TaxMath

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Analysis, explainers, and news on federal and state tax topics. For live rate data, see our Tax Tables and Tax Notes & News.

Federal

6 min read

The One Big Beautiful Bill: What Actually Changed for 2026

A plain-language breakdown of the six new federal tax deductions — tips, overtime, car loan interest, senior bonus, expanded SALT, and Trump Accounts — including who qualifies and phase-outs most people miss.