Why Trump tax deductions — for tips, car loans and more — may not carry large benefits for low earners

Why Trump tax deductions — for tips, car loans and more — may not carry large benefits for low earners


Key Points
  • New tax deduction — on auto loans, tips and overtime pay, and for older Americans — wouldn’t deliver much of a financial benefit for lower earners, experts said.
  • These policies are part of a massive legislative package championed by President Donald Trump.



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