KEY TAKEAWAYS The 'One Big, Beautiful Bill' introduced several new tax deductions, some of which will apply to the money ...

When Michelle Lawrence heard about Medicaid cuts in the Republican tax and spending bill, it felt like “a punch to the gut.” ...

Legislation does not eliminate the tax on Social Security benefits, but it does provide a tax deduction that can cover taxes ...

The tax and spending bill signed into law by President Trump on July 4 includes a limited tax break for car buyers.

The full deduction is limited to individuals with taxable income of less than $75,000 ($150,000 for joint filers). It shrinks ...

The "big, beautiful bill" offers tax breaks that can benefit small-business owners — but it may have additional impacts that ...

The "One Big, Beautiful Bill" increases two significant tax deductions, but cuts clean energy tax credits for the 2025 tax ...

President Donald Trump signed his “big, beautiful bill” into law on July 4, making changes to health insurance coverage for ...

IRS 401(k) limits increase to $23,500 in 2025. Here’s how the Big Beautiful Bill reshapes retirement, RMDs, and Roths.

1-President Trump promises to give $1,000 to every kid born from January 2025 to December 2028. 2-The Trump Savings Account is for any child under the age of 18 years old.

The bill includes several tax-related initiatives, one of which is the elimination of tax on tips. Here's what to know.

The Treasury Department and the IRS will need to roll out guidance to explain the bill's newer provisions and how they differ ...