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.

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

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.

Trump’s "big beautiful bill" includes a temporary $40,000 SALT deduction cap. But the phaseout could trigger a tax surprise for some higher earners.

Many filers won’t be able to take full advantage of expanded deductions in the recently passed tax law.

According to the report, lawmakers came up with this bonus deduction to offset the massive tax bill's no taxes on Social Security benefits. Here's what we know. What's the ‘new

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.)

You now have less than six months to claim a tax break for a heat pump, solar panels, and other expenses to make your abode greener.

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.

The 900-page tax and policy package fulfills several key campaign promises but also makes cuts that could boot millions from health care and food assistance programs.

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.