President Trump signed into law H.R. 1, better known as the One Big Beautiful Bill Act, on July 4. The legislation includes ...

Taxable income is the portion of your gross income that is subject to federal tax. Taxable income and gross income differ for several reasons. Additionally, tax deductions and credits can lower the ...

A new law called One Big Beautiful Bill Act (OBBBA) brings tax breaks. It fulfills former President Trump's promises.

Lawmakers like a good acronym about as much they enjoy passing party-line fiscal packages via budget reconciliation.

U.S. President Donald Trump's new tax and spending law is projected to deepen U.S. deficits by $3.4T over the next decade, ...

Modified adjusted gross income (MAGI) is often used by the IRS and other federal agencies to determine your eligibility for ...

President Donald Trump’s "big beautiful bill" will add $3.4 trillion to the U.S. national debt over the next decade, ...

New GOP polling shared with Secrets showed that voters were evenly split on whether the bill was a tax-cutting or spending legislation.

President Donald Trump signed into law P.L. 119-21, the “One Big Beautiful Bill Act” (OBBBA), enacting significant changes to the US ...

As Congress raced to send the One Big Beautiful Bill Act to President Donald Trump before the Fourth of July, Erin Murphy ...

The “big, beautiful bill” that President Trump signed into law earlier this month will add nearly $3.4 trillion to the nation’s deficits over roughly the next decade, the Congressional Budget ...

As part of President Donald Trump’s “Big Beautiful Bill,” tipped workers are now able to exclude tips from their taxable ...