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House committees labored for months on the bill, which underwent late changes to win over holdouts in the Republican conference. It exceeds 1,000 pages and is titled the “One Big Beautiful Bill Act,” ...
Social Security benefits were tax-free, but changes now mean retirees with higher incomes may face taxes on their benefits.
The deficits caused by the tax bill would trigger the Statutory Pay-As-You-Go Act of 2010 and force billions in cuts to ...
If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phases out ...
The tax provisions of the House Republican reconciliation bill double down on the failures of the 2017 tax law, which was ...
This bill would offer a tax break for tipped income under certain levels, but that might not be the uncomplicated relief it ...
The House bill includes SALT cap increases, changes to Medicaid and SNAP and new rules to claim child tax credits.
If passed by the Senate, the new expanded SALT cap would benefit millions of big earners in high-tax states, including New ...
Military bonuses earned by service members for enlisting, reenlisting or excelling in their duties would be exempt from ...
The proposal has widespread support from the public, but many critics say it would come with an enormous cost to the government while doing little to help the workers who need it most.
Republicans' “big, beautiful bill” eliminates taxes on tips and overtime, gives a new deduction to seniors, and makes interest on certain auto loans deductible.
The Senate will likely revise the House bill, which left tax-exempt bonds untouched after months of speculation.