Trump’s temporary tax breaks: 5 ‘big beautiful bill’ provisions that may not stick around for long
Under the sweeping new tax law, timing is everything. Here are five new tax breaks that won’t last long.
5 min read
Jul 11, 2025
Kemberley Washington, CPA
Tax expert and journalist
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21Years of tax experience
CREDENTIALS
- Certified Public Accountant (CPA)
EXPERTISE
- Individual income taxes
- Tax strategy and planning
- U.S. tax policy
- Small-business taxation
- Personal finance
EDUCATION
- Southern University and A&M College, Bachelor of Science, Accounting
- Southern University and A&M College, Masters of Accountancy
Kemberley Washington, CPA, is a tax expert and journalist, and a former IRS agent with over 20 years of experience in tax policy. She started her career as a revenue agent and criminal investigator with the IRS. However, in the aftermath of Hurricane Katrina, she began writing and teaching about taxes and personal finance to help her community during a devastating time.
Her stories have appeared in Yahoo Finance, Jet Magazine, Black Enterprise, Fox Business, Forbes and more. She frequently appears on many national and local television shows, including NBC's WDSU and Good Morning America 3.
She has authored several books, including "It All Starts with a Budget," "The Ten Commandments to Financial Healing" and "21 Days of Powerful Breakthroughs." Some of her books are featured on the YouVersion Bible App.
Kemberley beyond Bankrate
After six months of training on how to shoot guns, arrest people and conduct speed chases as an IRS criminal investigator, I knew that carrying a gun wasn't for me! However, my IRS experience gave me the opportunity to help others with tax and finance issues. Today, I continue to share tax tips through my writing, news appearances, and volunteering in the community.
— Kemberley Washington, CPA
Kemberley's latest articles
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Electric vehicle (EV) tax credit hits a dead end under Trump’s megabill
The valuable electric vehicle tax credit for new and used EVs is set to end after September. Here’s how these credits work and who qualifies.
3 min read Jul 07, 2025 -
Senate’s ‘big beautiful’ bill trims popular tax breaks — 4 ways it could impact your taxes
U.S. lawmakers appear primed for a tax-bill showdown with the Senate’s version of the “big, beautiful” act challenging the House version of the bill on some key provisions.
4 min read Jul 01, 2025 -
7 ways to lower your taxable income this year — and trim your 2025 tax bill
If you want to trim your 2025 tax bill, now is the time to take steps to reduce your taxable income.
4 min read Jun 30, 2025 -
5 tax breaks for dads to help celebrate Father’s Day
There are many tax breaks that may apply for fathers, from claiming dependents, saving for your child’s education or looking to lower your taxable income.
4 min read Jun 13, 2025 -
Hurricane-related tax relief: 4 tips to help you weather the financial aftermath
Hurricanes can cause immense destruction, but these tax benefits can help alleviate some of the financial costs.
5 min read Jun 10, 2025 -
Inheritance tax: How it works and how it differs from estate tax
Only a handful of states levy an inheritance tax, but it’s important to understand how it works and how it differs from the estate tax.
4 min read May 30, 2025 -
5 tax deductions for rental property
If you own rental property, you can reduce your tax bill by claiming valuable tax deductions.
4 min read May 26, 2025