The current version of the proposal calls for the state and local tax deduction cap to be hiked to $30,000, which a group of ...

It targets several clean energy tax credits implemented under the Democratic reconciliation bill passed under President Joe ...

A sweeping piece of legislation unveiled by the House Ways & Means Committee on Monday would follow through on Trump's campaign promises to eliminate taxes on tips and overtime pay, as well as ...

Now that nearly a dozen House committees ... “insulting.” Republicans introduced the cap as part of their 2017 tax cuts package as a way to help pay for the sweeping legislation.

Draft legislation circulated by the House Ways and Means Committee would raise the current cap to $30,000 on individuals with taxable annual income of $400,000 or fewer.

As Congress deliberates these proposals, the potential impact on taxpayers, businesses, and the broader economy remains a ...

Five Republicans joined all Democrats to reject the GOP's tax and spending package in a House Budget Committee vote.

The sweeping tax bill failed to clear a key hurdle, as hardline Republicans wanting deeper cuts blocked it, a rare ...