Tax Exemption, Beautiful Bill
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The One Big Beautiful Bill reshapes taxes, student loans, and child support. Discover how it impacts you and share your thoughts
The One Big Beautiful Bill Act, signed into law on July 4, delivers $66B in new agricultural investments over 10 years, strengthening farm safety net programs, enhancing crop insurance, boosting disaster aid,
President Donald Trump signed H.R. 1 into law, the budget reconciliation bill known as the One Big Beautiful Bill Act (the Act).
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New law reduces the number of federal student loan repayment options and caps how much individuals can borrow for higher education.
The full impact of the cuts on schools and students remains unclear. With less than a month before school starts, it's unclear if students who were previously eligible for free meals will still be able to receive that food.
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.
One health policy professor said cutting Medicaid and similar programs "will be devastating" to millions of Americans.
OBBB Act updates key tax rules for condo owners, including higher standard deductions, a $750,000 mortgage interest limit, and a $40,000 SALT cap. Owners should consult tax professionals and update offering plans accordingly.