Gamblers will pay more taxes in 2026 and beyond
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The Social Security Administration said the bill ensures most Social Security beneficiaries will no longer pay federal income taxes on their benefits. Instead, the bill provides a temporary tax deduction some are calling a "senior bonus.
One Big Beautiful Bill' makes 529 plans more flexible, some skeptics say the education savings plans still may not be worthwhile for some. Here's why
The Big Beautiful Bill, officially signed into law on July 4, makes major changes to the tax code this year. After significant jaw-boning and contentious debate, President Donald Trump successfully won enough support in the House and Senate to usher the 900-plus page One Big Beautiful Bill Act across the finish line.
From increased deductions on mortgage interest to more incentives for low-income housing construction, the 'Big Beautiful Bill' features several provisions that impact the housing market.
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Professional gamblers and tax advisers are warning that a little-noticed line in Senate Republicans' 900-page "One Big Beautiful Bill" could make bettors pay income tax even when they break even.
Queens and Long Island Rep. Tom Suozzi stood by his decision to vote against the One Big Beautiful Bill Act despite acknowledging that he agrees with roughly three-quarters of the megabill.
The impact of the massive spending bill President Donald Trump signed into law on Independence Day is expected to filter down to infants and toddlers — a segment of the population