A key provision included in the law will raise the cap on the State and Local Tax (SALT) deduction to $40,000.

A provision that allows bettors to deduct only 90 percent of their losses threatens to drive some professionals to other ...

What the bill does do is provide a temporary tax deduction of up to $6,000 for seniors aged 65 and older. The tax break is ...

Trump signed the multitrillion-dollar legislation outside the White House, and then banged down the gavel that House Speaker ...

The president’s sweeping domestic policy achievement extends his expiring 2017 tax cuts, but could cause millions in the U.S.

US President Donald Trump is to sign his landmark policy bill into law, a day after it was narrowly passed by Congress. The ...

President Donald Trump plans to sign his package of tax breaks and spending cuts into law Friday after his cajoling produced ...

At a Fourth of July White House picnic, President Donald Trump signed a major tax and spending bill, celebrating its passage ...

President Donald Trump signed his $3.4 trillion budget bill into law Friday, enshrining an extension of tax cuts, temporary ...

Trump is expected to sign the bill on Friday around 5 p.m. ET at a White House celebration for the July 4 Independence Day ...

Different provisions of the GOP tax and spending bill will kick in over the next year or so. Many are set to expire just ...

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