The plan, part of the Republican domestic policy bill, includes all but the wealthiest families. But states must opt in, which could limit its reach.

The popular child tax credit will receive a slight boost from President Trump’s signature tax and spending bill – but there are caveats.

Congress has signed off on a $3.4 trillion legislative package featuring new tax breaks, spending cuts, and more funding for defense and immigration enforcement, delivering President Donald Trump his ...

“America needs to fix its broken immigration system. Bipartisan reform attempts have repeatedly failed over more than three decades, as Congress has kicked the can down the road without solving ...

Congressional Republicans gave final approval to a federal budget bill that makes historic cuts to social safety net ...

The ink is not even dry on the far-reaching domestic policy law that President Trump signed on Friday, and already state governments are bracing for impact as Washington shifts much of the burden for ...

Compared to its House counterpart, the Senate bill makes certain tax provisions more generous, including corporate tax breaks ...

It is clear that this tax credit has the potential to come with an enormous cost if private school groups are successful in ...

How much money you save with tax deductions, which reduce your taxable income, depends on your bracket. Deductions are more valuable to higher-income households and less beneficial for lower earners, ...

The Trump megabill will give the top 1 percent tax cuts totaling $1.02 trillion over the next decade. For comparison, the ...

The endlessly debated cap on deductions for state and local taxes (SALT) has emerged in the GOP megabill largely ...

Today the Senate passed the tax and spending megabill, sending it to the House. See below for a statement from ITEP as well ...