On May 9, 2025, the House Ways & Means Committee released its initial draft of President Trump’s “big, beautiful bill.” The bill will set the ...

Republicans' “one big beautiful bill” would eliminate taxes on tips and overtime, give new cuts to seniors, and make interest ...

The House Ways and Means Committee voted 26-19 to approve the tax part of the legislation after a marathon markup meeting ...

Despite President Donald Trump’s monthslong advocacy for eliminating the carried interest tax break, one of the most ...

The bill would make key portions of the TCJA permanent and create a new "senior bonus" deduction, among its many provisions.

Now that tax season has arrived, you might be wondering whether or not you’ll owe the government money this year. How much ...

Republicans in Congress are moving with rapid speed to advance President Donald Trump's big bill of tax breaks, spending cuts ...

House committees have been laboring for months to draft the legislation, which Republicans have labeled “THE ONE, BIG, ...

The Internal Revenue Service (IRS) has confirmed that there will be no changes to the interest rates for the upcoming quarter ...

News that the U.S. and China have drastically reduced reciprocal tariffs for 90 days as they continue trade talks has already ...

The penalty for underpaying your taxes will remain the same this summer as it is now. The IRS has announced that the interest ...