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Millions of recipients could soon be entitled to the tax break, should the provision make its way into the final bill.
Eligibility for the $4,000 deduction is subject to income-based restrictions. The deduction decreases by four percent for ...
The Social Security and Medicare Fair Share Act proposes targeting payroll tax loopholes for high-income earners.
A new bill would tax income over $400K to help fix Social Security’s funding gap and avoid 17% benefit cuts by 2035.
How what Trump has called his “big, beautiful bill” could change the federal government and the U.S. economy.
Additionally, President Trump last month pushed Congress to approve a "big, beautiful" tax and spending bill that fulfills ...
Trump reversed former President Joe Biden's overpayment and recovery rules by implementing a 50% clawback rate on a person's ...
President Trump wants to eliminate taxes on Social Security benefits, but experts say the move could backfire.
TPC found that, on average, all income groups would benefit from the tax proposals. But more than two-thirds of the tax cuts ...
House Republicans on Monday outlined their plans for a far-reaching tax bill that would deliver on several of President Trump ...
Freeing Americans from income tax for their first 25 years in the workforce would transform lives—and the nation.
Bringing an end to overtime pay taxes was a campaign promise from President Donald Trump in the run up to the 2024 election.