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6d ago

IRS Keeps 2025 Withholding Tables Unchanged, Delays One Big Beautiful Bill Benefits to 2026 Filings

Agencies are drafting guidance with revised forms for full implementation in tax year 2026.

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Overview

  • The IRS will keep 2025 withholding tables unchanged, deferring most One Big Beautiful Bill benefits until taxpayers file their 2025 returns in 2026.
  • The bill makes the existing federal income tax brackets permanent for individuals, C corporations, trusts and estates.
  • Above-the-line breaks for tip and overtime income, a $6,000 deduction for filers 65 and older and a boosted standard deduction take effect in law for 2025 but will be claimed at filing.
  • While the top 40 percent estate tax rate is unchanged, the lifetime estate and gift exemption climbs to $15 million for deaths in 2026 and will be indexed thereafter.
  • Taxpayers, employers and advisers are already planning for adjusted Roth conversions, payroll procedures and reporting changes ahead of full implementation in 2026.