Tax credits: detailed information - GOV.UK
Tax credits guidance and forms, including childcare costs, payment dates, overpayments and reporting changes.
www.gov.ukRecent tax-credit news is dominated by the U.S. “One, Big, Beautiful Bill” changes, which affect several credits and deductions. The IRS says the law introduces updates to the adoption credit and premium tax credit rules, while reporting also notes the child tax credit is set at $2,200 per child for 2025 and new deductions for seniors, tips, overtime, and certain car-loan interest have taken effect.[1][2][3]
What changed
- The child tax credit is reported at $2,200 per child in 2025, with inflation indexing starting in 2026.[3]
- The IRS says up to $5,000 of the adoption credit may become refundable for tax years after Dec. 31, 2024.[1]
- The IRS also says premium tax credit repayment limits are being removed for tax years beginning after Dec. 31, 2025.[1]
Credits that ended
- The $7,500 clean vehicle credit ended on Sept. 30, 2025.[2][3]
- The energy-efficient home improvement credit ended on Dec. 31, 2025, though eligible 2025 purchases may still be claimed on returns filed now.[2][3]
Broader tax news
- Media coverage says the law also adds or expands deductions for seniors, tip income, overtime pay, and some new vehicle loan interest.[2]
- Reporting also says some of these provisions phase out for higher-income taxpayers and may expire after 2028.[2]
I can narrow this to a specific tax credit, such as child tax credit, premium tax credit, EV credit, or UK tax credits.