Trump, tax break
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So, Trump’s “no tax on overtime” law could mean bigger federal tax refunds for many middle-income workers across the Mid-Atlantic, especially in industries like healthcare, manufacturing, and construction where extra hours are common. But don’t expect your weekly paycheck to grow. The savings will come when you file your 2025 taxes in early 2026.
Lawmakers noted their letter comes as “recent IRS staffing challenges caused by the Trump Administration” have complicated the processing of outstanding tax refunds.
Trump’s tax and spending bill does not eliminate taxes on Social Security, overtime and tip income, but merely provides temporary tax deductions
President Trump's 'big beautiful bill' will provide a boost to the economy in the near term but just a tiny bump over the long run, forecasters say.
President Donald Trump's tax and spending bill revives and expands homeowner tax breaks — while making the current mortgage interest deduction cap permanent.
Right-wing Brazilians wanted sanctions against the judge prosecuting Brazil’s former president. President Trump opted for something far bigger — tariffs.
Trump's tax and spending law will impact education savings, gambling losses and tips. Here's a breakdown of the highlights.
A set of provisions tucked into President Donald Trump’s new tax-and-spending law has real estate developers and affordable housing proponents cheering – though some view it as a bittersweet victory.The law makes significant changes to the Low-Income Housing Tax Credit,
U.S. manufacturers secured the business tax provisions they’d hoped for in Donald Trump’s budget megabill, but the president’s erratic trade policy risks tempering any pronounced pickup in capital investment.
Here’s what polls showed of Trump's approval rating after the president’s mega tax and spending bill was passed by Congress and signed into law.