A new report from SmartAsset indicates that high cost-of-living states are expected to save thousands annually through OBBBA’s individual tax provisions. Five states are projected to save over $2,000 per year. The total expected value and savings per tax return vary by state, with seniors also seeing significant savings. Explore how the OBBBA may affect your state and learn more ways to save money on taxes with the Trump administration’s new tax law. Additionally, find out how billionaires paying taxes at the same rate as the middle class could impact the tax system.

Read more at Yahoo Finance: Here’s How the One Big Beautiful Bill Will Impact Tax Returns in Every State