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 ...

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.

Senate Republicans passed a bigger child tax credit as part of Trump’s spending package. If enacted, here is who stands to ...

A new Senate proposal could increase the Child Tax Credit (CTC) to $2,500, but millions of families might not benefit. The ...

Congress is trying to increase the maximum credit amount through its budget reconciliation process, but the chambers differ ...

By comparison, the House-approved bill would boost the top child tax credit to $2,500 from 2025 through 2028. After that, the credit's highest value would drop to $2,000 and be indexed for inflation.