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Treasury Secretary Steven Mnuchin says his tax rate actually went up after Trump’s tax cuts — and the reason why makes perfect sense
The cap on the state and local tax deduction has caused wealthy taxpayers in New York and California, like Steve Mnuchin, to pay more this year.
Trump once promised to eliminate the national debt in 8 years — but his new budget shows the president is going in the opposite direction
Candidate Donald Trump promised to eliminate the debt "over a period of eight years," but the presidential budget shows that isn't going to happen.
After three weeks of data showing the average tax refund was smaller than last year, the IRS announced Thursday that refunds are up 1.3% on average.
11 million Americans could be affected by a big change in Trump’s tax plan, and a CPA says he’s getting frantic calls about it
The new tax law capped the annual deduction for state and local taxes (SALT) at $10,000, which likely affects rich homeowners in blue states the most.
President Donald Trump fell short of his long-promised goal of 3% GDP growth in 2018, and economists expect he'll be disappointed in 2019 too.
Democrats claim the decline in Americans’ tax refunds is proof the GOP tax law screwed over the middle class — but the truth is more compl...
The decline in tax refunds isn't actually proof that Republicans' tax law, the Tax Cuts and Jobs Act, increased taxes on the middle class.
It's the first tax season under the new tax law President Donald Trump enacted in late 2017 and some filers are complaining of a smaller refund.
Bernie Sanders just introduced a new plan to raise the estate tax for America’s billionaires all the way to 77%
Sen. Bernie Sanders wants to increase the estate-tax rate for wealthy Americans, including Jeff Bezos, Warren Buffett, and Mark Zuckerberg, to 77%.
The Tax Cuts and Jobs Act changed the tax treatment of alimony. Spousal support payments are no longer tax deductible for the payer.
A new report predicts huge swaths of Americans should expect bigger tax refunds — but not everyone is set to benefit
The new GOP tax law went into effect at the start of 2018, and a UBS analysis suggests it could have a big impact on federal tax refund checks.