Other highlights include charitable contributions deductions, auto loan interest deduction for certain new vehicles, and increased deductions and credits for families. “Everyday taxpayers who received the standard deduction had no tax planning opportunities under the 2017 TCJA (Tax Cuts and Jobs Act),

The new tax cuts and spending law signed by President Trump on July 4 could provide savings for all income groups, an analysis finds.

Here is what President Donald Trump's massive tax and spending bill could mean for the U.S. economy and your finances.

The IRS standard deduction is getting a major upgrade—and everyday Americans stand to benefit. Thanks to the newly passed One Big Beautiful Bill, taxpayers who previously had no reason to itemize can now access new deductions and credits starting in 2025 and 2026.

Trump's "big, beautiful bill" includes up to $10,000 for interest paid on the car loans of qualified vehicles. Here's a list of vehicles that may qualify:

Range reports that Trump’s “Big Beautiful Bill” offers significant tax changes for high earners, including increased estate tax exemptions and expanded SALT deductions.

Top lobbying firms in Washington reported a surge in cash for the second quarter of the year, as companies, industry groups and others grappled with President Donald Trump's policies and sought to shape his "big,

President Trump's signature legislation includes several tax breaks for manufacturers, including incentives to build factories, make research and development investments, and build AI infrastructure.