Interest income from Indian bank accounts is not necessarily tax-free for foreign resident children. Here's how it is taxed ...

Currently, the excise tax on all charitable foundations is 1.39%, but the proposed legislation would enact rates of 2.78%, 5% ...

A mother struggling with schizophrenia, extreme poverty, and the demands of raising a teenager is now facing a $32,000 bill ...

A progressive tax is when the tax rates increase (or “progresses”) as the taxable income increases for an individual or a ...

As retirement nears, preserving your hard-earned savings while still capturing growth can feel like walking a tightrope. For ...

Texas Republican Sen. Ted Cruz has provided a big update after the Republican-controlled U.S. Senate voted 100-0 to pass his ...

How many Ohioans are on Medicaid? How does the Senate budget bill affect Ohio? How does it change taxes on tips and overtime? Here's what to know.

The Senate Committee on Finance argues that its proposal of changes to the bill "prevents the largest tax hike in history." ...

Republicans want to change or reduce key social safety net programs that provide health care, food benefits and financial ...

The Senate is beginning to consider Republican leadership’s tax and budget reconciliation legislation. Follow this space for ...

Here’s our hot take on some of the Senate’s work in progress on the “big, beautiful,” tax-and-spending bill, as viewed not in ...