CNN Senior Data Reporter Harry Enten breaks down the pros and cons of Kamala Harris’ potential VP choices. According to two people familiar with the process, North Carolina Gov. Roy Cooper, Pennsylvania Gov. Josh Shapiro, and Arizona Sen. Mark Kelly are among the Democrats who have been asked to submit information about their finances, family histories, and other personal details.
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What To Know Now About Changes To Your 2025 Taxes
The One Big Beautiful Bill Act, enacted in July, introduces significant tax changes effective in 2025. Key provisions include an increased standard deduction, a new personal deduction for seniors, and an expanded state and local tax deduction. Additionally, it offers a car loan interest deduction, tax deductions for tips and overtime pay, a higher child tax credit, and marks the expiration of clean vehicle tax credits. The Act also establishes 'Trump Accounts' for newborns and mandates new crypto tax reporting, reflecting a comprehensive overhaul of the tax landscape.
