- Congress passed President Donald Trump’s tax megabill Thursday.
- The “big beautiful” bill extends sweeping tax cuts, while adding a senior “bonus” to offset Social Security taxes and a bigger state and local tax deduction among other measures.
- Here are the key tax changes and how the current law compares to the new legislation.
The US Capitol building is seen on Capitol Hill, in Washington, DC on June 3, 2025.
Alex Wroblewski | AFP | Getty Images
