Here's a look at whether you should be delighted or worried about the bill. (Spoiler: You may want to put away the confetti and noisemakers.)

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.

Big beautiful bill extends tax cuts, rates from 2017. The bill permanently extends the tax cuts introduced in the 2017 Tax Cuts and Jobs Act, which were set to expire this year.

Trump's tax and spending law will impact education savings, gambling losses and tips. Here's a breakdown of the highlights.

Grinnell College would have been the only Iowa school affected by a tax increase on colleges with large endowments in President Donald Trump's budget.

Congressional Republicans are looking to take a second bite of the apple with a ‘big, beautiful bill’ 2.0 in the fall, but fiscal hawks are skeptical that a second bill would provide the steep cuts they are looking for.

Experts and advocates warn that it could have dire consequences for Alabama’s tenuous rural healthcare situation.

Some of the bill’s changes go into effect later this year, while others won’t start until after the midterms in 2026.