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The "no tax on tips" provision in the spending bill creates a new deduction for tipped workers, eliminating what they owe in federal income tax. Tipped workers still have to pay state and local ...
General tax provisions At the heart of the bill is a roughly $4 trillion tax cut that extends the cuts Republicans passed in 2017. Without this extension, most Americans would see a tax increase.
In a sweeping new fiscal package, lawmakers have unveiled a major overhaul of tax policy, federal spending, and entitlement programs. Here's a breakdown of what’s in the plan.
Washington – President Donald Trump’s big bill to enact a sweeping domestic policy agenda won final approval in the House of Representatives on Thursday after an all-night session in which ...
The new budget package will still cut $2 million from the state’s Public Library Fund. Directors say that will take away close to $900,000 over the next two years in local support.