The last states are wrapping up legislative sessions, and some are crossing the finish line with major income tax cuts.

President Trump this weekend signed into law a massive tax and spending megabill that will reduce revenue by around ...

It is clear that this tax credit has the potential to come with an enormous cost if private school groups are successful in ...

The Trump megabill will give the top 1 percent tax cuts totaling $1.02 trillion over the next decade. For comparison, the ...

The popular child tax credit will receive a slight boost from President Trump’s signature tax and spending bill – but there are caveats.

“America needs to fix its broken immigration system. Bipartisan reform attempts have repeatedly failed over more than three decades, as Congress has kicked the can down the road without solving ...

The plan, part of the Republican domestic policy bill, includes all but the wealthiest families. But states must opt in, which could limit its reach.

Congress has signed off on a $3.4 trillion legislative package featuring new tax breaks, spending cuts, and more funding for defense and immigration enforcement, delivering President Donald Trump his ...

Congressional Republicans gave final approval to a federal budget bill that makes historic cuts to social safety net ...

The ink is not even dry on the far-reaching domestic policy law that President Trump signed on Friday, and already state governments are bracing for impact as Washington shifts much of the burden for ...

The endlessly debated cap on deductions for state and local taxes (SALT) has emerged in the GOP megabill largely ...

How much money you save with tax deductions, which reduce your taxable income, depends on your bracket. Deductions are more valuable to higher-income households and less beneficial for lower earners, ...