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),

About 10 million people will lose their insurance under changes to Medicaid and Obamacare in the GOP megabill — 1 million fewer than previously thought.

Over the next decade, nearly $1 trillion will be cut from Medicaid. Here is what America’s more than 71 million recipients of the health care program need to know about the changes under the 'One Big Beautiful Bill.

As a candidate, Trump promised to lift taxes on overtime. The new law allows workers to deduct up to $12,500 in overtime compensation (for single filers) or $25,000 (for joint filers). This deduction phases out for income levels between $150,000 and $275,000 (for single filers) and $300,000 and $550,000 (for joint filers).

New GOP polling shared with Secrets showed that voters were evenly split on whether the bill was a tax-cutting or spending legislation.

Rallies took place outside Sen. Josh Hawley’s Missouri offices on Monday, July 21, because of his vote on a bill that could cut Medicaid access for thousands.

President Trump signed the reconciliation bill, known as the 'Big, Beautiful Bill', on July 4.The bill made changes to the Supplemental Nutrition Assistance Pr

Buried within the One Big Beautiful Bill Act is a provision that could improve or even save the lives of the 30 million Americans suffering from rare diseases.