Problems are multiplying for Senate Majority Leader John Thune (R-S.D.) and other Senate negotiators in their bid to pass ...

The high-tax states aren’t represented by Republicans in the Senate, and the bill is predicted to be extremely costly.

President Donald Trump told Senate Republicans he is open to a state and local tax deduction cap lower than the $40,000 in ...

The House of Representatives passed its version of the fiscal year (FY) 2025 budget reconciliation bill on May 22 by the narrow margin of 215 to 214, with one Member voting present. The bill, titled ...

Congress faces pressure to refine tax policy by eliminating ineffective deductions and securing permanent tax cuts to help ...

The House passed its version of Trump’s "One Big, Beautiful Bill." Here’s what to look for as Senate Republicans take up the mega legislation.

The House's nearly $4 trillion tax package is set for a makeover in the Senate starting this week when lawmakers return to ...

On May 22, 2025, the House passed the legislation entitled “The One Big Beautiful Bill” (the “BBB”). The BBB makes permanent, extends and, in ...

The Joint Committee on Taxation, Congress’s in-house tax scorekeeper, released the much-anticipated score for the tax portion of the reconciliation bill.

President Trump's 2026 budget proposal is a sweeping fiscal plan that aims to reshape federal spending and tax policy. Here's what taxpayers need to know.

Taxpayers in states like New York could save more under the new $40,000 SALT deduction cap. Here's how it would work.

The bill also separately creates a new limit on the value of itemized deductions for those in the top 37% tax bracket that partly erodes the value of the new SALT cap. Tips and overtime ... tax ...