President Donald Trump's tax-cut and spending bill, which passed Congress on Thursday, averts the near-term prospect of a U.S ...

What the bill does do is provide a temporary tax deduction of up to $6,000 for seniors aged 65 and older. The tax break is ...

For a worker making $40,000 or less, standard deductions often already wipe out federal tax obligations. But for someone in the $50,000 to $100,000 range, shielding $12,500 in overtime or $25,000 in ...

What do you think of President Donald Trump’s so-called “big, beautiful bill, which he signed into law on July 4 after narrow ...

A key provision included in the law will raise the cap on the State and Local Tax (SALT) deduction to $40,000.

A provision that allows bettors to deduct only 90 percent of their losses threatens to drive some professionals to other ...

Tesla founder Elon Musk reiterated his proposal for the United States to establish a new political party called the “America ...

Rice University will pay $10.1 million in endowment taxes under Trump's bill, impacting student aid and university budgets.