Another way to reduce your taxable income is by contributing to a traditional IRA. The maximum contribution is $7,000 in 2025 ...

The Senate’s version of President Donald Trump’s proposed tax cut bill will cost the bottom 20% of taxpayers an average of ...

GOP tax and spending bill would create a tax deduction for workers in tipped occupations. But not all would lower taxes for ...

A much followed tax break improvement is inching toward becoming a reality. A proposed tweak to the state and local tax (SALT ...

The Senate voted early Tuesday morning to defeat an amendment sponsored by Sen. Susan Collins (R-Maine) to create a new top ...

The Reconciliation Bill being debated in the Senate contains many tax provisions beyond extending portions of the Tax Cuts ...

The Senate has proposed numerous changes to the "One, Big, Beautiful Bill" that the House narrowly passed. The Senate's ...

How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax deduction, if it's passed by Congress.

A new provision in former President Donald Trump’s proposed budget would eliminate taxes on tips and overtime pay, a move ...

A taxpayer whose individual retirement account was paid to the government under a criminal court order did not have taxable ...