09/09/2025
🚨 TAX WATCH: What’s Next After the July 4th Bill?
President Trump just signed a major tax and spending bill extending key parts of the 2017 Tax Cuts and Jobs Act—but several critical provisions were left out. Now, talk is heating up about a second federal tax package for FY2026. Here’s what could be on the table:
💸 ACA Premium Tax Credits – Could expire without renewal, impacting 20M+ Americans. Estimated cost: $30B/year.
🏙️ New Markets Tax Credit – Supports investment in underserved communities. Renewal status: TBD.
💼 Work Opportunity Tax Credit – Incentivizes hiring from marginalized groups. Future uncertain amid shifting DEI policies.
🎰 Other Possibilities:
Gambling loss deduction tweaks
Higher QBI deduction
Ending double taxation for Americans abroad
With midterms looming, Congress may move fast. Stay tuned—these changes could reshape everything from healthcare costs to hiring incentives.
