The passage of the One Big Beautiful Bill Act has many excited for extensions from the 2017 ... There may also be an opportunity to utilize a non-grantor trust that leverages the SALT deduction while being mindful of tax brackets and phase-outs.

President Donald Trump signs his signature bill of tax breaks and spending cuts at the White House on July 4. ©Evan Vucci In an era when gridlock often gets more attention than results, the One Big Beautiful Bill Act stands out as a major win for the ...

Jaspreet Singh of Minority Mindset is known for giving practical, no-nonsense money advice to Americans. He recently shared his views on Trump’s One Big Beautiful Bill Act, which includes changes to both corporate and personal income tax laws,

In tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.

OneSpartanburg hosted an information session about the bill; audience members raise questions about cuts to Medicaid and clean energy tax incentives

Progressives reflexively denounce tax cuts and spending cuts as “giveaways to the wealthy” or “stealing from the poor.” So, take it with a grain of salt when House Minority Leader Hakeem Jeffries, D-N.