House lawmakers on Thursday morning passed changes for the federal deduction for state and local taxes, known as SALT, as ...

The recent tax and spending bill passed by the U.S. House aims to make Trump's 2017 tax cuts permanent, introducing ...

The proposed House GOP tax bill raises ‘SALT’ deduction cap to $30,000 for most taxpayers. Here’s who would benefit the most, ...

A Republican-backed House bill includes a range new tax breaks, including a $4,000 deduction for seniors. Here's what to know ...

Of course, the most significant part of the tax plan is to make the tax cuts enacted during Trump's first term permanent.

A qualified widow or widower is a surviving spouse who may file an individual tax return using the married filing jointly tax rates and standard deduction for up to two tax years. What Is a ...

President Trump’s bill to cut taxes and spending centers on an extension of his previous round of tax cuts, which Republicans ...

Prior to the Tax Cuts and Jobs Act (“TCJA”), there was no direct limitation on an individual taxpayer’s deduction of his or ...

President Trump's spending and tax plan, which is officially titled "one, big, beautiful bill," was recently released. This gave Americans key details about how Trump plans to not only extend the tax ...

A Republican congressman is leading a new bipartisan bill in the House of Representatives that would give married student ...

State and local taxes you pay are deductible if you itemize on your federal income tax return. But the Tax Cuts and Jobs Act of 2017 capped the state and local tax (SALT) deduction at ...

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to House ...