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X @The Wall Street Journal
President Trump’s big tax-and-spending law includes new restrictions on how much students can borrow and how they repay. Here’s a guide to what is changing. https://t.co/eYLzViayc2 ...
X @The Wall Street Journal
The new tax-and-spending law runs 887 pages, changing how everything from estates to car loan interest is taxed.Take our quiz to test your knowledge of what’s in the law. https://t.co/U3sK906RM3 ...
X @Bloomberg
Bloomberg· 2025-07-10 14:50
A set of provisions tucked into President Donald Trump’s new tax-and-spending law has real estate developers and affordable housing proponents cheering – though some view it as a bittersweet victory https://t.co/Qb0QDOZpA1 ...
Changes to bonus depreciation: Here's what taxpayers need to know
CNBC Television· 2025-07-10 12:28
Tax Law Impact on Private Jet Industry - New tax law allows immediate write-off of the entire purchase price of private jets, known as bonus depreciation [1] - Bonus depreciation, originally passed in 2017, was brought back, enabling companies to write off 100% of the purchase price of capital equipment, including private jets used for business [1] - The full purchase price of a private jet can be written off on taxes in the year of purchase, retroactive to January of this year [2][3] Conditions and Implications - The jet must be used for qualified business activities, not personal use [2] - The benefit applies to both new and pre-owned planes [2] - For example, a $10 million Gulfstream purchase can deduct the entire $10 million from taxable income [3] Market Outlook - Brokers anticipate a demand spike starting in September due to the tax change [4] - The private jet industry had been slowing after peak demand [3]
Tax Law & Tariff Update - 7/8/25 | Market Sense | Fidelity Investments
Fidelity Investments· 2025-07-09 19:59
Market Overview & Key Topics - Fidelity's Market Sense discusses the passage of the tax and spending bill and ongoing tariff negotiations [1] - The discussion includes the latest happenings in the markets as the second half of 2025 begins [1] Fiscal Policy & Legislation - The program covers topics such as the "Big Beautiful Bill," tariffs, and tax cuts [1] - Specific legislation mentioned includes TCJA (Tax Cuts and Jobs Act) and SALT (State and Local Tax) [1] Social Programs & Benefits - Social Security and the Child Tax Credit are discussed [1] - HSA (Health Savings Account) and 529 plans are also covered [1] Economic Impact & Concerns - The potential impact of the Tax & Spending Law on the economy is analyzed [1] - The discussion includes the national debt [1]
X @The Wall Street Journal
The new tax-and-spending law runs 887 pages, changing how everything from estates to car loan interest is taxed.Take our quiz to test your knowledge of what’s in the law. https://t.co/wYXCNcGhgK ...
X @The Wall Street Journal
The Republican tax megabill is headed into law after passing the House. Here’s what it could mean for your finances. https://t.co/3QQkqv7ZlG ...