\n<\/p>\n
Congress passed<\/a> President Donald Trump<\/a>‘s tax and spending package Thursday, ushering in major changes to Americans’ finances.\u00a0<\/p>\n The GOP’s marquee “one big beautiful” bill makes Trump’s 2017 tax cuts<\/a> permanent while adding a senior “bonus<\/a>” along with a bigger state and local tax deduction<\/a> and higher estate and gift tax exemption.<\/p>\n Among other tax provisions, the megabill also includes breaks for tip income<\/a>, overtime pay and auto loans<\/a>, as well as the creation of a new tax-advantaged savings account for children.\u00a0<\/p>\n The chart below outlines these key tax changes and how they could impact your wallet<\/a>.<\/p>\n<\/div>\n\n
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