You have not provided the full MWE and we have no information on which document class is in use. If it's the standard article, here's a link to a solution on how to put wide floats in two-column documents based on an extra package multicol.
So, inspired by this answer, you could load multicol packages and place two-column content inside multicols but in a regular one-column document class, s.a. article. This should also work in the report, although this might need some adjustments s.a. using the \chapter outside the multicols.
Note, in the exampe below I used option [twocolumn] and then switched back to \onecolumn. The reason being LaTeX applies a proper layout and give more space for texts.
\documentclass[twocolumn]{article}
\usepackage{mathtools}
\usepackage{microtype}
\usepackage{multicol}
\usepackage[math]{blindtext}
\title{\bfseries The Title}
\author{Author's Name}
\date{}
\begin{document}
\onecolumn
\maketitle
\begin{figure}[b]
\begin{equation}\label{eq:eq}
\begin{aligned}
f(x) ={}& \mbox{Long long long long long long long long long long long long long long long long long long} \
& + \mbox{Long long long long long long long long long long long long long long long long long} \
& + \mbox{Long long long long long long long long long long long long long long long long long} \
& + \mbox{Long long long long long long long long long long long long long long long long long} \
& + \mbox{Long long long long long long long long long long long long long long long expression}.
\end{aligned}
\end{equation}
\end{figure}
\begin{multicols}{2}
\Blinddocument
\end{multicols}
\end{document}
On the other hand, if you are asked to use a certain two-column document class such as IEEEtran, the already mentioned stfloat on this site might be a solution. Be wary, if this is a paper to submit, you might not be allowed to do this.
In the next example, a wide equation is placed at the bottom of the first page as long as there's only small content before figure* environment. Otherwise the float is pushed to the next page. I think best appraoch is to make sure figure* is the first thing after \section.
\documentclass{IEEEtran}
% \documentclass[twocolumn]{article} % or just a standatd two-column article
\usepackage{mathtools}
\usepackage{microtype}
\usepackage{stfloats}
\usepackage[math]{blindtext}
\title{The Title}
\author{Author's Name}
\date{}
\begin{document}
\maketitle
\section{Introduction}
\begin{figure}[b]
\begin{equation}\label{eq:eq}
\begin{aligned}
f(x) ={}& \mbox{Long long long long long long long long long long long long long long long long long long} \
& + \mbox{Long long long long long long long long long long long long long long long long long} \
& + \mbox{Long long long long long long long long long long long long long long long long long} \
& + \mbox{Long long long long long long long long long long long long long long long long long} \
& + \mbox{Long long long long long long long long long long long long long long long expression}.
\end{aligned}
\end{equation}
\end{figure}
\Blinddocument
\end{document}
figure*does not support b so your figure has no legal placement and will be forced to the end – David Carlisle Sep 07 '23 at 15:33nidanfloatpackage used to provide for bottom floats in two-column format, but it no longer works properly with the current LaTeX. Maybe you can report it to the package author. – egreg Sep 07 '23 at 16:14