While a change to the maximum credit sounds good, the approved Senate proposal does not change how much of said credit is ...

The recent passage of the 'One Big Beautiful Bill Act' marks a significant shift in tax policy, with notable changes to the ...

The House and Senate passed the massive spending and tax bill that includes signature policies of President Trump's ...

The bill extends portions of the Tax Cuts and Jobs Act, provides deductions to eliminate income taxes on certain tips and ...

Initially, the legislation included a requirement that at least one parent of a child using the accounts have a Social ...

The number of Kentucky children who qualify for a tax credit intended to help lift families out of poverty will decrease under the President Donald Trump-backed federal spending bill ...

As Congress sends its latest tax proposal to President Donald J. Trump, both the House and Senate versions of the One Big ...

One big, beautiful' bill ends taxes on overtime and tips, makes middle-class tax cuts permanent, and expands child tax credit ...

The Senate also pulled out a change to the Pell Grant program, which provides federal aid to low-income students to attend ...

From gun silencers to the child tax credit, there are several secluded provisions lurking in the Senate's version of sweeping ...

Under current law, the maximum child tax credit is $2,000, which will revert to $1,000 after 2025 without action from Congress. Both House and Senate proposals would increase the top credit, but ...