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Trump, Bill and tax breaks

Here’s how Trump’s spending bill will impact your money: child tax credit, no tax on tips and more

Now that the tax and spending bill has been signed into law, how it will impact the finances of Americans is more clear.

The Sacramento Bee on MSN · 20h

Californians get larger state and local tax deductions under Trump’s big bill

Californians will be able to deduct more of their state and local taxes on their federal income tax returns thanks to the Big Beautiful Bill President Donald Trump has signed into law.

USA TODAY on MSN · 17h

Did 'Big Beautiful Bill' include no tax on overtime? What to know about Trump’s 'promises kept'

President Donald Trump signed a sweeping piece of legislation that includes several of his campaign promises, including no tax on overtime or tips.

Social Security, Taxes

What Does the New Social Security Tax Deduction Mean for Seniors Over 65?

President Trump's "big, beautiful bill" included a "senior bonus," a new temporary tax deduction for Americans over 65.

The New York Times · 1d

Social Security Sends Misleading Email Claiming to Eliminate Taxes

The Social Security Administration circulated an imprecise email about the provisions in the new law. Here’s what it actually does.

Seattle Times · 1d

Social Security Email Says Policy Bill Eliminates Tax on Benefits. Does It?

In a celebratory email sent to Americans, the Social Security Administration praised the Trump administration’s sprawling budget and tax bill and said it eliminated federal income taxes on most retirees’ benefits.

1h

IRS says churches whose pastors endorse candidates from pulpit shouldn't lose tax-exempt status

The IRS said in a court filing that churches whose pastors endorse political candidates from the pulpit shouldn't lose their ...

1d

What killing tax credits means for the electric vehicle market

The Trump administration’s plan to scrap federal incentives for electric vehicles will be a major speed bump for ...

3hon MSN

New tax law makes Planned Parenthood choose: Abortions or basic care

The Republican-backed tax law would force some Planned Parenthood clinics to stop performing abortions to receive Medicaid ...

1d

What to know about buying electric vehicles after the federal tax incentives end

Buyers have until Sept. 30 to qualify for the credit now that Congress has passed the spending bill, which ends the program.

1don MSN

Trump tax bill averts one debt crisis but makes future financial woes worse

President Donald Trump's tax-cut and spending bill, which passed Congress on Thursday, averts the near-term prospect of a U.S ...

8hon MSN

Pastors who endorse political candidates shouldn't lose tax-exempt status, IRS says in filing

The IRS says pastors who endorse political candidates from the pulpit should not have to risk losing their tax-exempt status.

2h

Could a July 1 drop in CT tax lower the cost of goods? Maybe

This tax cut comes at a critical time when the economy is facing much uncertainty between conflict in the Middle East that ...

2d

New SALT Cap Could Slash Property Tax Pain for Homeowners in These High-Tax States

A new $40K SALT cap could deliver long-awaited tax relief to homeowners in high-cost states like NJ, NY, and CA by cutting ...

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