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Home Personal Finance

Chart: Tax Changes Under Trump’s “Big Beautiful Bill”

by bullnews
July 4, 2025
in Personal Finance
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Chart: Tax Changes Under Trump’s “Big Beautiful Bill”
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Sure thing, here’s how it goes:

—

So, here we are. Trump did his thing — signed a new tax bill, and bam! Our wallets might feel different soon. Friday was the day. It was, like, this big spectacle with Trump grinning like he just scored the winning touchdown. Maybe it was on purpose? Nah, probably just politics.

Anyway — yeah, Trump’s big 2017 tax cuts are now sticking around forever. Or so they say. There’s more for seniors too, something about a “bonus.” Sounds fancy, right? And don’t even get me started on the state and local tax deductions. Bigger now. Estate and gift taxes — poof! Up with those exemptions. Sweet, if you ask me.

Oh, and tips! Who knew they needed breaking? But there it is, right there next to how overtime makes nice. Automobile loans get a nod too. Imagine that — more money wrangling for wheels. Also, kids get something shiny — a new savings account with tax perks. Start ’em young, I guess.

And there was supposed to be this chart — yeah, don’t have it — pointing out all these bits and how they’ll play out in our own pockets. That stuff can get pretty wild, but hey, finance isn’t exactly my gym.

So, if I missed anything, forgive me. Kinda got lost somewhere between the seniors’ bonus and tip breaks. Enticing stuff. I might need more coffee for this…

Tags: BeautifulBigBillChartTaxTrumps
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