Stay ahead of the curve with our comprehensive 2025 tax bill update. Explore the latest on crucial tax items, where each provision stands in Congress, and the next steps in the legislative process. Whether you’re a CPA, EA, or financial professional, our AI tax research and AI tax planning tools ensure you’re always up to date. Read on for a detailed breakdown—and see how agentic AI in tax can help you and your clients stay compliant and proactive. Ready to future-proof your tax strategies? Try our AI-powered tax tools today!
2025 Tax Bill: Key Provisions Table (As of June 15, 2025)
| Tax Item | Description/Provision | Current Status | Next Step |
| Individual Tax Rates | Extension/Modification of TCJA lower rates | Passed House Committee | Senate Finance Committee Review |
| Child Tax Credit | Increase in credit amount and refundability | Approved by House | Senate Vote |
| Corporate Tax Rate | Proposal to adjust from 21% to 25% | Draft Language in Committee | Awaiting Markup |
| SALT Deduction Cap | Adjustments or repeal of $10k limit | Contested; No Consensus | Further Negotiation in Conference |
| Capital Gains Rate | Possible increase for top earners | Introduced in House | Hearings Scheduled |
| Pass-Through Deduction (199A) | Extension or phase-out proposals | Under Committee Review | CBO Scoring; Amendments Possible |
| Estate & Gift Tax Exemption | Reversion to pre-TCJA levels in 2026 or gradual phase | Pending in Senate | Senate Debate |
| Research & Development Expensing | Restore immediate expensing vs. amortization | Bipartisan Support in Both Chambers | Language Finalization |
| Energy Tax Credits | Expansion/streamlining for green investments | Passed House; Awaiting Senate | Likely in Final Package |
| IRS Funding & Modernization | Additional funding and new enforcement mandates | Included in Bill Text | Subject to Reconciliation |
| Crypto Tax Reporting | Clarification/expansion of Form 1099-DA requirements | Incorporated; Tech Amendments Pending | Regulatory Guidance Post-Enactment |
Source: U.S. Congress – Tax Bill Tracker, Tax Foundation Analysis, Joint Committee on Taxation
What Does This Mean for Tax Professionals?
The ongoing 2025 tax bill could bring sweeping changes for individuals and businesses.
Key highlights include the potential for higher corporate and capital gains rates, significant tweaks to the Child Tax Credit, possible changes to the SALT deduction, and new clarity on crypto tax reporting. Given the bill’s complexity, staying informed and leveraging modern AI tax research and planning tools is critical for proactive tax strategy.
Recommended Tools & Resources:
- Hive Tax AI: Our proprietary AI tax research tool and AI tax planning tool keep you updated on the latest legislation, instantly incorporating new tax provisions into client-specific strategies.
- IRS Newsroom: Latest IRS tax law updates
- Tax Foundation: Ongoing analysis of federal tax legislation
- Joint Committee on Taxation: Detailed bill summaries and revenue estimates
Stay Ahead: How Agentic AI in Tax Can Help
With agentic AI in tax, professionals can quickly adapt to new regulations, automate compliance, and deliver year-round advisory services. Our AI tax tools are designed to provide instant, citation-backed answers and dynamic tax planning as the legislative landscape evolves.
Don’t wait until the bill becomes law—leverage our AI tax solutions to safeguard your clients and your practice. Request a demo today!