Trump, tax deductions and big beautiful bill
Digest more
Lawmakers noted their letter comes as “recent IRS staffing challenges caused by the Trump Administration” have complicated the processing of outstanding tax refunds.
Whether you were in favor of President Donald Trump’s One Big Beautiful Bill or against it, what is important now is how the new legislation will affect you. It can pay to dig a bit deeper into the details in order to avoid any unpleasant surprises — and even to enjoy some tax advantages resulting from the new law.
Trump's tax and spending law will impact education savings, gambling losses and tips. Here's a breakdown of the highlights.
Fresh off passage of the “One Big Beautiful Bill,” some anti-tax advocates hope to push the administration to change how taxable capital gains are calculated.
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.The law makes significant changes to the Low-Income Housing Tax Credit,
Here’s what polls showed of Trump's approval rating after the president’s mega tax and spending bill was passed by Congress and signed into law.
U.S. manufacturers secured the business tax provisions they’d hoped for in Donald Trump’s budget megabill, but the president’s erratic trade policy risks tempering any pronounced pickup in capital investment.
Donald Trump is targeting the office snack.The president’s signature tax law allows a long-standing business deduction for the cost of food provided to employees to expire, imperiling a workplace perk popularized during Silicon Valley’s dot-com boom that is now an emblem of modern office culture.
President Trump's 'big beautiful bill' will provide a boost to the economy in the near term but just a tiny bump over the long run, forecasters say.