Seniors get a tax break in Trump’s megabill
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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.
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After narrowly squeaking through the House on Thursday, the "big, beautiful bill" now heads to the president's desk for his signature. As part of the legislation, workers who rely on tips for a large share of their income, such as waiters, bartenders and hairdressers, will see relief from federal income tax on those tips.
The Republicans' tax cut and spending package, dubbed the "big, beautiful bill," includes a tax deduction for car loan interest of up to $10,000 annually for qualified vehicles.
The newly passed Big Beautiful Bill drives changes to individual benefits related to energy efficiency, including the repeal of green energy tax credits for energy vehicles (EVs). The Senate legislation,
The tax and spending package includes $66.4 billion in new money for programs assisting farmers, strengthening the safety net if there is significant volatility in crop prices and revenues.
Republicans' "big, beautiful bill" reinstated lower royalty rates for energy production, requires regular oil lease sales and phases out electric vehicle and clean energy tax credits
Arizonans will see major changes to Medicaid, tax cuts and food stamps after Trump's Big Beautiful Bill passed. The Gaggle dives into the details.