax Credit is increased to approximately $2,200 per child, with automatic inflation adjustments to protect its value over time.
• New Deductions for Workers
Introduced tax deductions ON tips and overtime income (up to prescribed limits), directly benefiting service workers and hourly employees.
• Business Tax Benefits Continued
Key business tax breaks, such as accelerated depreciation and certain deductions, were preserved or extended to encourage investment and job creation.
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