It's not tax season, but now that Trump's spending bill is final, it's a great time to plan, experts say. Don't overlook these new benefits.

The act will also restrict Pell grant eligibility to students with unmet financial need from states and higher education institutions, while increasing total Pell funding by $10.5 billion.

Here's how wealthy retirees can plan for the changes in the new tax legislation, including what it means for tax rates, the SALT cap, charitable giving, estate taxes and other deductions and credits.

President Trump vowed to end taxes on Social Security, but the One Big Beautiful Bill stops short of fulfilling that promise.

The One Big Beautiful Bill Act (OBBBA), signed into law by President Donald Trump over the July 4, 2025, weekend, is a sweeping multitrillion-dollar package that blends tax cuts with significant spending reductions and changes to the social safety net.

The GOP’s “big, beautiful bill” will impact people’s finances through tax provisions, cuts to social programs and diminished consumer protections.