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OBBB Act updates key tax rules for condo owners, including higher standard deductions, a $750,000 mortgage interest limit, ...
As a candidate, Trump promised to lift taxes on overtime. The new law allows workers to deduct up to $12,500 in overtime compensation (for single filers) or $25,000 (for joint filers). This deduction ...
Cuts to SNAP and Medicaid benefits could hurt low-income workers, while tax breaks in the same bill will disproportionately benefit wealth business owners, adding to the gap between rich and poor.
President Trump vowed to end taxes on Social Security, but the One Big Beautiful Bill stops short of fulfilling that promise.
An above-the-line deduction for charitable giving is expected to generate an estimated $74 billion for nonprofits over a decade.