More tax provisions of 'One Big Beautiful Bill'
Digest more
Range reports that Trump’s “Big Beautiful Bill” offers significant tax changes for high earners, including increased estate tax exemptions and expanded SALT deductions.
As a candidate, Trump promised to lift taxes on overtime. The new law allows workers to deduct up to $12,500 in overtime compensation (for single filers) or $25,000 (for joint filers). This deduction phases out for income levels between $150,000 and $275,000 (for single filers) and $300,000 and $550,000 (for joint filers).
The One Big Beautiful Bill Act, signed into law on July 4, delivers $66B in new agricultural investments over 10 years, strengthening farm safety net programs, enhancing crop insurance, boosting disaster aid,
The IRS Direct File program has been under fire from Republicans in Congress since it began. The program still feels like it’s on its way out.
An analysis by a think tank found that annual household energy costs in the state will increase $110 by 2030 and $410 by 2035.