The Taxman Still Cometh, But May Take Away Less

When Uncle Sam comes knocking at your door this April, you may owe him less than you think. If you’re lucky, he might even deliver a refund, one that’s bigger than you expect. That’s because taxpayers this year are filing returns in the aftermath of the One Big Beautiful Bill Act, which delivers on a variety of President Trump’s 2024 campaign promises, such as eliminating taxes on tips and Social Security, even though Congress watered them down somewhat before sending the legislation to the Oval Office fo ...