Sorting Out The 1 Big Beautiful Bill Act Edition
Digest more
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.
Some of the measures are effective immediately, while others don’t kick in for several years – notably, after the 2026 midterm elections.
Trump's new law offers tax breaks for families but slashes healthcare and food aid. Here's what parents need to know about the financial impact.
Under the bill, the SALT cap temporarily increases to $40,000 per year, so long as your annual income does not exceed $500,000.
President Donald Trump’s “One Big, Beautiful Bill Act” phases out tax credits for clean energy projects, slowing the addition of new power to the grid. Experts predict it could drive up energy costs,
An above-the-line deduction for charitable giving is expected to generate an estimated $74 billion for nonprofits over a decade.
Trump's tax and spending law will impact education savings, gambling losses and tips. Here's a breakdown of the highlights.
In our latest Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers four questions on the "One Big Beautiful Bill Act"