If you’re banking on tax-free overtime to boost your paycheck, you’re out of luck. Trump’s “big beautiful bill” doesn’t change what you’re paid; it changes what you’re taxed. That happens at tax time, not on payday. Employers will keep withholding taxes as usual, and it’s up to you to apply the deduction — if you qualify — when you file.

According to Gay, the law adds a $6,000 tax deduction for anyone 65 or older, regardless of whether they receive Social Security benefits. That's a key difference from the messaging around the bill. "I would say not," Gay said when asked if "no taxes on Social Security" was an accurate claim.

The One Big Beautiful Bill Act is temporarily raising the state and local tax deduction to at least $40,000, up from $10,000, for the next five years. Now it’s up to taxpayers to see if they can take advantage of this extra generous write-off, which is often referred to as the SALT deduction.

RALEIGH, N.C. — How should the American right view the passage of President Trump’s signature tax and budget law? Is it really, as Republicans came to

But the ugly new law is one of the least popular acts ever.

Although the Senate killed some of the House's ideas to improve health savings accounts, the final legislation does expand access. That's a win-win.

Contained in the new federal spending law formerly known as the "Big Beautiful Bill" is funding for 17 icebreakers, 21 cutters, more than 40 helicopters and six large patrol airplanes, Coast Guard officials said. It could take as long as 15 years to get the first of the large ships commissioned, according to government estimates.

Bettors can still deduct losses from wins within a single session of play. But the Internal Revenue Service ( irs) is unlikely to let punters treat a full year, or arguably even a week, as one session. In the meantime, some sports bettors are placing their hopes on a potential loophole presented by a disruptive new entrant to the industry.