According to the Tax Policy Center, the average household is expected to save approximately $2,900 under the new law in 2026. But as with most tax policy, the averages don’t tell the whole story.

Starting next year, millions of Americans — from restaurant servers to retirees — could receive lower tax bills under President Trump's recently signed tax legislation. Why it matters: The sweeping law locks in Trump-era tax cuts and rolls out a fresh set of deductions,

US annual clean-energy installations will plunge 41% after 2027, due to the rapid phase-out of wind and solar tax credits in President Donald Trump’s sweeping economic legislation.

The law that President Trump signed on July 4 ending tax incentives for wind and solar projects is expected to drive up electricity bills across the U.S., with some of the sharpest increases in Republican-led states, according to Energy Innovation, a nonpartisan think tank.

A new tax break aimed at seniors may lighten the load on retirees’ Social Security income, but it’s not as sweeping or permanent as some headlines suggest. Tucked inside the “One Big Beautiful Bill,” signed into law by President Donald Trump on July 4,

Passage of Donald Trump’s sweeping tax, health and spending bill was no small feat for Republicans, but selling it to the American people may prove to be tougher, even for a president who built a career on savvy branding.

President Donald Trump’s signature tax and spending legislation is providing short-term clarity for Wall Street but fueling concerns about the long-term health of the US economy, investors say.

The Tax Cuts and Jobs Act, signed into law by former President Donald Trump in December 2017, represented the most significant overhaul of the U.S. tax code in decades. Many of its key provisions, however, were designed to expire after 2025, creating a looming fiscal cliff that lawmakers must address.

Democrats are poised to contest the Republican talking points about the "big, beautiful bill" at every turn, emphasizing the cuts to Medicaid.

Trump's legislation narrowly cleared Congress. Now the administration is facing the challenge of selling it to the public.

NRCC begins nationwide digital ad campaign touting the 'one big, beautiful bill' that extends Trump's tax cuts and eliminates taxes on tips, while Democrats criticize Medicaid changes.