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

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

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

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 ...

US Treasury scraps crypto broker reporting rules, easing compliance burdens and boosting optimism in the digital asset sector ...

Consumers may rush to lease or buy an electric vehicle this summer to qualify for a federal tax credit that ends after Sept.

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

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

A proposed IRS rule requiring decentralized crypto platforms to report user transactions has been officially withdrawn, marking a win for industry advocates.

The Survivor Justice Tax Prevention Act aims to correct a long-standing injustice by exempting civil settlements for ...

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 ...