The House bill includes SALT cap increases, changes to Medicaid and SNAP and new rules to claim child tax credits.

California Republicans were pleased that lower- and middle-income residents will be able to deduct more of their state and local taxes, or SALT. The deduction, now capped at $10,000, would rise to $40 ...

But the tax cut package that passed the U.S. House and President Trump has dubbed the "big, beautiful bill" may change before ...

That’s a quick snapshot of who will benefit and who won’t from what President Donald Trump labeled the “Big, Beautiful” bill ...

State and local taxes you pay are deductible if you itemize on your federal income tax return. But the Tax Cuts and Jobs Act of 2017 capped the state and local tax (SALT) deduction at ...

“This is simply about helping people like Elon Musk pay less in taxes,” said House Democratic Caucus Chairman Pete Aguilar, D ...

Expansion of state’s structural deficit makes it likely the governor will leave office with finances unbalanced.

House Republicans passed a bill to permanently extend the 2017 tax law, including no tax on tips, no tax on car loan interest ...

If you’re living or working in California, understanding how the California state income tax system works can help you plan better and possibly save money. The Golden State uses a progressive ...

The president is said to want to create a new top income bracket for people making more than $2.5 million per year and to tax income above that level at a rate of 39.6 percent. By Andrew Duehren ...