House Republicans have missed another deadline to produce a massive budget package of tax cuts and slashed spending ...

When Republican President Donald Trump started his nonconsecutive second term on Monday, January 20, small GOP majorities in ...

For the richest people in the world, a sports team is the ultimate trophy — and one that comes with some appealing tax advantages. Now, those writedowns are at risk from President Donald Trump.

Top Trump administration officials are openly questioning the judiciary's authority to serve as a check on executive power as ...

President Donald Trump said he will announce on Monday that the United States will impose 25 percent tariffs on all steel and ...

President Donald Trump said on Friday he plans to announce reciprocal tariffs on many countries by Monday or Tuesday of next week, a major escalation of his offensive to tear up and reshape global ...

House Speaker Mike Johnson said Sunday that Republicans will find spending cuts to offset President Trump’s push for tax cuts, which a nonpartisan budget analysis estimates will cost at least $5 ...

The U.S. House of Representatives speaker said on Sunday he would stick with a "one big bill" strategy to pass President ...

This steely new language was a win in America’s long quest to get its allies to show more solidarity with Taiwan. Yet in the ...

President Donald Trump says he will also impose "reciprocal tariffs" on any countries who place tariffs on the US.

Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and benefits available to you to reduce your ...