One Big Beautiful Bill (OBBB)Tax Changes 2025

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Taxpayers with dependents will see an increase in the child tax credit (CTC) for the 2025 tax year under the One Big Beautiful Bill (OBBB). The new Act has now increased the CTC maximum to $2200 per qualifying child under the age of 17. 

Families with higher incomes will phase out if their adjusted gross income (AGI) exceeds $200,000 for single filers and $ 400,000 for married filing jointly. The credit completely phases out for single filers if their income exceeds $240,000 and for married filing jointly, it phases out at $440,000.