These provisions may not have top billing in the sweeping GOP tax bill, but they could have a big impact on Americans' everyday lives.

With global tax and trade policies now entering implementation stage, Deloitte’s new report offers insights to help decision-makers navigate change and uncertainty.

House Republicans’ sweeping budget bill does not eliminate taxes on Social Security benefits — a signature piece of President Donald Trump’s platform — but officials say an enhanced standard deduction for individuals 65 and older effectively delivers on the promise.

For example, the U.S. tax system mostly functions on voluntary compliance. Unauthorized immigrants contributed nearly $100 billion in local, state, and federal taxes in 2022, the Institute on Taxation and Economic Policy estimates.

Another spike in Treasury bond yields puts lawmakers in a tricky spot as they push for big cuts that could drastically swell America’s debt pile.