A provision in the One Big Beautiful Bill Act, recently signed into law by President Trump, will create the country’s first federal tax credit for donations to private schools. It aims to give families more choice in their child’s education,

President Donald Trump’s "One Big Beautiful Bill Act" is now law. So when does it take effect? Here's a look at when its provisions start.

Bettors can still deduct losses from wins within a single session of play. But the Internal Revenue Service ( irs) is unlikely to let punters treat a full year, or arguably even a week, as one session. In the meantime, some sports bettors are placing their hopes on a potential loophole presented by a disruptive new entrant to the industry.