News

President Donald Trump rolled out the idea for a new tax break on car loans during a 2024 campaign stop in Detroit. Here's how the new law works.
The U.S. Congress has enacted the One Big Beautiful Bill Act (OBBB), formally renamed "An Act to provide for reconciliation pursuant to title II of ...
President Donald Trump's "big beautiful bill" is now law. Here's when no tax on overtime and tips start in Washington state.
On "The Florida Roundup," PolitiFact chief correspondent Louis "Lou" Jacobson breaks down changes to the taxation of Social ...
A gambling losses tax deduction cap in Trump’s “Big Beautiful Bill” is causing an uproar. Here’s what you need to know.
Do you like paying more in taxes than you have to? Probably not. Overpaying on taxes is one of the most common and avoidable ...
Because the deduction starts to phase out for single filers earning over $75,000 and married couples making over $150,000 — ...
Lawmakers like a good acronym about as much they enjoy passing party-line fiscal packages via budget reconciliation.
As part of President Donald Trump’s “Big Beautiful Bill,” tipped workers are now able to exclude tips from their taxable ...
The One Big Beautiful Bill, signed into law on July 4, 2025, includes a discreet but significant change for gamblers: ...
Baker McKenzie practitioners analyze the new international tax provisions enacted as part of the “One Big Beautiful Bill” ...