A key provision included in the law will raise the cap on the State and Local Tax (SALT) deduction to $40,000.

At a Fourth of July White House picnic, President Donald Trump signed a major tax and spending bill, celebrating its passage ...

U.S. President Donald Trump signed into law a massive package of tax and spending cuts at the White House on Friday, staging ...

Flanked by Republican legislators and members of his Cabinet, Trump signed the multitrillion-dollar legislation at a desk on ...

In a speech from the White House balcony facing the South Lawn, Trump thanked Republican lawmakers who helped usher the bill ...

A provision that allows bettors to deduct only 90 percent of their losses threatens to drive some professionals to other ...

What the bill does do is provide a temporary tax deduction of up to $6,000 for seniors aged 65 and older. The tax break is ...

The president’s sweeping domestic policy achievement extends his expiring 2017 tax cuts, but could cause millions in the U.S.

US President Donald Trump is to sign his landmark policy bill into law, a day after it was narrowly passed by Congress. The ...

The GOP tax bill stands to deliver a $170 billion windfall to turbocharge immigrant detentions and deportations. But public ...

The bill is deeply unpopular - with nearly 2-to-1 opposition, according to a Washington Post-Ipsos poll conducted in June.