An under-the-radar provision inside President Donald Trump’s “One Big, Beautiful Bill Act” will reduce the amount of gambling ...

The IRS has issued a request to taxpayers with extensions for their 2024 federal tax returns to file them in the summer months.

The rule was introduced by former President Lyndon B. Johnson in 1954 when he was serving as the U.S. Senate majority leader.

A new tax break aimed at seniors may lighten the load on retirees’ Social Security income, but it’s not as sweeping or ...

Something "Big" but not so "Beautiful" is raising alarm bells in the Las Vegas tourism industry, but international tourists are unaffected.

The sprawling budget bill signed into law by President Donald J. Trump on July 4 after it squeaked through Congress has many ...

The US Treasury repeals controversial crypto tax rule, signaling a shift towards pro-crypto policies for industry growth.

A small provision added to President Donald Trump’s “One Big Beautiful Bill Act” — that came to light days before the ...

A proposed IRS rule requiring decentralized crypto platforms to report user transactions has been officially withdrawn, marking a win for industry advocates.

Poker players say tax change in Trump bill will kill professional gambling. Rep. Mark Amodei from Nevada says he didn't know ...

Under prior law, taxpayers could deduct gambling losses up to the extent of their winnings from their taxable income. A provision tucked into the new tax law advanced by the Republicans lowers that ...

An obscure provision in Donald Trump's 'big, beautiful bill' reduces the amount gamblers can deduct from taxes for betting ...