Lawmakers approved language that would implement a 90% cap on how much gamblers can deduct from their losses against winnings ...

Senate Republicans are rejecting an attempt to reverse a provision from their new tax law that changes the taxation of ...

President Donald Trump falsely claims the ‘biggest tax cuts ever’ while Democrats add in the impact of a Biden-era policy.

The bill, ushered through Congress by Republican leadership and signed by Trump Friday, includes $4.5 trillion in tax cuts, ...

President Donald Trump has signed his tax and spending bill into law after Republicans muscled it through Congress.

The bill extends portions of the Tax Cuts and Jobs Act, provides deductions to eliminate income taxes on certain tips and ...

The U.S. Senate narrowly passed President Donald Trump’s tax-and-spending bill, and Vice President JD Vance cast the tie-breaking vote for a final count of 51-50. Republican Senators Thom Tillis, Rand ...

Rep. Dina Titus filed the FAIR BET Act, which would remove provisions of the budget bill and allow gamblers to write-off 100% ...

Following our prior alert on the House Ways & Means Committee version of the One Big Beautiful Bill Act (“OBBBA”), the House ...