Trump, Social Security and Pay Taxes
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Lawmakers noted their letter comes as “recent IRS staffing challenges caused by the Trump Administration” have complicated the processing of outstanding tax refunds.
Trump’s tax and spending bill does not eliminate taxes on Social Security, overtime and tip income, but merely provides temporary tax deductions
1don MSN
President Donald Trump’s ‘big beautiful bill’ delivers a temporary higher limit on the federal deduction for state and local taxes, known as SALT.
Whether you were in favor of President Donald Trump’s One Big Beautiful Bill or against it, what is important now is how the new legislation will affect you. It can pay to dig a bit deeper into the details in order to avoid any unpleasant surprises — and even to enjoy some tax advantages resulting from the new law.
Trump's tax and spending law will impact education savings, gambling losses and tips. Here's a breakdown of the highlights.
Here’s what polls showed of Trump's approval rating after the president’s mega tax and spending bill was passed by Congress and signed into law.
President Donald Trump's tax and spending bill revives and expands homeowner tax breaks — while making the current mortgage interest deduction cap permanent.
President Trump's 'big beautiful bill' will provide a boost to the economy in the near term but just a tiny bump over the long run, forecasters say.
Right-wing Brazilians wanted sanctions against the judge prosecuting Brazil’s former president. President Trump opted for something far bigger — tariffs.
U.S. manufacturers secured the business tax provisions they’d hoped for in Donald Trump’s budget megabill, but the president’s erratic trade policy risks tempering any pronounced pickup in capital investment.
If you’re banking on tax-free overtime to boost your paycheck, you’re out of luck. Trump’s “big beautiful bill” doesn’t change what you’re paid; it changes what you’re taxed. That happens at tax time, not on payday. Employers will keep withholding taxes as usual, and it’s up to you to apply the deduction — if you qualify — when you file.