The new tax cuts and spending law signed by President Trump on July 4 could provide savings for all income groups, an analysis finds.

If you’re banking on tax-free overtime to boost your paycheck, you’re out of luck. Trump’s “big beautiful bill” doesn’t change what you’re paid; it changes what you’re taxed. That happens at tax time, not on payday. Employers will keep withholding taxes as usual, and it’s up to you to apply the deduction — if you qualify — when you file.

Here’s a timeline of when key provisions from the president’s “big, beautiful bill” take effect: Several student loan provisions in the bill will take effect next year. Additionally,