Here's what to know about Medicare's new spending cap Starting Jan. 1, 2025, millions of Americans who get their prescription drugs through Medicare could get a major financial break when a $2,000 ...

Their average individual income tax cut was only about $6,200, instead of $8,700. The cap had an even greater impact on taxpayers in the top 1%, whose average tax cut was $40,100, instead of $71,000.

House Speaker Mike Johnson reached a tentative deal with blue state GOP lawmakers on Tuesday to boost the cap on state and local tax deductions, or SALT, to $40,000.

An assessment limit sets a cap for how much the assessed value of your property can increase from one period to the next. (For example, an assessment limit might not allow your home’s assessment ...