Tax breaks

The One Big Beautiful Bill Act contains several provisions that could affect the future of nonprofit organizations.

Katherine Green, a dominatrix who creates online adult videos, wasn't expecting a windfall from President Donald Trump's signature push to make tips tax-free.

The hedge fund manager known promised wealthy investors that he could help them take advantage of opportunity zones.

Commissioners in a New Mexico county voted four to one to advance a resolution that would provide tax breaks to the backer of a massive data center development.

Workers in dozens of job categories — including waiters, cosmetologists, golf caddies, event DJs and dancers — won't have to pay taxes on the tips they earn.

The list of jobs that are eligible for tax exemptions on tips includes bartenders, food servers, entertainers, performers and digital content creators.

Selling the OBBBA to the American people may prove to be tougher than passing it, even for a president who built a career on savvy branding.

Many of the provisions of the OBBBA benefit businesses, but colleges and universities will take a hit, as will companies in renewable energy.

The provision would allow energy companies subject to a 15% corporate alternative minimum tax to deduct certain drilling costs when calculating taxable income.

Businesses and rich universities scored wins in the Senate version of Trump's tax bill, while low-income Americans and clean energy providers were hit hard.