The 'One Big Beautiful Bill Act' (OBBBA), signed by President Trump on July 4, 2025, introduces a groundbreaking change for ...

Tax breaks in the megabill, like no taxes on tips and overtime, only apply to people at certain income levels.

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

The sweeping domestic policy bill that passed the House on Thursday will boost the standard deduction for senior citizens by ...

The IRS lost 26% of its 102,000-person workforce to layoffs and buyouts this year through early June, amid a larger effort by ...

When you file your tax return, your reported tips are included on your W-2 and added to your other income to determine how much you owe. Even if you get paid in literal cash, the IRS expects you ...

President Donald Trump signed into law a sweeping tax and spending package that significantly raises the federal excise tax ...

The bill is deeply unpopular - with nearly 2-to-1 opposition, according to a Washington Post-Ipsos poll conducted in June.