President Donald Trump signed into law P.L. 119-21, the “One Big Beautiful Bill Act” (OBBBA), enacting significant changes to the US ...

A new law called One Big Beautiful Bill Act (OBBBA) brings tax breaks. It fulfills former President Trump's promises.

As part of President Donald Trump’s “Big Beautiful Bill,” tipped workers are now able to exclude tips from their taxable ...

The qualified small business 1202 stock exemption is a $10 million exclusion that seems too good to be true and is often ...

President Donald Trump’s “big beautiful bill” includes key tax changes that are effective for 2025. Here is how they could ...

The One Big Beautiful Bill (“OBBB”), signed by President Trump on July 4, 2025, allows workers (subject to dollar and income limitations) to ...

President Donald Trump’s “big beautiful bill” includes a section for “no tax on tips.” Now that the provision is enacted, ...

Millions of U.S. workers who earn tips and overtime pay may be eligible for a federal tax break when they file their 2025 ...

OBBBA promises new tax breaks for tips, overtime, and car loan interest—but hidden limits and fine print mean many taxpayers ...

Now that President Donald Trumps 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.

A "Trump Deduction" could offer a simpler alternative to tax-free tips and overtime pay while still fulfilling the president's campaign promise with less budget impact.