Tax Credit vs Tax Deduction

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Trump, tax deduction and beautiful bill

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· 1d · on MSN

There’s a new tax deduction for car loans in Trump’s ‘big, beautiful bill.’ Here’s who’s eligible—and what’s the catch

However, auto owners can only claim this benefit on certain qualified vehicles.

mlive · 3d

Here’s how Trump’s spending bill will impact your money: child tax credit, no tax on tips and more

· 1d

Car Loan Interest Tax Break: Who Qualifies Under The Big Beautiful Bill?

· 18h

Here’s where the new $40,000 SALT deduction in Trump’s big bill helps homeowners the most

President Donald Trump’s new tax law creates both winners and losers — and certain homeowners are poised to win big from the law’s higher deduction for state and local taxes.

· 21h

How will no tax on overtime work? Here’s what Trump’s BBB means for your paycheck, taxes

· 21h

What Trump's 'Big Beautiful Bill' means for you

· 1d

How tax breaks on overtime, tips work after Donald Trump's 'Big beautiful bill'

The tax break sounds universal, but it’s slanted toward middle- and higher-income earners — workers who owe enough federal income tax for the deductions to make a real difference.

· 2d

After Trump’s bill, what’s in store for the midterms?

· 1d

How the GOP Beat Democrats to a Child Care Win

SALT, tax deduction

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· 21h

The SALT deduction is now much more generous. Here’s how to get the most out of the tax break.

The focus on the write-off is now coming from homeowners deciding if they should use the deduction to their advantage for the first time in years.

· 2h · on MSN

Who will — and won’t — benefit from the bigger SALT deduction

· 2d · on MSN

SALT Deduction 2025: Three Things to Know Now

19h

Here’s how the Trump tax bill will impact Colorado, from Medicaid to new tax breaks to energy credits

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.

National Mortgage News1d

What the new tax law means for lenders, borrowers

The "One Big Beautiful Bill" is full of wins for homeowners and builders. But its effects on lenders and borrowers is more unclear.

2don MSN

Have a mortgage? Trump’s tax law might give you new deductions.

Reinstated mortgage insurance premium deductibility and a higher cap on state and local tax deductions could change whether homeowners claim these tax breaks.

WWNO2d

Fortified roofs: What homeowners should know as tax credit takes effect

Louisiana homeowners can now get a $10,000 tax credit if they install a fortified roof on their home. Lawmakers passed, and Gov. Jeff Landry signed Act 404, which created the individual income tax credit.