Some of the measures are effective immediately, while others don’t kick in for several years – notably, after the 2026 midterm elections.

The One Big Beautiful Bill Act is temporarily quadrupling the state and local tax deduction to at least $40,000, up from $10,000, for the next five years. Now it’s up to taxpayers to see if they can take advantage of this extra write-off, which is popularly referred to as the SALT deduction.

You now have less than six months to claim a tax break for a heat pump, solar panels, and other expenses to make your abode greener.

Big beautiful bill extends tax cuts, rates from 2017. The bill permanently extends the tax cuts introduced in the 2017 Tax Cuts and Jobs Act, which were set to expire this year.

Trump's tax and spending law will impact education savings, gambling losses and tips. Here's a breakdown of the highlights.

Grinnell College would have been the only Iowa school affected by a tax increase on colleges with large endowments in President Donald Trump's budget.

Congressional Republicans are looking to take a second bite of the apple with a ‘big, beautiful bill’ 2.0 in the fall, but fiscal hawks are skeptical that a second bill would provide the steep cuts they are looking for.

The tax and spending package includes $66.4 billion in new money for programs assisting farmers, strengthening the safety net if there is significant volatility in crop prices and revenues.