Both versions of the bill include provisions that allow non-itemizing tax payers to deduct charitable contributions.

For many families, another key source of savings is the child tax credit. Senate Republicans proposed permanently increasing ...

The Finance Committee draft improves on the House by making business expensing permanent and reining in more Medicaid abuses.

Senate's tax bill draft maintains Trump tax cuts, caps SALT deductions at $10,000, and limits tax-free tips, but fails to cut ...

A proposal by Senate Republicans would adjust the pace at which some crucial home energy efficiency and electric vehicle tax ...

U.S. Senate Republicans have unveiled their version of President Donald Trump's sweeping tax-cut and spending bill that is ...

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The Senate Committee on Finance argues that its proposal of changes to the bill "prevents the largest tax hike in history." ...

U.S. Senate Republicans on Monday unveiled proposed changes to President Donald Trump's sweeping tax-cut and spending bill ...

The House-passed version of the bill would extend Trump's 2017 income tax cuts and implement new temporary tax breaks for ...

Senate and House Republicans’ big beautiful spending bills could boost the child tax credit. Here’s who could benefit.

If enacted, Republicans’ draft legislation would mean that President Biden’s signature climate legislation would effectively ...