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Tax breaks and other support measures in Trump’s “Big, Beautiful Bill” that will apply from 2025
Those who still choose to itemize their deductions will also see changes. Trump’s law temporarily raises the cap on state and local tax (SALT) deductions. It goes from $10,000 to $40,000 in 2025. This change could benefit taxpayers in high-tax states.
What taxpayers need to know about Trump’s big bill: Here are the main tax changes
The almost 900-page bill has plenty to say about taxes, and an array of changes, new credits and deductions are part of the new bill. But at its heart, the bill is about extending the tax provisions passed under the Tax Cuts and Jobs Act of 2017, during Trump’s first administration.
President Donald Trump's "big beautiful bill" includes a section for "no tax on tips." Now that the provision is enacted, ...
President Donald Trump’s signature tax and spending legislation is providing short-term clarity for Wall Street but fueling ...
Washington — A Trump-backed tax holiday on auto loan interest payments could save middle-class Americans several hundred ...
Passage of Donald Trump’s sweeping tax, health and spending bill was no small feat for Republicans, but selling it to the ...
Low-income Americans, meanwhile, face an estimated $1 trillion in cuts to Medicaid under the new budget bill, including ...
Key provisions in the president’s signature legislation will take effect at different times over several years.
The Trump Organization has removed livestock from its Bedminster club but continues to benefit from New Jersey’s farmland tax ...
President Trump has been in office for six months, delivering on campaign promises, securing his "big beautiful bill" by his self-imposed deadline and taking decisive action on the world stage.
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