Millions of retirees are about to see a rare kind of tax change: one that actually shrinks the IRS bill on their Social Security benefits. A new federal deduction gives qualifying older taxpayers up to $6,

President Donald Trump’s so-called One Big Beautiful Bill Act will shift billions in costs for SNAP and Medicaid to states. But with 26 having cut or eliminated state income taxes just since 2021, they may not have the money to continue the programs.

Millions of people receive a federal tax deduction for the interest they pay on home loans. Under President Donald Trump’s new tax-cut law, many people for the first time also could claim a tax deduction for interest on their vehicle loans. The new tax ...

The Florida House moved forward with four property tax cut bills Dec. 2, despite concerns they would result in drastic cuts in services.

President Ronald Reagan pushed massive tax cuts through Congress shortly after taking office in 1981. But when the country’s budget started bleeding red ink, Reagan reversed course and raised taxes in 1982 and 10 more times after that. Similarly, the ...

For those skeptical that a simple tax reform could lead to more homes on the market and lower home prices, it helps to look at the last time the capital gains tax was reformed. The 1997 Taxpayer Relief Act replaced a one-time capital gains exclusion for homeowners over age 55 with the current thresholds.

President Donald Trump displays the signed bill during a ceremony for the One Big Beautiful Bill Act on the South Lawn of the White House in Washington, D.C A new study from the Tax Foundation estimates that the One Big Beautiful Bill Act will reduce ...

President Trump has once again defied the odds and the Washington establishment. With the stroke of a pen, the “big, beautiful” budget bill became law on July 4, delivering a stunning victory for his second-term agenda and a bold affirmation of his ...

Americans are facing an affordability crisis after 40-year high inflation under the Biden administration. A quarter of U.S. households are living paycheck to paycheck, while 56% of voters say that affordability is their top concern.