(Image credit: Getty Images) The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, made many of the 2017 tax cuts permanent — but it also introduced several new deductions and income rules that could change your take-home pay and your tax return. While much of the coverage has focused on politics, what matters most is how the law affects everyday taxpayers. Here are seven key changes to understand. 1. A new deduction for tip income — but it's not 'tax-free tips' This is a super important point. From just $107.88 $24.99 for Kiplinger Personal Finance Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues CLICK FOR FREE ISSUE Sign up for Kiplinger’s Free Newsletters Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail. Profit and prosper with the best of expert advice - straight to your e-mail.…