President Trump’s tax-and-spending cut bill centers on an extension of his previous round of tax cuts, which Republicans ...

Trump's big beautiful bill gets crucial vote to move on. What to know about reconciliation bill details: no tax on tips, overtime or Social Security.

The FICA tax (short for Federal Insurance Contributions Act) is a deduction from your paycheck that's used to pay for Social Security and Medicare. The 2024 FICA tax rate means 7.65% comes out of your ...

The state and local tax deduction is up for consideration again on Capitol Hill. What does it mean for you and your property taxes?

House Republicans cleared a major hurdle over the weekend in advancing a sweeping package of President Trump’s tax proposals, ...

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to House ...

State and local taxes you pay are deductible if you itemize on your federal income tax return. But the Tax Cuts and Jobs Act of 2017 capped the state and local tax (SALT) deduction at ...

Many taxpayers could see even more money in their pockets in coming years under a sweeping tax and spending cuts package that ...

Natalie toggles between news stories and enterprise reporting to bring timely personal finance topics to readers. Her mission is to help inform people of all financial backgrounds about events ...