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Donald Trump, Tax cut

The Washington Post on MSN · 6h

Trump’s tax law includes a $40,000 SALT cap. Here’s who qualifies.

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.

CNBC on MSN · 3h

Trump's 'big beautiful' bill boosts the maximum child tax credit to $2,200—here's who qualifies

One provision is an increase to the maximum child tax credit, raising it from $2,000 per eligible child to $2,200 beginning in 2026. The 2017 Tax Cuts and Jobs Act temporarily increased the credit from $1,000 to $2,000, but was set to expire after 2025 without action from Congress.

USA TODAY · 5h

How tax breaks on overtime, tips work after Donald Trump's 'Big beautiful bill'

Now that President Donald Trump signed the bill, workers will be able to deduct up to $25,000 in reported tips and $12,500 in overtime pay from their taxable income on their federal tax returns.

Medicaid Cuts and New Tax Burden for Gamblers

Bloomberg L.P. · 1d

Trump’s Tax Bill Will Add Trillions to the US Debt. Does It Matter?

The federal budget deficit is back in the spotlight after the Republican-controlled Congress approved a massive tax and spending package on July 3 aimed at realizing President Donald Trump’s domestic agenda.

Self Employed on MSN · 1d

Tax changes and cuts in Trump’s bill

Congress passed President Donald Trump’s “big, beautiful bill” last week. The bill extends tax cuts and introduces new measures like a senior “bonus” and increased state and local tax deductions. Financial advisor Kathryn McCall says the impact will depend on household income levels.

Hosted on MSN · 1d

Trump’s Spending Bill: Medicaid Cuts and New Tax Burden for Gamblers

President Trump's ambitious tax and spending bill has sparked controversy, particularly in healthcare and gambling sectors. With significant Medicaid cuts threatening rural health services and a new tax burden on gamblers,

5hon MSN

What is the Johnson Amendment? What to know as IRS changes tax exemptions

A reinterpretation of a tax rule signals that houses of worship may now be able to endorse political candidates without ...

2h

Ford Says Battery Plant’s Tax Break Survived Republican Attacks

Slight changes to the big policy bill left the factory’s tax credits intact, according to the carmaker, which will use the ...

10hon MSN

Running a small business with tax debt? Here are the relief options that can help.

Certain tax relief strategies can help small business owners resolve IRS debt without having to close, experts say.

1hon MSN

The SALT deduction is now much more generous. Here’s how to get the most out of the tax break.

A deduction to defray homeowners’ state income taxes and local property taxes is getting much more generous, following fierce ...

3hon MSN

Lorain County sales tax increase proposal for sheriff’s budget hits legal snag

Lorain County Commissioners have delayed final approval of a proposed 0.25% sales-and-use tax increase after the county ...

11hon MSN

Automakers push EV sales as $7,500 US tax credit is set to end

By Nora Eckert and Abhirup Roy DETROIT (Reuters) -Automakers are urging customers to snap up electric vehicles before a ...

2h

Trump’s Tax Bill Is Now Law. Financial Advisors Highlight Key Changes for Investors.

Wealth managers see a lot to like in President Donald Trump’s newly passed policy bill, especially for wealthier clients.

10hon MSN

DIY vs. professional tax resolution: Which one is right for you?

Not sure if a DIY or professional tax resolution is more appropriate for your situation? Here's what to consider.

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