The One Big Beautiful Bill Act (2025 Budget Reconciliation Bill) has officially been signed into law, introducing impactful changes across several key areas of financial planning, including retirement strategies, taxes, and more.
It’s essential that your calculations in eMoney remain accurate and aligned with the latest legislation. That’s why we’re prioritizing timely updates to our platform in response to the 2025 Budget Reconciliation Bill. Rather than waiting for all changes to be finalized, we’ll roll out enhancements incrementally—delivering each update as soon as it’s ready.
This post will serve as your central hub for tracking how and when these updates go live in eMoney. We recommend bookmarking this page to stay informed, as it will be updated regularly as new functionality becomes available.
Released
No updates are live just yet—but we’re hard at work behind the scenes. Stay tuned! As updates roll out, we’ll post them here to keep you informed.
Coming Soon
- Tax Rates – Makes the TCJA rate changes permanent, eliminating the 2026 sunset. (Section 70101)
- Standard Deduction – Sets new statutory values for standard deduction starting in tax year 2025 and makes these values permanent. (Section 70102)
- Permanent Repeal of Personal Exemptions – Makes the TCJA’s repeal of personal exemptions permanent. (Section 70103)
- Child Tax Credit Increase to $2,200 – Makes the TCJA’s increase of the child tax credit permanent. (Section 70104)
- Mortgage Interest Deduction Cap at $750,000 – Makes the TCJA’s decrease of the maximum mortgage permanent. (Section 70104)
- Qualified Business Income Deduction (QBI) Phaseout Expansion – Makes the TCJA’s QBI deduction permanent and increases the phaseout range for specified service trades or businesses (STTBs). (Section 70105)
- Estate & Gift Tax Exemption Set to $15M – Sets a new statutory value of $15,000,000 for the estate and lifetime gift exclusions. (Section 70106)
- Itemized Deduction Limitation for Top Bracket Filers – Replaces the repealed Pease limitation with a new cap on the tax benefit of itemized deductions for top earners. (Section 70111)
- SALT Deduction Cap Increase to $40,000 – Temporarily increases the SALT deduction cap from $10,000 to $40,000 with indexing and a new MAGI-based phaseout. (Section 70120)
- Charitable Deduction Limit for Cash Gifts at 60% AGI – Makes permanent the TCJA’s increase of the AGI limit for cash gifts to public charities from 50% to 60%. (Section 70424)
- AMT Exemption & Phaseout Thresholds Made Permanent – Makes the TCJA’s increases to AMT exemptions and phaseout thresholds permanent. (Section 110007)
- Charitable Deduction for Non-Itemizers Expanded – Expands the deduction for non-itemizers from $300/$600 to $1,000/$2,000 with a 0.5% AGI floor. (Section 70424)
- Temporary Senior Deduction – A new $6,000 deduction for filers age 65+, phased out above $75k/$150k MAGI. (Section 70103)
- Tip Income Deduction (up to $25,000) – A new, temporary, maximum $25,000 deduction for tips, phased out above $150k/$300k MAGI. (Section 70201)
- Overtime Wage Deduction (up to $12,500) – A new, temporary, maximum $12,500 deduction for overtime wages, phased out above $150k/$300k MAGI. (Section 70202)
- Car Loan Interest Deduction (up to $10,000) – A new, temporary, maximum $10,000 deduction for interest on U.S.-assembled personal-use vehicles, phased out above $100k/$200k MAGI. (Section 70203)
- $400 Minimum QBI Deduction – Provides a minimum $400 deduction for taxpayers with at least $1,000 in QBI. (Section 70105)
Want to Learn More?
Explore these helpful resources to understand the full scope of the bill and its implications for financial planning:
This post will be updated regularly as new changes are released. Be sure to check back often and bookmark this page for easy access to the latest information. If you have questions, reach out to the eMoney Client Support team.
