Trump, American businesses and One Big Beautiful Bill
Digest more
1d
FOX 5 DC on MSN'Big, beautiful, bill' car loan interest tax deduction: These brands, models may qualifyTrump'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:
House Republicans celebrate immigration enforcement funding in Trump's bill, highlighting detention capacity, border wall construction and enforcement measures.
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 "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.
1don MSN
The law will also "increase by 10 million the number of people without health insurance" over the coming decade, the nonpartisan Congressional Budget Office estimated.
In a couple of months, tipped employees will be able to deduct a portion or all of their tips from federal income taxes. Here's how it works
2don MSN
Green energy proponents are rushing to complete projects after the recently passed federal budget bill set expiration dates for tax credits that had spurred investment in technologies including electric vehicles and solar installations.