Maskot | Maskot | Getty Images This tax season, some families could see a bigger tax break for their children due to changes from President Donald Trump‘s “big beautiful bill.” Enacted in July, Trump’s legislation permanently increased the maximum child tax credit to $2,200 per child for 2025, up from $2,000. That value will be…
With tax season approaching, millions of workers could soon claim the “no tax on tips” deduction, which offers a tax break for returns filed in 2026. But some experts question which workers will benefit from the policy. Enacted via President Donald Trump‘s “big beautiful bill,” the provision allows certain workers to deduct up to $25,000…
U.S. President Donald Trump talks to reporters as he departs the White House on July 25, 2025 in Washington, DC. Trump is traveling to his Balmedie golf courses in Scotland this week. Chip Somodevilla | Getty Images President Donald Trump said the administration is considering a rebate for some consumers from revenue raised by higher…
