Teen News Today First Issue
Hello Everybody hope all is well I am here to provide teens a completely unbiased source of today's news and the impacts it will have on the teens and youth of today including the good the bad and the ugly. The Big Beautiful Bill was signed into Law by 47th President Donald Trump. This bill has many different components and I will dive into some major points. One key point for many young workers is this bill has a provision that eliminates federal income tax on tips, although this sounds amazing which it can be there is some stipulations it states that eligible workers are allowed to deduct up to 25,000 dollars from tips in taxable income for the years 2025-2028. Although this may not directly impact teens considering the earnings requirement this can be a big break for parents and allow them to create more opportunities for their child. The Big Beautiful Bill also has changes in the student loans system. The changes involved eliminate subsidized loans. These loans were cruc...