A Republican tax proposal would give people age 65 and older an additional deduction of $4,000 in a “senior bonus” that would ...

The package is touching off the biggest political debate over taxes and spending in nearly a decade, with GOP divisions ...

Eligibility for the $4,000 deduction is subject to income-based restrictions. The deduction decreases by four percent for ...

Congress debates eliminating tip and overtime taxes; if proposal fails, millions of workers would face tax increases in 2025.

The House Ways and Means Committee named its package "THE ONE, BIG, BEAUTIFUL BILL’’ in all capital letters, a nod to ...

Millions of recipients could soon be entitled to the tax break, should the provision make its way into the final bill.

If passed by the House and the Senate, a measure to eliminate the federal income tax on overtime pay would be in force until the end of Trump's term.

Recently I went down to Washington to speak to Hakeem Jeffries, the House minority leader, after he gave a speech marking Donald Trump’s calamitous first 100 days in office. At a time when many ...