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

Scientists show that the frequency of a set of words seems to have increased in published study abstracts since ChatGPT was ...

Only those earning $500,000 or less could take advantage of the full $40,000 cap, under the bill the Senate passed.

The "no tax on tips" provision within the Senate version of the One Big Beautiful Bill Act allows tipped workers to deduct ...

The Senate removed the sharply escalating taxes in the measure approved on Tuesday, but foundations worry they could still re ...

Neither Colorado Senator voted for the budget bill, which now heads back to the House. Republicans are under pressure to pass ...

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

Moderate Republicans and hard-line conservatives in the House are expressing increasing opposition to the Senate’s version of the “big, beautiful bill” just days before the lower ...

The landmark 1986 tax reform legislation cut the top individual income tax rate in the US to 28% from 50% and the top corporate rate to 34% from 46%. With that change, the tax treatment of standard ...

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

Notably, by changing the bill, the total Senate bill will cost $37 billion more than it would have, according to the Joint Committee on Taxation.

The Senate’s version of the “big, beautiful bill” is facing serious headwinds in the House with The Hill learning that at least six House Republicans are currently a “no” on the ...