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.

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

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 ...

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A new savings account for children that comes with a $1,000 deposit remained in the Senate’s version of President Trump’s ...

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

Revised Medicaid cuts, clean-energy changes cause friction among Republicans as SALT tensions also linger.

U.S. Senate Republicans' proposed changes to President Donald Trump's sweeping tax-cut and spending bill are expected to push ...

WASHINGTON (Reuters) -A U.S. Senate panel proposed making the tax credit for capturing carbon emissions for recovering oil ...