Top 5 Business Cuts In The Big Beautiful Bill
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The "One Big, Beautiful Bill" increases two significant tax deductions, but cuts clean energy tax credits for the 2025 tax year.
The Treasury Department will implement President Donald Trump's tax reform law, which provides deductions for workers' tipped income and overtime pay in the One Big Beautiful Bill Act.
KEY TAKEAWAYS The 'One Big, Beautiful Bill' introduced several new tax deductions, some of which will apply to the money you're making this year.Under the new law, taxpayers can deduct most of what they earn in tips and overtime,
The IRS Direct File program has been under fire from Republicans in Congress since it began. The program still feels like it’s on its way out.
Republicans, including Senate Minority Leader John Braun, have cheered on the bill for offering tax breaks to middle-class residents.
President Trump vowed to end taxes on Social Security, but the One Big Beautiful Bill stops short of fulfilling that promise.
An analysis by a think tank found that annual household energy costs in the state will increase $110 by 2030 and $410 by 2035.