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Steak 'n Shake

Restaurant chain

Appears in 2 stories

Stories

One big beautiful bill tax provisions take effect

Rule Changes

Restaurant chain offering $1,000 matching contributions to Trump Accounts for employees' children. - Pledged Trump Accounts matching contributions

The Internal Revenue Service opened the 2026 tax filing season on January 26 with the first implementation of the One Big Beautiful Bill Act. Signed on July 4, 2025, the sweeping tax law permanently extends the 2017 Tax Cuts and Jobs Act provisions that were set to expire in December 2025, while adding new deductions for tips, overtime pay, car loan interest, and an enhanced deduction for seniors. Taxpayers will encounter a new form—Schedule 1-A—to claim these benefits, and employers are navigating updated W-2 reporting requirements that separately track qualified overtime and tips.

Updated Jan 31

Trump accounts launch: America's first universal child investment program

Rule Changes

Fast-casual restaurant chain offering Trump Accounts matching contributions for employee children born 2025-2028. - Matching up to $1,000 for employees' children

The United States has never offered universal investment accounts to children. Starting July 4, 2026, every American born between 2025 and 2028 will receive $1,000 from the Treasury Department deposited into a stock market index fund—accessible at age 18 for education, homebuying, or starting a business. Over 1 million families enrolled in the program's first week.

Updated Jan 31