Trump's Big Beautiful Tax Bill
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18hon MSN
President Donald Trump signed his "big beautiful" spending bill into law on July 4.
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
But President Donald Trump’s “Big Beautiful Bill” didn’t have to wait—it sped through ... New York and New Jersey will get a bigger income tax deduction for state and local taxes, known as SALT. That tax break will last only through 2028.
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.
3don MSN
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.
Donald Trump will not be presenting Congress with a new to-do list anytime soon as Senate and House Republicans turn to other pressing matters after narrowly approving most of the president’s second-term priorities.