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

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 Social Security Administration reportedly sent out an email claiming the policy bill “eliminates federal income taxes on ...

Trump says the "Big Beautiful Bill" eliminates taxes on Social Security benefits. However, the bill's text shows that's not ...

House Republicans struggle to pass Trump's tax bill as Freedom Caucus demands changes, with failure potentially leading to a ...

New York Democrats blasted coming harm to safety-net programs as Republicans celebrated the completion of a huge package of ...

President Trump’s domestic agenda bill spans military and immigration measures, major cuts to national healthcare, and ...

"On Long Island, the messaging battle will take place over SALT," said Levy, referring to the $10,000 cap on state and local ...