Plus: A famous soccer coach is sentenced to prison for tax fraud, filing an amended tax return, smoking rates and sin taxes, filing deadlines, tax trivia, and more.

Trump's tax and spending law will impact education savings, gambling losses and tips. Here's a breakdown of the highlights.

President Donald Trump ’s ‘big beautiful bill’ delivers a temporary higher limit on the federal deduction for state and local taxes, known as SALT. But the phaseout, or income-based benefit reduction, could trigger a tax surprise for some higher earners, experts say.

Wealthy families gain permanent relief as estate tax exemptions jump to $15 million per person, eliminating uncertainty around wealth transfers.

If you’re banking on tax-free overtime to boost your paycheck, you’re out of luck. Trump’s “big beautiful bill” doesn’t change what you’re paid; it changes what you’re taxed. That happens at tax time, not on payday. Employers will keep withholding taxes as usual, and it’s up to you to apply the deduction — if you qualify — when you file.

Many filers won’t be able to take full advantage of expanded deductions in the recently passed tax law.

Receiving a big tax refund can feel like winning the lottery. The direct deposit hits, and suddenly there’s extra money in your account. For many Americans,

A sharp rise in scrutiny, delayed utilities, and mismatches with AIS/Form 26AS are causing refund delays for millions of taxpayers this year. Experts say even legitimate refund claims could be flagged if unusually high — especially with old tax cases pending.