The new tax cuts and spending law signed by President Trump on July 4 could provide savings for all income groups, an analysis finds.

Trump's One Big Beautiful Bill solidifies tax cuts from the Tax Cuts and Jobs Act and adds new ones that will impact most Americans.

President Donald Trump has signed into law the One, Big Beautiful Act (OBBA), and for taxpayers in high-tax states like California and New York, it may offer long-awaited relief — at least for a few years.