tax deductions lower your taxable income by letting you subtract certain expenses. If you, your spouse or a dependent have federal or private student loans, for example, you can deduct up to $ ...

"In the coming weeks and months, we will pass the largest tax cuts in American history," Trump said on Tuesday.

wichayada suwanachun / Getty Images Tax-exempt interest is interest income that is not subject to federal ... may be taxed at the state level. For example, a California resident who buys a ...

tax cuts, and increased funding in certain areas. The bill includes a proposal to eliminate federal income tax on overtime pay. The bill needs Senate approval and the President's signature to ...