Nixing income taxes was one of President Donald Trump's top policy promises during his 2024 election campaign.

Nev., called up the bipartisan bill for immediate passage, and no senator objected. The measure now goes to the House.

Republicans’ tax-and-spending cut package faces a number of hurdles in its path to President Trump’s desk, but the state and local tax (SALT) deduction cap could be the tallest to surmount. Tax writers on the House Ways and Means Committee have offered to raise the cap to $30,

No matter how Republicans try to spin it, the “big, beautiful bill” is just another bloated big-spending grab bag crafted out of desperation rather than deliberation.

Medicare tax is taken out of your paycheck to pay for Medicare Part A, which provides hospital insurance to seniors and people with disabilities. The total Medicare tax amount is split between employers and employees, each paying 1.45% of the employee's ...

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The lower chamber gave initial approval to Senate Bills 4 and 23, both by Sen. Paul Bettencourt (R-Houston), which would increase the homestead exemption. The current homestead exemption is $100,000 for most homeowners and $110,000 for seniors and people with disabilities.

The additional Medicare tax is a 0.09% tax on taxpayers who make over $200,000 as individuals or $250,000 as married couples. Started in 2013 as part of the Affordable Care Act, it helps fund care ...

A Republican-backed House bill includes a range new tax breaks, including a $4,000 deduction for seniors. Here's what to know.