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Soy Nómada on MSNOne, Big, Beautiful Bill does not eliminate Social Security taxes, instead proposes this alternativeThe Trump administration's 'One, Big, Beautiful Bill' promised to end Social Security taxes. However, it doesn't eliminate them but introduces new deductions for seniors, effectively reducing taxes for many.
Over the next decade, nearly $1 trillion will be cut from Medicaid. Here is what America’s more than 71 million recipients of the health care program need to know about the changes under the 'One Big Beautiful Bill.
Form 1099-MISC (for payments not covered by other 1099 forms), and Form 1099-NEC (for nonemployee compensation) have been changed.
As a candidate, Trump promised to lift taxes on overtime. The new law allows workers to deduct up to $12,500 in overtime compensation (for single filers) or $25,000 (for joint filers). This deduction phases out for income levels between $150,000 and $275,000 (for single filers) and $300,000 and $550,000 (for joint filers).
The One Big Beautiful Bill Act is “going to bring Pennsylvania roaring back and American manufacturing roaring back to life,” Vice President JD Vance said Wednesday afternoon to
With the One Big Beautiful Bill Act (OBBBA) signed into law on July 4, this note discusses some of the implications for energy broadly and the energy infrastructure space. Read more
Big changes are coming to Iowans’ taxes, health care, nutrition assistance, energy generation and student loans. Here's what it all means for Iowans.
An above-the-line deduction for charitable giving is expected to generate an estimated $74 billion for nonprofits over a decade.