IRS New Tax Legislation

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Here's How Trump's Tax Bill Will Affect Social Security Taxes

Key Points The "big, beautiful bill" provides a deduction, but doesn't eliminate the federal tax on Social Security.The amount you owe in federal taxes on Social Security depends on income.State taxes still apply to Social Security regardless of the federal tax rules.

· 3d · on MSN

4 New Tax Deductions in the 'Big, Beautiful Bill' You Can Take This Year

· 2d · on MSN

'Big, beautiful bill' includes tax breaks for tips and overtime: Who benefits?

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What the 'One Big Beautiful Bill' will change for students, schools and colleges

In just six months, the Trump administration and Republican-controlled Congress have brought lasting change – and enormous unpredictability – to federal education policy.

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How the ‘big, beautiful bill’ will deepen the racial wealth gap – a law scholar explains how it reduces poor families’ ability to afford food and health care

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5 stories reveal how ‘Big Beautiful Bill’ disrupts NC schools and finances

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How the Passage of the ‘Big, Beautiful Bill’ Could Impact Med Students and Hospitals

“They’re concerned about whether or not they’re going to be able to afford this and how they’re going to be able to afford it and what terms are going to be out there if you go into the private secto...

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Here's your potential tax cut in 2026 from the One Big Beautiful Bill Act

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Readers speak: Horrified by the ‘Big Beautiful Bill’ and those who voted for it

Axios on MSN1d

Big Beautiful tax relief: IRS outlines new tax deductions part of Trump megabill

Starting next year, millions of Americans — from restaurant servers to retirees — could receive lower tax bills under President Trump's recently signed tax legislation. Why it matters: The sweeping law locks in Trump-era tax cuts and rolls out a fresh set of deductions,

Bankrate on MSN1d

Freelance, self-employed and gig workers: Here are 5 key provisions you should know about in the new tax law

The massive new tax law brings several tax-law changes for self-employed, freelance and gig workers, including some that should lower their tax bills.

What the IRS Really Knows About Your Income in 2025 – Clear Start Tax Reveals How to Stay Ahead of Surprise Tax Bill

Clear Start Tax explains how income mismatches trigger audits, and what taxpayers can do to stay compliant. IRVINE, CA / ACCESS Newswire / July 16, 2025 / With the IRS expanding its data-matching capabilities through advanced systems like the Information Returns Processing (IRP) platform,

Econostrum on MSN4d

IRS Raises 401(k) Limits to $23,500 in 2025 – Key Changes in the New Big Beautiful Bill

Americans saving for retirement will benefit from increased contribution limits for their 401(k) accounts in 2025, following a decision by the IRS. However, these adjustments come alongside the sweeping changes brought by the newly signed One Big Beautiful Bill Act,

6 ways the new tax law could reduce your 2025 taxes

The new tax law makes substantial changes for the 2025 tax year. Here are 6 new tax provisions that could help you save on taxes this year.

Explícame on MSN12d

How You Should Report Tax-Exempt Tip Income to the IRS under the New Tax Plan

The 'One Big Beautiful Bill Act' (OBBBA), signed by President Trump on July 4, 2025, introduces a groundbreaking change for tip-earning workers: the ability to exempt a portion of their tip income from federal income tax.