The legislation, which reduced taxes for most earners, did not take full effect until Americans filed their taxes in 2019.

The Senate also pulled out a change to the Pell Grant program, which provides federal aid to low-income students to attend ...

Congress temporarily boosted the value of the Child Tax Credit (CTC) and expanded the maximum credit, for the first time, to ...

A Trump-backed spending bill that passed the US Senate Tuesday would increase the maximum amount families can receive for a ...

President Trump's 'big, beautiful bill' makes tax cuts permanent, with lower rates, business expensing, and no tax on tips or ...

Republicans are trying to create tax deductions for tips, car loan interest and overtime pay. Experts say they wouldn’t ...

Higher earners could benefit most from the tax bill in the short run, but future generations of all incomes would be 'worse off,' per a new analysis.

Republican lawmakers released details on President Trump’s ‘one big, beautiful bill,’ including an increased child tax credit.

The tax and spending legislation approved by the U.S. Senate would create an unprecedented, dollar-for-dollar federal tax ...

The Senate has passed its version of the One Big Beautiful Bill Act - with an expanded Child Tax Credit (CTC) for American families making it into the bill. The Senate approved the bill on July 1 ...

The rich, families with children, some carmakers, will gain, while EV makers, those on food stamps, Medicaid will lose.