Sorting Out The 1 Big Beautiful Bill Act Edition
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Some of the measures are effective immediately, while others don’t kick in for several years – notably, after the 2026 midterm elections.
The tax code is becoming charitable to many more donors thanks to changes in the new tax and spending law. That’s going to help nonprofit organizations that rely on donations, and also everyday Americans who are navigating new tax-code complexities within the One Big Beautiful Bill Act that President Donald Trump signed into law on July 4.
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Trump’s "big beautiful bill" includes a temporary $40,000 SALT deduction cap. But the phaseout could trigger a tax surprise for some higher earners.
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Trump has signed the "big, beautiful" bill, enacting sweeping changes to programs like SNAP and Medicaid. Here's what Tennesseans should know.
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The One Big Beautiful Bill Act is temporarily quadrupling 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 write-off, which is popularly referred to as the SALT deduction.
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PCMag on MSNInterested in Clean-Energy Tax Credits? The Clock Is Ticking Thanks to Trump’s 'Big Beautiful Bill'You now have less than six months to claim a tax break for a heat pump, solar panels, and other expenses to make your abode greener.
Big beautiful bill extends tax cuts, rates from 2017. The bill permanently extends the tax cuts introduced in the 2017 Tax Cuts and Jobs Act, which were set to expire this year.
Trump's tax and spending law will impact education savings, gambling losses and tips. Here's a breakdown of the highlights.