Tag Archive for: president trump administration

Big Beautiful Bill Tax Changes By Income Bracket: Who Gains And Who Loses?

An analysis paints a mixed picture of the "Big Beautiful Bill"—officially known as the One Big Beautiful Bill Act. The sweeping tax overhaul shifts benefits and burdens in surprising ways.

The Child Tax Credit Could Be Worth Over $2,000 Under Republicans’ Spending Plan—But Millions Of Families Would Be Ineligible For Full Benefit

Despite the potential increase that Republican lawmakers are pushing to boost the child tax credit as part of their budget reconciliation plan, approximately 17 million children would still not qualify for the full credit.

New Tax Break Could Give Seniors Up To $6,000 More In Deductions

Americans who are 65 and older will enjoy a hefty new tax break if the massive tax package currently being debated in Congress becomes law,

Seniors May Soon Get A Larger Income Tax Deduction

This proposed benefit, dubbed the “senior bonus,” is part of the One Big Beautiful Bill Act, which was passed by the House in late May. Its goal is to help ease financial strain on retirees—particularly those with moderate incomes.

Eight HSA Changes In The ‘One Big Beautiful Bill’ Could Benefit Retirement Savers

HSAs are getting a glow-up in the pending tax bill. Those 55+ and workers enrolled in Medicare Part A have more opportunity to save for medical costs in retirement.

Five Expiring Tax Breaks That Trump’s New Bill Would Extend — If Not Increase

House Republicans recently introduced a draft bill on May 12, nicknamed “The One, Big, Beautiful Bill,” aimed at renewing and enhancing several provisions from the 2017 Tax Cuts and Jobs Act. Here are five key tax breaks that could stick around — and get a boost — under the new legislation: