The IRS will have much less of a view into how much income small businesses and independent contractors make because there will be much less third-party reporting required under Trump’s new law.

An email touting a new law that cuts taxes and safety-net spending wrongly politicizes the Social Security Administration, ...

Trump could order the Treasury Department to properly define a "capital gain" as any increase in the value of a stock or ...

Around 10% of people itemize their deductions now, and they are typically wealthier. The other 90% take the standard deduction, which expanded in the 2017 Trump tax cuts and will get bigger under the ...

Congress didn’t eliminate taxes on Social Security income; the deduction is a back-door way to reduce seniors’ taxable income, including the retirement benefits. For example, a high roller or ...

When Michelle Lawrence heard about Medicaid cuts in the Republican tax and spending bill, it felt like “a punch to the gut.” ...

The IRS is losing a third of its workforce while abandoning complex tax cases worth millions in revenue. This staffing crisis creates a system where wage earners face automatic verification while ...

Democrats and Republicans agree that any big bill will include something they hate, including the ones on which they vote ...

Thus, Baby Boomers are the largest population among that age group of consumers. Baby Boomers, who will receive the $25,000 Consumer Tax Cut at the time of retirement, once they start receiving Social ...

The “big, beautiful bill” extends many tax cuts enacted during the first Trump administration — and adds some new ones. Here ...

Senior citizens are getting a tax break in President Donald Trump’s sweeping tax and spending cuts package, but it’s not the ...

Senior citizens are getting a tax break in President Donald Trump's sweeping tax and spending cuts package, but it's not the ...