News

Trump's tax law offers big changes for your finances. Here's when they start
Trump's tax and spending law will impact education savings, gambling losses and tips. Here's a breakdown of the highlights.
How Trump’s big bill makes it easier for all Americans to get a tax break for charitable donations — not just rich people
An above-the-line deduction for charitable giving is expected to generate an estimated $74 billion for nonprofits over a ...
Grinnell College braced for a huge tax hike under GOP bill. Instead, it'll get a tax cut
Grinnell College would have been the only Iowa school affected by a tax increase on colleges with large endowments in ...
States have flexibility to opt out of school choice tax credits in new bill
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 ...
The new $40,000 cap on SALT deductions in Trump’s big bill aids homeowners most in these cities
The One Big Beautiful Bill Act is temporarily quadrupling the state and local tax deduction to at least $40,000, up from ...
President Trump approval rating sees drop after tax bill passes. What say you Illinois?
Here’s what polls showed of Trump's approval rating after the president’s mega tax and spending bill was passed. Readers, ...
Medicaid will undergo significant changes due to the 'big, beautiful, bill'
Trump's One Big Beautiful Bill Act created federal work requirements for Medicaid recipients, which amount to 80 hours a ...