Further into the future, the bill will likely saddle America with a higher fiscal deficit, as tax cuts are coupled with increased spending on defense.

WASHINGTON (AP) — The multitrillion-dollar tax breaks package passed by House Republicans early Thursday would gut clean energy tax credits that Democrats approved three years ago while supporting increased mining, drilling and other traditional energy production.

Unsure of how to pay off your IRS debt? Asking these key tax relief questions now could help you find a solution.

President Trump's tax plan has sparked concern among investors, driving Treasury bond yields to a nearly two decade high, amid growing worries over U.S. debt.

The carried interest loophole refers to a provision in the U.S. tax code that allows investment fund managers, like private equity executives, to pay a lower tax rate than normal,

Tax filing deadline looms for one group of U.S. taxpayers -- those who are U.S. citizens or resident aliens now working or living abroad.

The House’s draconian cuts to former President Joe Biden’s landmark climate law won’t fly in the Senate, key Republican senators said Thursday. Just hours after the House narrowly passed a massive tax and spending bill gutting key clean-energy tax incentives,