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.

President Donald Trump ’s ‘big beautiful bill’ delivers a temporary higher limit on the federal deduction for state and local taxes, known as SALT. But the phaseout, or income-based benefit reduction, could trigger a tax surprise for some higher earners, experts say.

The megalaw reduces the number of federal student loan repayment options and places a cap on how much individuals can can borrow for higher education.

President Donald Trump's tax bill, signed into law July 4, reduces how much in losses a gambler can deduct. Here's how the changes will work.

Many filers won’t be able to take full advantage of expanded deductions in the recently passed tax law.

A new $6,000 tax break for Americans aged 65-plus could offer relief, but some may see little benefit. Here’s who will benefit the most.

Democratic Party officials are looking at the Big Beautiful Bill as a political gift and hoping voters view cuts to social spending negatively. But the party faces challenges ahead of the midterms, including a Republican trifecta and a base questioning if party leadership is doing enough to challenge President Trump.