RubinBrown was featured on TheTaxAdviser.com, where Tax Services Partner Amie Kuntz contributed to the semiannual AICPA update covering federal tax developments impacting individuals since October 2025, in addition to the changes made by the One Big Beautiful Bill. Read the full article on TheTaxAdviser.com by clicking here.

Key Highlights

• OBBBA makes most TCJA individual provisions permanent, including current tax brackets (top rate remains 37%) and the higher standard deduction, while permanently eliminating personal exemptions.
• Child tax credit increased to $2,200 per child (with $1,700 refundable) and indexed for inflation; dependent care benefits expanded, including a higher FSA limit of $7,500 starting in 2026.
• Charitable giving rules significantly revised: the 60% AGI limit is permanent, a new charitable deduction is available for non‑itemizers, and a 0.5% AGI floor plus a new cap on itemized deduction benefits apply to high‑income taxpayers.
• SALT deduction cap temporarily raised to $40,000 (with phaseouts and later reversion), affecting itemization and tax planning decisions.
• Pass‑through and investor provisions strengthened, including a permanent Sec. 199A QBI deduction, expanded QSBS benefits, and permanent limits on excess business losses.
• Courts continue to enforce strict interpretations around filing status, taxation of legal settlements, treatment of equity compensation, and substantiation requirements—reinforcing documentation and planning discipline.

Current developments in taxation of individuals: Part 1

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To learn more about our services, visit RubinBrown’s Tax Services webpage, or contact Amie Kuntz.

Published: 04/07/2026

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