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Kiplinger

Business

Kelley R. Taylor

New Tax Rules: Income the IRS Won’t Touch in 2025

IRS Donald Trump Social Security Income Tax Insurance

Paper airplane made of US dollar flying against a sky background.

The 2025 tax landscape has changed due to the GOP tax and spending law, referred to by some as the “big, beautiful bill,” signed by President Trump on July 4, 2025.

This multibillion-dollar legislation impacts everything from car loan interest to overtime pay and reported cash tips.

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