Key Highlights in Trump’s "Big Beautiful Bill" and Their Impact on Your Finances
- RetirementGuy
- 3 hours ago
- 1 min read
On July 4, 2025, President Donald Trump signed the "One Big Beautiful Bill Act," a comprehensive tax and spending package that introduces significant changes to the U.S. tax code and financial landscape. This legislation makes permanent the 2017 Tax Cuts and Jobs Act provisions, introduces new tax breaks, and implements notable adjustments to social safety net programs. Below is an overview of the key tax changes, including specific provisions affecting Social Security taxation for seniors, and how they compare to current law.