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

Both the tips and overtime deductions phase out at higher incomes. The range is wide for tips—$150,000 to $400,000 for single filers and $300,000 to $550,000 for joint filers. It differs slightly for overtime, from $150,000 to $275,000 for single filers and $300,000 to $550,000 for joint filers.

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.

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.

The new GOP tax law quadruples how much people can deduct in state and local taxes off their federal returns, offering significant relief to high earners in many Democratic-led states by partially undoing a big change in President Donald Trump’s 2017 law.

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.

Senate Republicans are rejecting an attempt to reverse a provision from their new tax law that changes the taxation of gambling winnings

The bill, ushered through Congress by Republican leadership and signed by Trump Friday, includes $4.5 trillion in tax cuts, slashes spending on Medicaid, and creates temporary tax deductions for overtime and tipped income. It includes $170 billion for immigrant detention and for new personnel for Immigration and Customs Enforcement.

A group of Maryland lawmakers is calling on the IRS to expedite federal tax refunds for individuals who are facing financial challenges.