The Senate’s version of the “big, beautiful bill,” passed on Tuesday, includes a $6,000 tax deduction for Americans 65 or ...

Republicans are trying to create tax deductions for tips, car loan interest and overtime pay. Experts say they wouldn’t ...

The Senate passed its version of the One Big Beautiful Bill Act. The bill contains many tax provisions beyond extending ...

GOP tax and spending bill would create a tax deduction for workers in tipped occupations. But not all would lower taxes for ...

An AICPA statement after the bill was issued by the Senate Budget Committee lauded lawmakers for “diligent work to reject new ...

New York Rep. Mike Lawler told Fox News Digital that he is pleased with the Senate's latest compromise on state and local tax ...

If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phase out over $500,000.

The House wants to raise the SALT deduction cap, which would help wealthy Californians pay less in federal taxes. The Senate disagrees.

The legislation for Trump's agenda on taxes, health care, immigration, energy and more would add $3.3 trillion to the deficit over a decade, according to the Congressional Budget Office.

The sweeping GOP tax bill calls for an above-the-line deduction of up to $10,000 in car loan interest during a given taxable year. You'd pay no tax on that interest, if you qualified. The proposed ...

House lawmakers on Thursday morning passed changes for the federal deduction for state and local taxes, known as SALT, as part of President Donald Trump’s tax package. Enacted via the Tax Cuts ...