Trump's tax and spending law will impact education savings, gambling losses and tips. Here's a breakdown of the highlights.

Trump promised to eliminate the tax on Social Security benefits in his 2024 campaign, but the bill instead adds a new deduction.

An above-the-line deduction for charitable giving is expected to generate an estimated $74 billion for nonprofits over a decade.

The Space Coast stands to be among the nation’s spaceports that can now take advantage of tax-free bonds allowed for the first time after Trump last week signed what he’s been calling

Trump's new tax law, known as the "One, Big, Beautiful Bill," brings significant changes for Americans, especially older adults. While it offers tax breaks that could save retirees thousands, it also poses long-term challenges for the Social Security program.

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.

President Trump's 'Big, Beautiful Bill' fulfills one of his campaign promises: no taxes on tips or overtime pay. But workers won't see those changes right away.