Donald Trump signed into law his sweeping and controversial One, Big Beautiful Bill Act (OBBBA) over the summer — a vast and complicated bit of legislation that, as CNBC noted, will potentially bring about massive changes to your taxes, especially in regard to below-the-line deductions (i.e., itemized deductions taken after your Adjusted Gross Income [AGI] that reduce your taxable income).
Learn More: What Are Progressive Taxes and How Do They Work?
