A new tax break aimed at seniors may lighten the load on retirees’ Social Security income, but it’s not as sweeping or permanent as some headlines suggest. Tucked inside the “One Big Beautiful Bill,” signed into law by President Donald Trump on July 4,

A buried provision in Trump's "Big, Beautiful Bill" limits gambling loss deductions to 90% while taxing 100% of winnings.

So, Trump’s “no tax on overtime” law could mean bigger federal tax refunds for many middle-income workers across the Mid-Atlantic, especially in industries like healthcare, manufacturing, and construction where extra hours are common. But don’t expect your weekly paycheck to grow. The savings will come when you file your 2025 taxes in early 2026.

Under the final iteration, the so-called Trump accounts are custodial individual retirement accounts for kids, with special rules until the year the child turns 18. For the next few years, they come with $1,000 of seed money from the Treasury Department for newborns. That money would grow tax-deferred, with income taxes due upon withdrawal.

Senior citizens are getting a tax break in President Donald Trump’s sweeping tax and spending cuts package, but it’s not the one the president promised on the campaign trail last year.

Colleges and universities will also take a hit, as will taxpayers who depend on Medicaid, food assistance and owe money on their student loans.

On the campaign trail, then-candidate Donald Trump touted his plan to end taxes on tips; now, millions of workers across the country are reaping the benefits of Trump’s “Big, Beautiful Bill”

A provision in the One Big Beautiful Bill Act, recently signed into law by President Trump, will create the country’s first federal tax credit for donations to private schools. It aims to give families more choice in their child’s education,

There are three federal tax provisions related to child care. Trump's new tax law recently expanded all of them through a reconciliation package.