Vivinavi : Chicago : (United States) Chicago

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

U.S. Taxation ・ Changes to the Preferential Treatment System "OBBBA"

Hello.
This is Ozaki Accounting Office.

On July 4, 2025, there is a very big new law in the US.
This law changes a lot of tax （ tax ） rules.

We will only tell you the important points in a simple way.

① Tax exemption for tips and overtime

From 2025 to 2028, there will be almost no tax on tips received at restaurants and some overtime work at work.
High-income earners are exempt ： Not applicable to those above a certain annual income.
SSN （ Social Security Number ） is required ： Application is required.
ITIN holders are not eligible

② 1% tax on foreign remittances

Starting January 2026, a 1% tax will be imposed on remittances from the US to foreign countries.
Mainly applicable ： Cash remittances, use of Western Union, etc.

*People who use means other than bank transfers should be especially careful.

③ Electric Vehicles （ EVs ） Tax Credit Ends Early

Tax Discount for Electric Vehicles （ EVs ） Ends
There is a tax discount program for buying an electric vehicle, However, the discount is only available if the vehicle is delivered before September 30, 2025.

IMPORTANT ： The vehicle must be delivered by this date.
Please note that this offer does not apply to orders placed alone.

④ Tax credit for home eco-renovation ends

The tax discount for the following work to improve the energy efficiency of a house ends.

Major eligible work ： Replacement of solar panels, insulation, and windows
Important ： This will only apply before December 31, 2025.

⑤ Families raising children save

Families with children under 17 pay less tax.
（ $2,200 per child ）

⑥ 65 and older

An additional $6,000 worth of tax relief

⑦ More state tax deductions

People who pay state and property taxes can now deduct
more than before.

Good news for those who pay high state taxes.

⑧ Gambling rules change

Losing amounts can now only be deducted up to 90% of the amount won.

⑨ Interest on car loans can also be deducted

People who bought a car with a loan can now deduct
part of the interest paid from their taxes.

⑩ Stricter checks on foreign assets

People who receive money from foreign countries or have companies in foreign countries may face a big penalty

if they forget to file a return （ and a fine ） .

If you are concerned, please contact us as soon as possible.

Summary

Some people will pay less tax with this new law.
But some people will lose out if they don't move quickly.
And it is very important to have an SSN.
If you have any questions, please contact us anytime.
We will give you personalized advice.