News

The fate of the state and local tax deduction, or SALT, is dividing lawmakers by geography as well as politics.
Congress is likely to pass a tax cut on tipped wages this year. What we know about President Donald Trump's "one, big, ...
If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phase out ...
The spending bill passed by the U.S. House increases a tax the richest private universities pay on their endowment investment ...
The cost for a 30-year fixed-rate mortgage crept up to levels not seen since February, reflecting bond market fears over ...
Under the bill, employees would be eligible for an annual income tax deduction of $25,000 for some types of cash tips.
The Dow closed lower by 817 points, or 1.91%. The broader S&P 500 slid 1.61% and the tech-heavy Nasdaq Composite fell 1.41%.
Chances of a close brush with a US payment default are growing as the Senate plans for time-consuming revisions to President ...