Some lawmakers and President Trump want to offer overtime tax relief. But will a tax deduction or an exemption help you most?

The GOP's latest fiscal proposal introduces a temporary $4,000 tax deduction for seniors, diverging from previous promises to eliminate Social Security taxes.

The House GOP's new tax proposal introduces a $4,000 deduction for seniors, aiming to ease financial burdens amid rising living costs. This initiative, part of a $4 trillion tax plan, targets ...

House lawmakers on Thursday morning passed changes for the federal deduction for state and local taxes, known as SALT, as part of President Donald Trump’s tax package.

Senate's unanimous approval of a tax deduction bill on tips, championed by Sen. Ted Cruz, could affect 4 million workers in tipped occupations.

If passed by the Senate, the new expanded SALT cap would benefit millions of big earners in high-tax states, including New York, New Jersey, Pennsylvania, Maryland, Oregon and California.

As lawmakers debate which tax cuts to include in their historic reconciliation bill, a 15% corporate tax rate and a broad, 25% small business deduction should be the centerpieces.

The victims pulled money out of their retirement accounts. The withdrawals had inflated their taxable income, even though the funds quickly disappeared.

The west Michigan Republican introduced a bill to allow a tax deduction on American-assembled vehicles, a proposal Trump made on the campaign trail.

Republicans are at loggerheads over the fate of a controversial tax deduction that is critical to winning enough votes in the House to pass Trump’s agenda.

A key tax deduction is tripling under a new proposal in Congress, but it’s not enough for some Republicans, threatening President Donald Trump’s legislative agenda.

President Donald Trump ’s first-term tax law, approved in 2017, capped the SALT deduction at $10,000 — the first across-the-board cap on the deduction in its history. That may soon change.