Congress is debating whether to increase the cap on state and local tax (SALT) deductions, which would generally decrease the ...

In a strategic move to counter federal tax policies, both Democratic and Republican-leaning states are finding ways to bypass ...

The One Big Beautiful Bill Act was passed by the U.S. House of Representatives in May to make sweeping changes to federal tax policy, and Senate leaders and administration officials are ...

The Senate's version of the One Big Beautiful Bill takes the shine off some of Trump's most popular promises. Here's why.

House and Senate Republicans are taking slightly different approaches when it comes to the tax cuts that lawmakers are ...

The impasse over the state and local tax (SALT) deduction cap is deepening as Senate Republicans and House moderates from high-tax blue states remain at a loggerheads, a stalled state-of-play that ...

The GOP SALT Caucus held a call with Sen. Markwayne Mullin (R-OK) to discuss the SALT cap, but no compromise was made.

The Senate Finance Committee released its revisions to President Donald Trump’s “one big, beautiful” bill Monday night, ...

The bill includes many provisions that affect upper-middle-class taxpayers, from preserving the child tax credit to ...

The 549-page text calls for making many provisions of the Tax Cuts and Jobs Act permanent. The committee says that the SALT ...

The Senate proposal also includes a temporary tax break for older Americans: a $6,000 deduction for individuals age 65 and ...