As the annual tax season unfolds in Portugal, many taxpayers may be tempted to view the filing of their IRS return as a mere ...

Baked into House Republicans’ sweeping tax package is an increase to the federal deduction for state and local taxes, a ...

The new tax reform proposed by Donald Trump, known as the 'One Big Beautiful Bill,' promises tax cuts. However, the reality is more nuanced. This reform aims to extend and modify the 2017 Tax Cuts and ...

Takeaways The House and Senate bills differ in key ways, including that while the House bill would provide a deduction on tips and overtime earnings, the Senate bill provides a deduction for tips only ...

Trump's "no tax on tips" pledge from his 2024 campaign is inching closer to reality. Here's a look at what's in the provision ...

On May 13, the House Ways and Means Committee voted to approve a $3.8 trillion tax bill that would make permanent much of the ...

The tip deduction could boost tipped workers' take-home pay by an average of $1,675, according to the White House's Council of Economic Advisors. Eligible overtime workers would get a tax cut between ...

Tax cut extensions, more breaks for business owners and a bigger cap on SALT deductions are among the big changes.

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

At the center of the sweeping bill is trillions in tax cuts, which Republicans aim to partially offset through changes to ...

Last-minute concessions and a stern warning from Trump appeared to win over the hold outs to salvage what he calls the “big, ...

At the center of the sweeping bill is trillions in tax cuts, which Republicans aim to partially offset through changes to ...