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More tax provisions of 'One Big Beautiful Bill'

New 'No Tax on Tips' Bill Approved for 2025: What to Know Now

Note: Now that the No Tax on Tips measure has been signed into law, the new tax deduction for cash tips takes effect for the 2025 tax year. That means eligible workers could claim the deduction when they file their taxes in early 2026 for income earned in 2025. Despite the excitement over this change, there are some things the OBBBA doesn’t cover.

Fox Business on MSN · 3h

'Big, beautiful bill' includes tax breaks for tips and overtime: Who benefits?

The Treasury Department will implement President Donald Trump's tax reform law, which provides deductions for workers' tipped income and overtime pay in the One Big Beautiful Bill Act.

Investopedia on MSN · 19h

4 New Tax Deductions in the 'Big, Beautiful Bill' You Can Take This Year

Tax deductions introduced in the "One Big, Beautiful Bill" could benefit older and working Americans the next time they file taxes.

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 ...

18h

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 / ...

Econostrum on MSN1d

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 ...

Money Talks News on MSN1d

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 ...

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 ...

New Orleans CityBusiness2d

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, ...

Explícame on MSN10d

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 ...

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.

FingerLakes1.com3d

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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