The law is creating backlash from the gambling industry and bettors who could owe taxes even if they break even.

The "Big Beautiful Bill" that just passed the House and Senate and flew off of Trump's desk like a broadside will launch a ...

Nevada Democrat Catherine Cortez Masto sought to pass legislation that would restore full deductibility of wagering losses.

The Senate also pulled out a change to the Pell Grant program, which provides federal aid to low-income students to attend ...

(The Center Square) − The U.S. Senate has passed the Filing Relief for Natural Disasters Act, a bipartisan bill sponsored by ...

Congress passed a giant tax bill that includes the Senate's SALT changes that allow rich Americans in high-tax states to save ...

The Senate budget bill would have imposed an excise tax on certain wind and solar projects with foreign materials.

The Senate version includes a larger charitable deduction for non-itemizers than the House version, but it also sets a floor and a cap for wealthy donors, which could reduce giving.

Senate Republicans’ tax bill raises the ‘SALT’ deduction cap to $40,000. Here’s who could benefit from the change.

From gun silencers to the child tax credit, there are several secluded provisions lurking in the Senate's version of sweeping ...

The bill would extend tax cuts from Trump’s first term and slash more than $1.1 trillion from Medicaid and other health-care programs.

The changes made to President Donald Trump’s big tax bill in the Senate would pile trillions onto the nation’s debt load ...