President Donald Trump made another bold assertion about tax cuts during his nationally televised address to the nation from the White House on Wednesday, Dec. 18. His speech was directly aimed at ...
A new law capping gambling loss deductions at 90% went into effect on Jan. 1, 2026. The new gambling tax policy forces players to pay taxes on winnings even when they break even or lose money overall.
Americans are gearing up for tax season and will see some major changes when they file their taxes this year. Thanks to the passing of President Donald Trump’s One Big Beautiful Bill Act (OBBBA), ...
A leading contender to become President Trump’s next Federal Reserve chair said the administration expects larger tax refunds and higher take-home pay next year, as many Americans continue to express ...