News

Tax Breaks for 529 College-Savings Plans Expand in GOP Tax Bill
Savers might soon be able to use popular plans for much more than college.
Bessent Sees Deficit Falling Over 10 Years After Tax-Cut Bill
Treasury Secretary Scott Bessent said that there are a number of different assessments of the deficit impact of Republicans’ ...
Senate Republicans Want to Trim Some of Trump’s Populist Tax Cuts
G.O.P. senators are considering whether to further curb the president’s favorite tax cuts as they rewrite key portions of the ...
GOP can’t agree whether Trump’s bill would shrink, or grow, deficit
President Trump and Speaker Mike Johnson say their tax-and-spending bill will slash the deficit. A growing number of their ...
States would struggle to administer food stamp benefits under Republican tax bill
U.S. states will not be able to fully administer food stamp benefits for millions of the nation's poor if a proposal in the ...
GOP Budget Bill Could Kill IRS Direct File Free Tax Prep Program
Direct File, the IRS’ free alternative to commercial tax-preparation services, is facing potential elimination as Congress ...
Treasury chief says 'remains to be seen' if Trump tax bill will add to $36T national debt
Treasury Secretary Scott Bessent is on Capitol Hill testifying before the House Ways & Means Committee hearing.
AI provision in ‘big, beautiful bill’ splits Republicans
An artificial intelligence provision in the House version of the Republican tax cuts and spending legislation is dividing the ...