On July 4, 2025, legislation known as the "One Big Beautiful Bill" was signed into law. Learn about the 2025 tax changes here.

Here's a look at whether you should be delighted or worried about the bill. (Spoiler: You may want to put away the confetti and noisemakers.)

Got questions about the new deductions for seniors, tips, overtime and car loans? Here’s what you’ve been asking—and my answers—about those, as well as other updated tax provisions.