The massive budget bill passed by the House includes new tax breaks for tipped workers and those who get overtime.

A new tax and spending bill, dubbed the 'One Big Beautiful Bill,' proposes a temporary $4,000 deduction for seniors, diverging from Trump's promise to eliminate Social Security taxes.

The Congressional Budget Office warned that exempting overtime pay from income taxes could lead to $124 billion in lost tax revenue. It’s too soon to say whether the overtime ta

April, 30-year mortgage rates have now ticked higher for four consecutive weeks. That brings them to about their highest level in a year.

Navigating the complexities of Trump's 'One Big Beautiful Bill' is crucial for anyone managing personal finances in the U.S. This proposed legislation could significantly alter your financial landscape,

The tax bill passed by the House of Representatives on May 22, called the “One Big Beautiful Bill Act,” has more than 1,000 pages of tax-related changes, including several breaks for high earners. It extends many provisions of the Tax Cuts and Jobs Act of 2017, which was scheduled to expire at the end of 2025, and adds some new benefits, too.

Michael Dowling, CEO of Northwell Health, stands with Reps. Tom Suozzi (D-Glen Cove) and Laura Gillen (D-Rockville Centre) as they address the potentially harmful consequences of cuts to Medicaid, SNAP, and other safety-net programs in the recent House-passed budget reconciliation bill on Wednesday in Levittown. Credit: Newsday/Howard Schnapp

US Congressman Mike Flood faced a torrent of boos and jeers as he spoke to town hall attendees in his Nebraska district on May 27, one of the first held nationwide as House GOP leaders return home after passing President Donald Trump's sweeping tax policy bill.