Amid confusion from taxpayers and accountants, the House is quickly moving a bill that lets filers use the tax deductions in ...

CAROLINA FOREST, SC (WMBF) - South Carolina taxpayers will see differences between their federal and state tax filings this year due to the state’s decision not to adopt changes from the federal One ...

Forbes contributors publish independent expert analyses and insights. I cover the intersection of state & federal policy and politics. The experience with the tax bill enacted at the end of President ...

The One Big Beautiful Bill Act was signed into law in July 2025. The Republican tax bill includes new deductions for seniors, car loan interest, tipped income and overtime pay. Provisions of the Tax ...

On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law. It includes two federal tax deductions for a portion of an eligible worker’s tips and overtime earnings.

President Donald Trump's massive tax and spending bill will have vast implications for Illinois taxpayers, with scorekeepers ...

Got questions about the new deductions for tips, overtime, seniors and car loans? Here’s what you’ve been asking—along with my answers—about those, as well as other updated tax provisions. The One Big ...

Legislation passed by Congress will allow the IRS to grant tax relief when a governor declares either a disaster or state emergency rather than waiting for a federal disaster declaration, which may ...

It is tempting to think that the budget conflicts in Washington today are something new and different from an ongoing dialogue going on for at least 25 years and more. The most recent major discussion ...

The One Big Beautiful Bill Act, which President Donald Trump signed into law last week, reduces the federal tax on transfers of firearm sound suppressors, short-barreled rifles, and short-barreled ...