Congress passed President Donald Trump’s “big, beautiful bill” last week. The bill extends tax cuts and introduces new measures like a senior “bonus” and increased state and local tax deductions. Financial advisor Kathryn McCall says the impact will depend on household income levels.

President Donald Trump’s “big, beautiful bill,” which he signed into law this month, includes major wins for business interests that carried out aggressive lobbying campaigns on Capitol Hill to secure...

“They’re concerned about whether or not they’re going to be able to afford this and how they’re going to be able to afford it and what terms are going to be out there if you go into the private secto...