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The House passed a major tax plan backed by President Trump. Here’s what it could mean for your refund, your benefits, and your bottom line in 2026 and beyond.
A major tax overhaul backed by President Donald Trump has passed the House. It offers tax relief to most Americans but tilts heavily toward the highest earners. More than 80% of households would receive a tax cut in 2026. Yet over 60% of the benefits would go to the top 20% of earners, according to the Tax Policy Center. The bill now heads to the Senate. It extends key provisions from the 2017…
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