Big Beautiful Bill's June 30 Deadlines Are Now Three Weeks Away — Here's What's Expiring

If you've been half-paying attention to the news about Trump's big legislative package, here's your catch-up — because some of it kicks in on June 30, and that's three weeks away.

The "One Big Beautiful Bill Act" — officially signed into law on July 4, 2025 — is a sweeping piece of legislation that does a little bit of everything: cuts taxes, restructures student loans, reshapes social safety net programs, and creates new savings accounts for kids. The CT Mirror piece is a useful timeline explainer walking through what's already live, what drops on June 30, and what's still coming later in the year.

Let's start with what's happening right now on June 30:

If you've been thinking about installing an EV charger at home or at your business, your window to claim a tax credit worth up to $1,000 is closing fast. That credit expires June 30. Same goes for a tax incentive available to commercial builders who want to make energy-efficient upgrades — construction that doesn't start before June 30 won't qualify.

For anyone in higher education, the changes hitting July 1 are significant. Starting then, parents taking out federal loans to help pay for their kid's college — called Parent PLUS loans — will face hard limits for the first time ever: a $20,000 annual cap per child and a $65,000 lifetime cap. Right now, there's no fixed limit at all. Graduate students are also affected: the Grad PLUS loan program is effectively ending, and new caps will apply — $100,000 lifetime for master's students and $200,000 for professional degrees.

Then there are the "Trump accounts" — new tax-advantaged savings accounts parents can open for children under 18, kind of like an IRA for kids. They're intended to help with big future expenses like college or buying a home. The federal government will seed accounts with a $1,000 deposit for babies born between 2025 and 2028.

Later in the year, the changes get heavier. Starting October 1, states will have to absorb a much larger share of administrative costs for SNAP — the federal food stamp program. Connecticut, for example, used to split those costs 50-50 with the federal government; now the state will be on the hook for 75% of administrative costs.

And by December 31, states will need to check Medicaid eligibility twice a year instead of once — a change that advocates worry will cause eligible people to lose coverage simply due to the paperwork burden. Work requirements for Medicaid — meaning you'd have to prove you're working or training at least 80 hours a month to keep your health insurance — could also kick in around that time, though some states like Connecticut may be able to apply for a waiver to delay a couple of years.

For lower-income households, these changes add up fast. Research from the Congressional Budget Office found that the bill's cuts are not evenly distributed — middle- and higher-income households will generally see gains, while those in the bottom income bracket will see losses, largely driven by the cuts to Medicaid and SNAP.

The bottom line: the June 30 deadlines are mostly about tax credits expiring — EV charger credits, energy-efficiency incentives. But the student loan changes and the downstream hits to food and health programs are what will affect millions of people's daily lives well into the future.