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Tax Breaks: The Tax Community Talks About The One Big Beautiful Bill Act Edition

Plus: Social Security ends paper checks, Live Aid, changes to Forms 1099, filling out Form W-9, national debt costs, filing ...

Will 'Big Beautiful Bill' drive up energy costs? How much more your utilities could cost

The "One Big Beautiful Bill" is phasing out energy tax credits that Iowa utilities rely on. Here's how much those changes ...
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One, Big, Beautiful Bill does not eliminate Social Security taxes, instead proposes this alternative

The Trump administration's 'One, Big, Beautiful Bill' promised to end Social Security taxes. However, it doesn't eliminate ...

Trump's 'big beautiful bill' is projected to add $3.4 trillion to the debt, budget office says

President Donald Trump’s "big beautiful bill" will add $3.4 trillion to the U.S. national debt over the next decade, ...

How the 'big, beautiful bill' gives American babies a financial head start for their future

Millions of American babies are eligible for "Trump Accounts" under the One Big Beautiful Bill Act that was signed into law ...
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PolitiFact answers reader questions about the Big Beautiful Bill

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 ...