Sorting Out The 1 Big Beautiful Bill Act Edition
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If you’re banking on tax-free overtime to boost your paycheck, you’re out of luck. Trump’s “big beautiful bill” doesn’t change what you’re paid; it changes what you’re taxed. That happens at tax time, not on payday. Employers will keep withholding taxes as usual, and it’s up to you to apply the deduction — if you qualify — when you file.
The tax code is becoming charitable to many more donors thanks to changes in the new tax and spending law. That’s going to help nonprofit organizations that rely on donations, and also everyday Americans who are navigating new tax-code complexities within the One Big Beautiful Bill Act that President Donald Trump signed into law on July 4.
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In our latest Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers four questions on the "One Big Beautiful Bill Act"
Washington Examiner on MSN1dOpinion
Energy bills could be big but not beautiful in GOP-led areasWith the One Big Beautiful Bill Act now law, there could be a spike in consumer energy bills in states represented by Republicans.