Trump, tax law and SALT deduction
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Trump's tax and spending law will impact education savings, gambling losses and tips. Here's a breakdown of the highlights.
An above-the-line deduction for charitable giving is expected to generate an estimated $74 billion for nonprofits over a decade.
Grinnell College would have been the only Iowa school affected by a tax increase on colleges with large endowments in President Donald Trump's budget.
The legislation creates tax credits for individuals up to $1,700 when they donate money to programs that support school choice. But it includes a provision allowing governors to decide against
13hon MSN
The One Big Beautiful Bill Act is temporarily quadrupling the state and local tax deduction to at least $40,000, up from $10,000, for the next five years. Now it’s up to taxpayers to see if they can take advantage of this extra write-off, which is popularly referred to as the SALT deduction.
Here’s what polls showed of Trump's approval rating after the president’s mega tax and spending bill was passed. Readers, here's a poll for you.
Trump's One Big Beautiful Bill Act created federal work requirements for Medicaid recipients, which amount to 80 hours a month in community engagement activities to maintain eligibility.