BREAKING: U.S. Tax System Got a Makeover on July 4th, 2025!
🧨 BREAKING: U.S. Tax System Got a Makeover on July 4th, 2025!
While you were enjoying firecrackers, the IRS was rewriting tax history 💥
The “One Big Beautiful Bill” is here biggest shake-up since 2017!Let’s decode this in a no-jargon, all-fun 🎯🔹 💸 Tax Brackets: Trimmed!
Old rate: 22%
New rate: 18%
➡️ Result: More 💵 in your bank & less to Uncle Sam.🔹 📉 Capital Gains: 0% up to $100K!
Sell your long-term stock investments → No tax till $100K
Example: If you made ₹80L in US stock profits, you might just keep it all (conditions apply 😅)
🔹 👨👩👧 Child Tax Credit = $2200
Relief for parents → Diaper bills hurt less now 🍼
🔹 📦 Standard Deduction Raised
Head of Household → $23,625
Singles/Separate filers → $15,750
More deduction = Less tax = More Netflix 😎
🔹 🏢 Corporate Tax: No Change, Still 21%
Final version didn’t drop it to 15%
→ But it made 21% permanent (TCJA lives on!)
🔹 👔 Pass-Through Deduction (20%) = Permanent!
S Corps, Partnerships & LLCs → More cake 🍰 to eat
🔹 💯 Bonus Depreciation = 100% Permanent!
Buy that fancy business machine → Write it off fast!
MSMEs & startups just got a tax break hug 🤗
🔹 🧾 Section 179 Limit → $2.5 Million
More capital = More expense deduction
(Ujjwal logic: Spend smart, deduct hard 😎)
🔹 🏰 Estate & Gift Exemption = Doubled!
Now up to $26M for couples!
High-net-worth folks can breathe easier 💼💰
🔹 🪙 Crypto Tax: Finally Clearer!
IRS gave less bhav to confusion 😅
→ Gray areas cleaned → Fewer headaches
While you were enjoying firecrackers, the IRS was rewriting tax history 💥
The “One Big Beautiful Bill” is here biggest shake-up since 2017!Let’s decode this in a no-jargon, all-fun 🎯🔹 💸 Tax Brackets: Trimmed!
Old rate: 22%
New rate: 18%
➡️ Result: More 💵 in your bank & less to Uncle Sam.🔹 📉 Capital Gains: 0% up to $100K!
Sell your long-term stock investments → No tax till $100K
Example: If you made ₹80L in US stock profits, you might just keep it all (conditions apply 😅)
🔹 👨👩👧 Child Tax Credit = $2200
Relief for parents → Diaper bills hurt less now 🍼
🔹 📦 Standard Deduction Raised
Head of Household → $23,625
Singles/Separate filers → $15,750
More deduction = Less tax = More Netflix 😎
🔹 🏢 Corporate Tax: No Change, Still 21%
Final version didn’t drop it to 15%
→ But it made 21% permanent (TCJA lives on!)
🔹 👔 Pass-Through Deduction (20%) = Permanent!
S Corps, Partnerships & LLCs → More cake 🍰 to eat
🔹 💯 Bonus Depreciation = 100% Permanent!
Buy that fancy business machine → Write it off fast!
MSMEs & startups just got a tax break hug 🤗
🔹 🧾 Section 179 Limit → $2.5 Million
More capital = More expense deduction
(Ujjwal logic: Spend smart, deduct hard 😎)
🔹 🏰 Estate & Gift Exemption = Doubled!
Now up to $26M for couples!
High-net-worth folks can breathe easier 💼💰
🔹 🪙 Crypto Tax: Finally Clearer!
IRS gave less bhav to confusion 😅
→ Gray areas cleaned → Fewer headaches
🔹 🤖 IRS Modernization
AI-powered audits
“Simple Return” portal for W-2 earners <$200K
SSN login via ID.me
Welcome to the digital IRS!
📚 Students Alert! (CPA/EA):
Changes go live on exams from Jan 2026.
Start updating your notes… and your brain 🧠💼
📈 Stock Market Impact?
Tech & capital-heavy sectors may rally 🚀
Buybacks/dividends could rise 💹
Yields might spike 🏦
🌍 Pakistan’s Angle?
Pakistan exporters → Might face cost competition
Pakistan equity markets → May gain from global fund rotation (or lose to US pull)