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

The White House has said workers benefiting from the deduction could see up to $2,000 in annual federal tax savings.

The bill, which is headed back to the House for approval, has a provision for a tax deduction on car loans, but only for ...

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

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

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

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

But the benefits of the deduction, estimated to cost $31 billion over four years, may be limited to a narrow slice of ...

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

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 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 ...