How the “Big Beautiful Bill” Affects Your Taxes

Market UpdatesMarket Perspective
Written By Ben Hockema

Advisor Ben Hockema breaks down the most important individual tax changes from the “One Big Beautiful Bill Act.” In this quick update, he highlights what you need to know, including:

  • Expanded tax brackets and how they may affect your income

  • Updates to both the standard deduction and itemized deductions

  • Smart charitable giving strategies under the new rules

  • Key updates to the Child Tax Credit, Dependent Care FSA limits, and more

Ben Hockema
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May 2025 Market Update