Nobody enjoys filing their taxes. But this year, something was different. The tax code had some major improvements worth paying attention to.
The One Big Beautiful Bill Act, also known as the Working Families Tax Cuts, prevented a historic tax hike on American families. It also made important reforms that will benefit businesses and workers across the country. I could list the law’s many technical pro-growth provisions, such as 100% bonus depreciation, immediate expensing for research and development, or the permanent 20% small business deduction.
But what it really means is that American taxpayers get to keep more of their own money, and businesses are better able to invest, hire, and grow.
That’s the good news. Here’s the bad.
There’s a surprise tax that didn’t appear anywhere on your 1040, your W-2, or any form the IRS sent you.
It’s the cost of frivolous lawsuits, which are silently chipping away at family incomes
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