The law is creating backlash from the gambling industry and bettors who could owe taxes even if they break even.

Both the House of Representatives and the Senate have launched efforts to undo the change to the tax laws regarding gambling.

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

Congress passed a giant tax bill that includes the Senate's SALT changes that allow rich Americans in high-tax states to save ...

U.S. Senate Republicans on Monday unveiled proposed changes to President Donald Trump's sweeping tax-cut and spending bill that would make some business-related tax breaks permanent while making more ...

Senate GOP leaders are looking to avoid a repeat of the lengthy and sometimes bewildering floor process that led to the ...

While the two bills are similar on the major tax provisions, how they work out their differences in the coming weeks will ...

All eyes are now on the House after the Senate narrowly passed a major tax cut and spending bill that is the centerpiece of ...

The $40,000 cap would begin this year, with the same $500,000 income phaseout, and both figures would rise by 1% annually ...

A CNBC Special Report looks into the possible impacts the “one big, beautiful” bill could have on higher education, ...

Taxpayers earning $1 million or more are expected to see a boost in after-tax income of about 3% under the One Big Beautiful ...