Trump, bill and the Big Beautiful
Digest more
Congress has created a new student loan repayment plan, called RAP. Here's what to know about the option, which will be available next summer.
House Republicans spoke with Fox News Digital about how billions of dollars of new spending in President Trump's "big, beautiful bill" will affect his border and immigration crackdown.
How Trump's budget reconciliation package, set for full implementation in 2026, will affect healthcare for vulnerable populations — what you need to know.
3h
FOX 5 DC on MSN'Big, beautiful, bill' car loan interest tax deduction: These brands, models may qualifyTrump's "big, beautiful bill" includes up to $10,000 for interest paid on the car loans of qualified vehicles. Here's a list of vehicles that may qualify:
Give children born in the United States between 2025 and 2028 seed money from the federal government in the amount of $1,000 in their accounts. Supporters of Trump Accounts say eligible children can have one opened for them as early as July 2026.
As a candidate, Trump promised to lift taxes on overtime. The new law allows workers to deduct up to $12,500 in overtime compensation (for single filers) or $25,000 (for joint filers). This deduction phases out for income levels between $150,000 and $275,000 (for single filers) and $300,000 and $550,000 (for joint filers).
President Trump's signature legislation includes several tax breaks for manufacturers, including incentives to build factories, make research and development investments, and build AI infrastructure.
Other highlights include charitable contributions deductions, auto loan interest deduction for certain new vehicles, and increased deductions and credits for families. “Everyday taxpayers who received the standard deduction had no tax planning opportunities under the 2017 TCJA (Tax Cuts and Jobs Act),