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IRS outlines new tax deductions part of Trump megabill
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The giant tax and spending bill known as the One Big Beautiful Bill Act, or OBBBA, was signed into law by President Trump earlier this month. Given all the haggling and rewriting that went on in ...
The "One Big, Beautiful Bill" increases two significant tax deductions, but cuts clean energy tax credits for the 2025 tax ...
Legislation does not eliminate the tax on Social Security benefits, but it does provide a tax deduction that can cover taxes ...
President Trump promises to give $1,000 to every kid born from January 2025 to December 2028. 2-The Trump Savings Account is ...
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The tax and spending bill signed into law by President Trump on July 4 includes a limited tax break for car buyers.
IRS 401(k) limits increase to $23,500 in 2025. Here’s how the Big Beautiful Bill reshapes retirement, RMDs, and Roths.
The "big, beautiful bill" offers tax breaks that can benefit small-business owners — but it may have additional impacts that ...
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Econostrum on MSNIRS Raises 401(k) Limits to $23,500 in 2025 – Key Changes in the New Big Beautiful BillAmericans saving for retirement will benefit from increased contribution limits for their 401(k) accounts in 2025, following a decision by the IRS. However, these adjustments come alongside the ...
The Treasury Department and the IRS will need to roll out guidance to explain the bill's newer provisions and how they differ ...
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NerdWallet on MSN5 ‘Big, Beautiful Bill’ changes to marketplace insurancePresident Donald Trump signed his “big, beautiful bill” into law on July 4, making changes to health insurance coverage for ...
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 ...
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