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,

A small provision added to President Donald Trump’s “One Big Beautiful Bill Act” — that came to light days before the president signed the bill into law July 4 — could have a major impact on sports betting.

Now that President Donald Trump signed the bill, workers will be able to deduct up to $25,000 in reported tips and $12,500 in overtime pay from their taxable income on their federal tax returns.