Trump signed a controversial tax and spending bill that critics claim will harm low-income Americans while benefiting the ...

Republicans’ “big, beautiful bill” includes a gift to millions of families: $1,000 in an investment account for every eligible newborn.

The GOP extended and increased the higher gift and estate tax exemption and affected AMT thresholds. What might this mean for ...

In the classic Schoolhouse Rock song “I’m Just a Bill,” the bill laments the prospect of waiting with other bills, hoping to ...

The bill extends portions of the Tax Cuts and Jobs Act, provides deductions to eliminate income taxes on certain tips and ...

Donald Trump hailed the newly passed "One Big Beautiful Bill" as America's best birthday gift, claiming it fulfils 2024 ...

Congress passed the tax cut and spending megabill with President Trump's legislative priorities which includes new tax ...

House Republicans passed the wide-ranging Trump tax legislation dubbed the One Big Beautiful Bill Act, overcoming resistance ...

(That’s up $1,000 from the 2023 tax year's limit since the gift tax is one of many tax amounts adjusted annually for inflation.) For married couples, the combined 2024 limit was $36,000.

The Budget Lab at Yale University estimated Monday that effects from the bill on taxes, Medicaid and spending on the federal ...

While Sen. Susan Collins is among a handful of Republican holdouts, Sen. Angus King, an independent who caucuses with Democrats, has been a vocal opponent of the bill, which would extend tax cuts, ...

A bill in Congress would allow U.S. citizens residing abroad to elect out of being taxed on their U.S. income.