Boomers Get a Big Beautiful Tax Break
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IRS 401(k) limits increase to $23,500 in 2025. Here’s how the Big Beautiful Bill reshapes retirement, RMDs, and Roths.
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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 millions of Americans. Related Articles * \u0009\u0009\u0009\u0009\u0009\u0009\u0009\u0009\u0009\u0009\u0009Trump says Coke will shift to cane sugar.
The Republicans' tax cut and spending package, dubbed the "big, beautiful bill," includes a tax deduction for car loan interest of up to $10,000 annually for qualified vehicles.
The Treasury Department and the IRS will need to roll out guidance to explain the bill's newer provisions and how they differ from earlier tax legislation.
Republicans, including Senate Minority Leader John Braun, have cheered on the bill for offering tax breaks to middle-class residents.
The Democratic National Committee is showing where President Trump's bill could hurt people in the state, but the White House points to savings.