Tax deductions introduced in the "One Big, Beautiful Bill" could benefit older and working Americans the next time they file taxes.

The almost 900-page bill has plenty to say about taxes, and an array of changes, new credits and deductions are part of the ...

The Treasury Department and the IRS will need to roll out guidance on to explain the bill's newer provisions and how they differ from earlier tax legislation.

The bill includes several tax-related initiatives, one of which is the elimination of tax on tips. Here's what to know.

We don't have any loans or long-term debt. Our house is worth $500,000 and our cars are paid off. We pay our credit cards in full every month. The children are grown up but our daughter is in medical ...

President Trump’s One Big Beautiful Bill delivers the largest tax cuts in decades. But the benefits aren’t evenly distributed ...

NORTH CAROLINA, USA — President Donald Trump’s recently signed “Big Beautiful Bill” includes significant tax changes aimed at benefiting seniors, particularly those receiving Social Security. A recent ...

When times are tough and household budgets are under severe strain, taking cash out of your 401(k) plan can provide some relief. However, it's best to be cautious, as there are specific rules ...

The law is creating backlash from the gambling industry and bettors who could owe taxes even if they break even.

As a candidate, Trump promised to lift taxes on overtime. The new law allows workers to deduct up to $12,500 in overtime compensation (for single filers) or $25,000 (for joint filers). This deduction ...