The White House launched an interactive map showing potential savings for Americans under the One Big Beautiful Bill Act, highlighting financial benefits across states. It includes anticipated real-wage increases and projected real take-home pay growth. The map also illustrates the number of seniors benefiting from tax-free Social Security, estimating 88% of recipients will not face taxes. Additionally, it details potential Opportunity Zone housing unit creations. These measures aim to convey the financial impacts of the legislation directly to citizens, emphasizing its widespread benefits.
"The tax package that was passed is a big bill, and it will have a far-reaching impact," says Danielle Hale, chief economist of Realtor.com. "Perhaps most tangibly for households, the 2017 tax rate cuts that were set to expire were retained, helping to avoid a decrease in take-home incomes that might have occurred if the prior cuts had lapsed."
"This tracks residential construction or rehabilitation projects in federally designated low-income areas," says CPA and attorney Chad D. Cummings. "These zones allow investors—often high net worth individuals or private equity firms—to receive substantial capital gains tax breaks in exchange for placing funds in underserved communities."
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