How your income taxes will change after Trump signs the ‘big, beautiful bill’ into law

Jul 4, 2025 - 08:00
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How your income taxes will change after Trump signs the ‘big, beautiful bill’ into law
With the GOP’s “big, beautiful bill” headed to President Trump’s desk for signature Friday, wealthy Americans are poised to receive significant tax breaks partly offset by steep cuts to social welfare programs.  The bill makes 2017 tax breaks from Trump’s first term permanent, while adding some new tax breaks, like no taxes on tips up…