For the 2025 tax year, the standard deduction is $15,000 for individual filers, and $30,000 for joint filers. If the tax cuts ...

The decline was steeper than economists’ median forecast of a 0.3% contraction, raising the risk of a technical recession if ...

House Republicans are preparing to push their hard-fought package of tax breaks and spending cuts through its next hurdle in ...

Of course, the most significant part of the tax plan is to make the tax cuts enacted during Trump's first term permanent.

The Republican reconciliation package seeks to extend tax cuts and put in temporary new ones, while cutting spending on social safety nets. Passage is not certain and changes are likely to come.

As the US and China came to an agreement to lower tariffs sharply this week, trade war uncertainty has, for now, subsided.

As Republicans try to downplay any insinuation that their sweeping MAGA budget bill will cut Medicaid, one key GOP lawmaker ...

This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, senior economy ...

The bill, which Republicans will be working to pass over the next several weeks, is the centerpiece of Trump's legislative ...

Wealthy Americans and business investors are among the big winners in GOP draft tax legislation, while immigrants and elite ...

A Republican-backed House bill includes a range new tax breaks, including a $4,000 deduction for seniors. Here's what to know ...