Since taking office, Mr. Trump has raced to enact his economic vision, aiming to pair generous tax cuts with sweeping deregulation that he says will expand America’s economy. He has fashioned his steep, worldwide tariffs as a political cudgel that will raise money, encourage more domestic manufacturing and improve U.S. trade relationships.

Worried about IRS wage garnishment? Here's what to know about your options before more of your paycheck disappears.

Immigrants and wealthy universities, as well as foreign companies, would see higher taxes under the House-passed bill.

The budget bill approved by the House promises to benefit many food workers, but some details are still unclear.

Under the bill, employees would be eligible for an annual income tax deduction of $25,000 for some types of cash tips.

If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phase out over $500,000.

House Republicans passed their extensive 1,116-page tax bill and have sent it to the Senate. The name of the bill is H.R.1 - One Big Beautiful Bill Act (OBBB). The administration has set a July 4th target date for passage. This is a tight schedule; however, the administration and President Trump have made this bill a legislative priority.

Lawmakers are close to a deal that would raise the SALT cap to $40,000—offering potential tax relief for homeowners in high-cost states.