The Big Beautiful Bill goes into effect January 1, 2026, after President Trump’s expected July 4, 2025 signing. Get the latest updates and details., When would the no tax on overtime, tips start? Trump needs to sign the bill for it to take effect, but once that happens it could go into effect for the 2025 tax year., The legislation contains about $4.5 trillion in tax cuts. The existing tax rates and brackets would become permanent under the bill, solidifying the tax cuts approved in Trump's first term., When does no taxes on tips, overtime start in Massachusetts? Like the House-passed mega-bill, the Senate’s version also includes one of Trump’s key campaign promises: no taxes on tips or overtime., Trump megabill explained: What's in the big beautiful bill and when would it go into effect? Here's what to know., Big Beautiful Bill passed at the House of Representatives. President Donald Trump's Megabill marks Trump's first major legislative win of his second term and faced long debate in Congress. The package includes tax cuts, Pentagon and border security funding, and social program cuts. Two Republicans opposed it. It now awaits Trumps signature..