New Tax Credits For 2025 Tax Year. Senior lawmakers in congress announced a bipartisan deal tuesday to expand the child tax credit and provide a series of tax breaks for businesses. A number of provisions of the tax cuts and jobs act of 2017 are set to expire at the end of 2025, meaning you could see your tax bracket change and tax.

The 20% tax rate starts at $583,751 for joint filers, $551,351 for heads of household and $518,901 for single filers. Here’s a breakdown of some common tax credits that you could be eligible for.