The bill, ushered through Congress by Republican leadership and signed by Trump Friday, includes $4.5 trillion in tax cuts, slashes spending on Medicaid, and creates temporary tax deductions for overtime and tipped income. It includes $170 billion for immigrant detention and for new personnel for Immigration and Customs Enforcement.

President Donald Trump falsely claims the ‘biggest tax cuts ever’ while Democrats add in the impact of a Biden-era policy.

Millions of U.S. workers who earn tips and overtime pay may be eligible for a federal tax break when they file their 2025 income taxes next year

If you earned tips or overtime, you won't see any difference in your wallet until next year, as a tax deduction.

The new GOP tax law quadruples how much people can deduct in state and local taxes off their federal returns, offering significant relief to high earners in many Democratic-led states by partially undoing a big change in President Donald Trump’s 2017 law.

A set of provisions tucked into President Donald Trump’s new tax-and-spending law has real estate developers and affordable housing proponents cheering – though some view it as a bittersweet victory.

Trump’s “One Big Beautiful Bill” has officially reshaped the tax landscape — again. Billed as a win for workers and families, the law delivers targeted cuts, flashy perks, and fresh culture war fodder — as well as plenty of markets on Polymarket wondering what the next cut might be.