Sorting Out The 1 Big Beautiful Bill Act Edition
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President Donald Trump ’s ‘big beautiful bill’ delivers a temporary higher limit on the federal deduction for state and local taxes, known as SALT. But the phaseout, or income-based benefit reduction, could trigger a tax surprise for some higher earners, experts say.
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Soy Nómada on MSNCould the Trump bill mean higher taxes for middle-class homeowners?Signed on July 4, 2025, the ‘One Big Beautiful Bill Act’ extends Trump-era tax cuts but limits SALT deductions—potentially raising taxes for middle-class homeowners. Here's how it could affect your wallet.
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PCMag on MSNInterested in Clean-Energy Tax Credits? The Clock Is Ticking Thanks to Trump’s 'Big Beautiful Bill'You now have less than six months to claim a tax break for a heat pump, solar panels, and other expenses to make your abode greener.
Every dollar saved on taxes over the new few years could help offset the impact of the numerous safety-net cuts.
The tax and spending package includes $66.4 billion in new money for programs assisting farmers, strengthening the safety net if there is significant volatility in crop prices and revenues.
Republicans' "big, beautiful bill" reinstated lower royalty rates for energy production, requires regular oil lease sales and phases out electric vehicle and clean energy tax credits
Arizonans will see major changes to Medicaid, tax cuts and food stamps after Trump's Big Beautiful Bill passed. The Gaggle dives into the details.