Hidden Hikes

Trump Tax Plan 2025: Major Cuts or Hidden Hikes? What It Means for Your Paycheck

The Trump Tax Plan 2025, also known as the "One Big Beautiful Bill," offers a mix of tax breaks and spending cuts. With permanent extensions of 2017 tax cuts and new deductions for seniors, families, and tip earners, most Americans will see modest gains. However, the plan could balloon the federal deficit and shrink public benefits. Understand these changes now to protect your paycheck and financial future.