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Paulick Report on MSNNTRA To Host Webinar On Big Beautiful BillNTRA To Host Webinar On Big Beautiful Bill originally appeared on Paulick Report.
So, Trump’s “no tax on overtime” law could mean bigger federal tax refunds for many middle-income workers across the Mid-Atlantic, especially in industries like healthcare, manufacturing, and construction where extra hours are common. But don’t expect your weekly paycheck to grow. The savings will come when you file your 2025 taxes in early 2026.
President Trump vowed to end taxes on Social Security, but the One Big Beautiful Bill stops short of fulfilling that promise.
Rolling back the green energy subsidies will help pay for President Donald Trump’s tax cuts and policy priorities, including more border security. So, the electric vehicle tax credit will now end
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).
Experts are now debating if the elimination will significantly hurt the industry or if solar adoption developed such momentum that it will continue to grow on its own. Trump’s bill won’t go into effect until Dec.
Republicans, including Senate Minority Leader John Braun, have cheered on the bill for offering tax breaks to middle-class residents.
2don MSN
GOP chair Michael Whatley touts Trump's domestic policy package as the embodiment of Republican promises on economy, border security and defense ahead of the 2026 midterm elections