News

"Big, beautiful bill" could soon give tipped workers a new tax break. Here's what to know.
GOP tax and spending bill would create a tax deduction for workers in tipped occupations. But not all would lower taxes for ...
A bigger tax break could be ahead for many people 65 and older: How it could work
How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax deduction, if it's ...
Here's Who Won't Get a Tax Break on Tips and Overtime Pay Under the Senate's Version of Trump's "One, Big, Beautiful Bill"
The Senate has proposed numerous changes to the "One, Big, Beautiful Bill" that the House narrowly passed. The Senate's ...
Journal of Accountancy1d
Details of tax changes in Senate reconciliation bill
The Reconciliation Bill being debated in the Senate contains many tax provisions beyond extending portions of the Tax Cuts ...
How much will you save or lose with Trump’s ‘big’ tax bill?
The One Big Beautiful Bill extends tax cuts from Trump’s first term, implements new campaign proposals — including no taxes ...
Here's how much money you'll gain or lose under President Trump's tax bill
President Donald Trump’s One Big Beautiful Bill would cause the lowest earners to lose money and the highest earners to gain ...
GOP tax bill would mean 11.8 million people uninsured, $1.1 trillion in health cuts
The Senate Republicans’ tax and spending bill, which is speeding through the chamber, would result in deeper health care cuts ...
What to know about proposed flat income tax rate, which would benefit wealthy Ohioans
The Ohio General Assembly has proposed a flat income tax rate for this year's state budget. Here's a look at what flat taxes ...
MoneyWeek on MSN4d
420,000 more pensioners to be dragged into paying income tax – how does tax on the state pension work?
Hundreds of thousands more pensioners will need to pay tax on their pension income at the end of this tax year, new HMRC data ...