The tax cuts were significant, but they weren’t the biggest in U.S. history — which was a phrase Trump has often used to inaccurately describe his 2017 tax cut law. The 2025 tax cuts rank either third ...

The One Big Beautiful Bill Act introduces a temporary $6,000 tax deduction for seniors, aiming to ease financial burdens.

It’s also not entirely what Trump claimed. The president made a campaign pledge last year to do away with taxes on tips and “end all taxes on overtime.” Democratic opponent Kamala Harris supported a ...

The exact dollar amount you'll save depends on several factors, including your annual income and tax filing status. A Council ...

The Trump bill — which was enacted in early July — introduces an additional tax deduction for taxpayers who are 65 or older.