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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,
President Donald Trump's massive tax and spending package levies a hefty tax on the universities with the largest endowments.
On 3 July 2025, the House passed the Senate’s version of H.R. 1, the budget reconciliation bill formerly known as the “One ...
New law cuts Consumer Financial Protection Bureau’s funding cap by 46%, saving $2 billion, Republicans say. GOP argues the ...
Thursday's markup of three spending bills could include debate on funding for weather forecasting in the aftermath of recent ...
Jodi Grant from the Afterschool Alliance joins ABC News Live to discuss how the passing of the Trump's ‘big, beautiful bill’ ...
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President Trump’s reciprocal tariff pause deadline is Wednesday and his economic team says Americans can expect some major ...
Federal budget bill slashes spending on Neighborhood Access and Equity Program. Big grant for Emerald Trail in Jacksonville ...
Senior citizen advocates claim a partial win after the governor protected a policy that financially rewards the ...
Trump’s budget bill stacks the tax odds against gamblers. Starting in 2026, gamblers will only be able to deduct 90% of their ...
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Republicans' sweeping spending bill has passed Congress; here's what to know about any plans for a stimulus check.
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