New tax breaks for tips, overtime pay and car loans come with strict limits that could leave many Americans out this tax season.

Clocking extra hours in overtime in 2025 turned into some real cash at tax time for more than 25 million filers who claimed the new break on their federal income tax returns. The average deduction ...

Americans got bigger tax refunds following passage of the One Big Beautiful Bill Act, but deficits rose, and the social safety net weakened.

A year after President Trump signed the sweeping tax and spending package, its effects on households, businesses and federal programs are increasingly evident.

One year after passing the One Big Beautiful Bill Act, it no longer seems like the easy win for Republicans to run on in ...

And you may end up with less money in your pocket. Overall benefits are being slashed and fewer homeowners will be eligible. But surprising many, it also cuts payments for the current benefit year ...

The 870-page package, which passed the Senate 51-50 on a tiebreaking vote by Vice President JD Vance on July 1, 2025, and cleared the House 218-214 two days later without a single Democratic vote, ...

One year after President Donald Trump signed his core domestic policy package into law, student loan borrowers are bracing for a major overhaul of the federal lending system that will begin this week.

Major changes to federal student loan rules take effect on Wednesday, July 1, limiting how much Americans can borrow and narrowing their repayment options. The overhaul, made under the 2025 "One Big ...

Salaried employees should know income tax exemption limits for various allowances. Leave Travel Allowance is exempt for self ...

Taxpayers and tax pros have already dealt with many changes from the One Big Beautiful Bill Act on 2025 returns, but many ...