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How tax breaks on overtime, tips work after Donald Trump's 'Big beautiful bill'
Now that President Donald Trump signed the bill, workers will be able to deduct up to $25,000 in reported tips and $12,500 in overtime pay from their taxable income on their federal tax returns. This means you won’t see an immediate boost in your take-home pay — taxes will still come out of your paycheck — but when you file for 2025 early next year,
Democrats see political gift in Trump’s ‘big, beautiful bill’
Democrats say Republicans have given them a political gift in President Trump’s “big, beautiful bill.” They say they can easily sell the bill to the public as a threat to working-class voters, given its cuts to Medicaid and food assistance programs and significant tax breaks for the ultrawealthy.
Sen. Thom Tillis spoke with CNN on his retirement, whether he still supports President Donald Trump, his thoughts on Trump’s ...
Senate Majority Leader John Thune (R-S.D.) is setting up a vote next week to claw back billions of dollars in federal spending — but some Senate Republicans are demanding changes. Why it matters: ...
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A new bill would allow the Pentagon to fast-track the mining of raw materials needed for weapons systems, which proponents ...
The Senate also pulled out a change to the Pell Grant program, which provides federal aid to low-income students to attend ...
Senate Republicans hope they are hours away from passing their massive tax and immigration bill. But the outcome is far from ...
Trump threatened to have his Department of Government Efficiency look into Musk's subsidies as the tech mogul continues to ...
GOP Sens. Rand Paul of Kentucky and Thom Tillis of North Carolina earlier voted no but the surprise was Susan Collins of ...
The House is planning to vote on the Senate-passed version of President Trump's "Big, Beautiful Bill" as soon as Wednesday ...
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Some conservatives called for the parliamentarian to be fired or overruled after she determined a series of policies in the ...
Senate Republicans slog through Trump’s tax bill after overcoming resistance. Lawmakers pushed through for debate the president’s massive tax and immigration bill, but hurdles remain before ...
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