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

The recent tax and spending bill passed by the U.S. House aims to make Trump's 2017 tax cuts permanent, introducing ...

If passed by the Senate, the new expanded SALT cap would benefit millions of big earners in high-tax states, including New ...

The budget bill passed by the House includes a provision to quadruple the state and local tax deduction, a boon for some homeowners.

All new car and truck buyers who take out a car loan won't qualify for the tax deduction. Much will depend on your income, ...

Early Thursday morning, the House of Representatives passed the One Big Beautiful Bill Act by one vote. The bill had been ...

The unexpected voice vote comes as congressional Republicans work to pass legislation that would include a similar provision.

It would provide $25 billion for Trump's “Golden Dome for America,” a long-envisioned missile defense shield, $21 billion to ...

Republicans say the 1,000-page-plus bill is what voters sent them to accomplish. Critics say it adds to deficits while ...

New tax proposals aim to ease the burden on seniors by raising deductions for those over 65, offering potential relief from ...

Nev., called up the bipartisan bill for immediate passage, and no senator objected. The measure now goes to the House.

If passed into law, the bill would push 7.6 milion people off Medicaid, according to the Congressional Budget Office. Cuts ...