As a candidate, Trump promised to lift taxes on overtime. The new law allows workers to deduct up to $12,500 in overtime compensation (for single filers) or $25,000 (for joint filers). This deduction phases out for income levels between $150,000 and $275,000 (for single filers) and $300,000 and $550,000 (for joint filers).

President Trump vowed to end taxes on Social Security, but the One Big Beautiful Bill stops short of fulfilling that promise.

Republicans, including Senate Minority Leader John Braun, have cheered on the bill for offering tax breaks to middle-class residents.

An analysis by a think tank found that annual household energy costs in the state will increase $110 by 2030 and $410 by 2035.

Big changes are coming to Iowans’ taxes, health care, nutrition assistance, energy generation and student loans. Here's what it all means for Iowans.

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 bill is expected to affect the personal finances of millions of everyday Americans, but not all of the provisions will roll out at the same time.