House Republicans have unveiled legislation that could permanently extend Trump-era tax cuts. The proposal would prevent ...

The GOP tax and spending bill raises the child tax credit from $2,000 to $2,200, adjusts it annually for inflation, and ...

The Child Tax Credit (CTC) has long been a cornerstone of financial support for families with children in the United States. Currently, parents earning $200,000 or less can claim a $2,000 credit per ...

Congress is trying to increase the maximum credit amount through its budget reconciliation process, but the chambers differ ...

The U.S. Senate has yet to pass the legislation and tee up a final vote in the House, but before the news breaks in ...

This version of the budget bill would contribute to an average net gain of $12,000 to wealthy families and a $1,600 net loss ...

H.R. 1, the One Big Beautiful Bill, manages to be the worst of both worlds. It spends an eye-watering amount our country can ...

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