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

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

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

Donald Trump and the GOP's so-called "Big Beautiful Bill" guts Medicaid to give tax breaks to the rich, but the legislation ...

New analysis shows wealthy tax evaders could escape scrutiny while middle-class taxpayers face increased burden.

Fresh off passage of the “One Big Beautiful Bill,” several conservative organizations and Republican lawmakers are preparing ...

Retired professor Larry White says the email message he got on July 4 from the Social Security Administration was unlike any ...

Qualifying Americans 65 and older are eligible for a deduction of up to $6,000 under the new law. If an individual’s income exceeds $75,000, the deduction is phased out. (For couples filing jointly, ...

The full deduction is limited to individuals with taxable income of less than $75,000 ($150,000 for joint filers). It shrinks ...

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 ...

A new broadly available tax break of up to $1,000 will become available for those giving to a charity if they file on their ...

The new IRS interpretation came after decades of debate and, most recently, lawsuits from the National Religious Broadcasters ...