The House-passed bill includes a large tax cut, as well as more money for defense and immigration enforcement, financed in part by slashing health, nutrition, education and clean energy programs.

House passes Trump's deficit-swelling tax bill, with big Medicaid changes The House proposal would enact President Donald Trump's major campaign promises while dramatically changing Medicaid, food ...

The 1,100-page bill, which squeaked through the House on Thursday by a single vote, will now go to the Senate, where more changes are likely.Here's what to know about the provisions as they now stand ...

What Republicans’ new tax bill would mean for state and local tax deductions. The fate of the state and local tax deduction, or SALT, is dividing lawmakers by geography as well as politics.

Trump's tax policy bill clears the House. Next up: An opinionated Senate Republicans hope to finalize Trump's tax and policy bill by the end of July in order to avoid a debt default.

Trump Bill Would Raise Estate Tax Exemption to $15 Million and Make It Permanent. The big tax-and-spending bill in Congress would introduce certainty when it comes to death and taxes. By .

The bill, which the House passed early Thursday, ... How a New $40,000 SALT Cap Would Affect Your Tax Bill. A single high-earner might get a boost, but a modest-income married couple might not. By .

The tax and spending legislation, called the "One, Big, Beautiful Bill" Act, redirects money to the military and border security and includes cuts to Medicaid, education and other domestic programs.

However, the bill does include temporary tax relief for seniors in the form of a $4,000 deduction for individuals over the age of 65 filing their taxes. Although, this temporary break may be ...

No taxes on tips or overtime . The bill includes temporary changes designed to make good on several of Trump's campaign pledges, including no taxes on overtime earned between 2026 and 2028.

The tax credit would be worth 10% of a Hoosier homeowner's property tax bill, up to $300, meaning Hoosiers that see property tax bills of $3,000 or more would receive the full $300 discount.