An above-the-line deduction for charitable giving is expected to generate an estimated $74 billion for nonprofits over a decade.

The Republicans' tax cut and spending package, dubbed the "big, beautiful bill," includes a tax deduction for car loan interest of up to $10,000 annually for qualified vehicles.

RALEIGH, N.C. — How should the American right view the passage of President Trump’s signature tax and budget law? Is it really, as Republicans came to

Trump promised to eliminate the tax on Social Security benefits in his 2024 campaign, but the bill instead adds a new deduction.

The One Big Beautiful Bill Act is temporarily quadrupling the state and local tax deduction to at least $40,000, up from $10,000, for the next five years. Now it’s up to taxpayers to see if they can take advantage of this extra write-off, which is popularly referred to as the SALT deduction.

Santa Clara County officials fear that Republicans’ “big, beautiful bill” will rip a “seismic tear” in the country’s social safety net as they brace for more than $1 billion in lost federal revenues locally over the next few years.

Following the passage of President Trump's sweeping budget bill, here's some of the biggest changes to student loans.

Great Lakes groups have spent two decades pushing for a new icebreaker, and the hoped-for money was pulled from the final version of the One Big Beautiful Bill.