April 14, 2026
Family & Small Business Tax Relief
Delivering Tax Relief in 2026
The Big Picture
The Working Families Tax Cuts delivers tax relief to businesses, small employers, and families by expanding investment deductions, increasing incentives for small business growth, and strengthening child and family benefits.
Three BIG Wins
- More Investment. Businesses can deduct more of the cost of equipment, property improvements, interest, and domestic R&D sooner, improving cash flow and supporting growth.
- More Support for Small Business. The law expands Qualified Small Business Stock to encourage more capital formation and entrepreneurship in local communities.
- More Relief for Families. Families benefit from new Trump Accounts and an expanded employer-provided child care credit.
By the Numbers
| Category | Before | After |
|---|---|---|
| Section 179 | $1 Million | $2.5 Million |
| Phaseout | $2.5 Million | $4 Million |
| Child care credit cap | $150,000 | $500,000 |
| QSBS asset threshold | $50 Million | $75 Million |
- $1,000 federal contribution at creation of a Trump Account
- 40% employer child care expenses covered under the expanded credit
What it Means
- For Manufacturers. Stronger expensing improves cash flow and supports reinvestment in machinery, facilities, and domestic production.
- For Main Street. Expanded QSBS helps small businesses attract investment and grow with more flexibility.
- For Families. Trump Accounts help parents save earlier for children’s futures, while child care credits make employer supported care more achievable.
Bottom Line
The Working Families Tax Cuts strengthens investment, supports small business growth, and delivers family-focused tax relief heading into the 2026 tax season.