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),

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

Both parties are planning to make the sweeping tax cut and spending measure an issue in this year’s gubernatorial races in Virginia and New Jersey.

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.

The CBO study also warns of trillions of dollars in additional economic impacts, saying President Donald Trump’s recently enacted tax and spending law will add trillions of dollars plus interest to the federal deficit.

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.

The "One Big Beautiful Bill" is phasing out energy tax credits that Iowa utilities rely on. Here's how much those changes could increase your bill.