big beautiful bill, tax cut
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Are we getting a stimulus check in July 2025? Here's status on stimulus check and inflation refund, how to track IRS checks by social security number
Washington — A Trump-backed tax holiday on auto loan interest payments could save middle-class Americans several hundred dollars apiece on new U.S.-built vehicle purchases through 2028, according to industry experts.
About two-thirds of U.S. adults expect the new tax law will help the rich, according to the poll from The Associated Press-NORC Center for Public Affairs Research. Most — about 6 in 10 — think it will do more to hurt than help low-income people. About half say it will do more harm than good for middle-class people and people like them.
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CNET on MSNKey Home Energy Tax Credits End This Year. Act Quickly if You're Considering Solar Panels, Experts SayIncentives for heat pumps and other home energy and efficiency investments are also expiring early after changes made by Congress and President Trump.
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The Texas Tribune on MSN1.7 million Texans could lose health coverage under expiring tax credits, ACA changes in GOP megabillHaving never expanded Medicaid, Texas avoided most of the looming federal cuts other states will face. But the Affordable Care Act is a different story.
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Instead of paying up, wealthy expats are getting out—sparking questions about whether the move will raise any money at all.
"Each state has its own rules and restrictions, and many start the back-to-school tax holidays around the first weekend of August," Worley added. Alabama kicks off early, running from July 18-20. Shoppers can get tax-free clothes up to $100 per item, plus computers and tablets under $750. These are "sizable savings," Worley noted.
The OBBA did not change the federal tax rates imposed on the taxable portion of estates. They’re set on a graduated scale, from 18% to 40% with the initial portion above the exemption level taxed at 18%, the next portion at 20% and so on up to 40%, which is well below the 55% top rate that applied in 2001.