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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. This means you won’t see an immediate boost in your take-home pay — taxes will still come out of your paycheck — but when you file for 2025 early next year,
The nonpartisan Congressional Budget Office is required by law to provide economic analyses on major legislation.
Trump's new law offers tax breaks for families but slashes healthcare and food aid. Here's what parents need to know about ...
The One Big Beautiful Bill Act provides more opportunities for enrollees to fall through the cracks by adding red tape, ...
Republicans and Democrats have been arguing for months about the pros and cons of President Donald Trump’s One Big Beautiful ...
Planned Parenthood could be forced to close hundreds of its clinics if the Republicans’ reconciliation bill is signed into ...
The "One Big Beautiful Bill Act," signed by President Trump last week allocates more funding to deportation efforts and less ...
The Congressional Budget Office said the Senate version of the One Big Beautiful Bill Act will add some $3.3 trillion to deficits over the next decade.. The new numbers, which came after ...
If there is one thing presidents of both parties can agree on, it’s that the Congressional Budget Office causes them ...
The congressional Republican bill will cause millions of low-income Americans to lose Medicaid coverage in order to fund tax ...
The House passed the “One Big Beautiful Bill Act” on July 3, which includes sweeping changes to healthcare and some pharma-related provisions.
Gov. Josh Stein said the bill could result in more than 500,000 people in NC losing health coverage and leave 1.4 million ...
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