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What taxpayers need to know about Trump’s big bill: Here are the main tax changes
The almost 900-page bill has plenty to say about taxes, and an array of changes, new credits and deductions are part of the new bill. But at its heart, the bill is about extending the tax provisions passed under the Tax Cuts and Jobs Act of 2017, during Trump’s first administration.
What the IRS Really Knows About Your Income in 2025 – Clear Start Tax Reveals How to Stay Ahead of Surprise Tax Bill
Clear Start Tax explains how income mismatches trigger audits, and what taxpayers can do to stay compliant. IRVINE, CA / ACCESS Newswire / July 16, 2025 / With the IRS expanding its data-matching capabilities through advanced systems like the Information Returns Processing (IRP) platform,
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IRS Raises 401(k) Limits to $23,500 in 2025 – Key Changes in the New Big Beautiful Bill
Americans saving for retirement will benefit from increased contribution limits for their 401(k) accounts in 2025, following a decision by the IRS. However, these adjustments come alongside the sweeping changes brought by the newly signed One Big Beautiful Bill Act,
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What the New Tax Law Changes for Slot Machine Players
Slot machine players just caught a break. The tax law that President Donald Trump signed in early July — the One Big Beautiful Bill Act — quietly raised the federal tax reporting threshold for slot winnings from $1,
6 ways the new tax law could reduce your 2025 taxes
The new tax law makes substantial changes for the 2025 tax year. Here are 6 new tax provisions that could help you save on taxes this year.
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Senate approves disaster tax relief bill, heads to Trump for signature
The U.S. Senate has passed the Filing Relief for Natural Disasters Act, a bipartisan bill sponsored by Sens. John Kennedy, R-La., and Catherine Cortez Masto, D-Nev., that would expand federal tax filing relief to individuals affected by state-declared disasters. The legislation now heads to President Donald Trump’s desk for his signature.
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How You Should Report Tax-Exempt Tip Income to the IRS under the New Tax Plan
The 'One Big Beautiful Bill Act' (OBBBA), signed by President Trump on July 4, 2025, introduces a groundbreaking change for tip-earning workers: the ability to exempt a portion of their tip income from federal income tax.
Trump tax bill fixes huge Las Vegas Strip gambling pain point
The change does not go as far as gamblers wanted, but it does provide much needed relief to a major pain point.
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IRS 401K limits for 2025 rise to $23,500 amid new Big Beautiful Bill changes
IRS 401(k) limits increase to $23,500 in 2025. Here’s how the Big Beautiful Bill reshapes retirement, RMDs, and Roths.
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