The U.S. Senate has passed a new bill that would offer a tax deduction on tips worth up to $25,000. This bill, if enacted into law, would also extend to business tax credits for payroll taxes on ...

The popular no-tax-on-tips provision and another carve-out for overtime pay are both in the "big, beautiful" tax bill unveiled by House Republicans Monday. Why it matters: Exempting tipped income ...

A "big, beautiful tax bill," as it has been titled, is making its way through Congress. But how big and beautiful is it for you? In a big win for President Donald Trump, the bill won approval from ...

House Republicans on Thursday narrowly passed what they’re calling the “One Big Beautiful Bill,” which consists of more than 1,000 pages of legislation making changes to everything from ...

The Republican tax and spending bill taking shape on Capitol Hill contains all sorts of new tax breaks — but if the bill becomes law, the challenge for everyday Americans may be understanding ...

One tax break that isn't in the bill: Mr. Trump's suggestion last year that seniors shouldn't have to pay income taxes on Social Security benefits. "Seniors should not pay taxes on Social Security ...