Congress passed a giant tax bill that includes the Senate's SALT changes that allow rich Americans in high-tax states to save ...

The bill proposes raising the state-and-local-tax deduction cap to $40,000 with a 1% increase every year through 2029, then reverting to $10,000 in 2030. It sets the income threshold at $500,000 and ...

Vice President JD Vance provided the tie-breaking vote to get Trump's bill across the finish line. It now must go back to the ...

Based on the latest legislative text, here are five key changes proposed in the Senate GOP tax bill. 1. More modest Child Tax Credit — and sharper Medicaid cuts.

The Senate made several substantive changes to the House version of the GOP spending bill that the White House has decreed to be a must-pass. The modifications created a bill that had just enough ...

While the two bills are similar on the major tax provisions, how they work out their differences in the coming weeks will determine how quickly they can get a final product over the finish line.

Senate Republicans face setback as parliamentarian removes controversial Medicaid changes from President Donald Trump's bill, ...

A CNBC Special Report looks into the possible impacts the “one big, beautiful” bill could have on higher education, ...

Senate Republicans are rejecting an attempt to reverse a provision from their new tax law that changes the taxation of ...

Trump's One Big Beautiful Bill solidifies tax cuts from the Tax Cuts and Jobs Act and adds new ones that will impact most ...

Both the House of Representatives and the Senate have launched efforts to undo the change to the tax laws regarding gambling.