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House tax bill would scrap deduction for medical expenses

House tax bill would scrap deduction for medical expenses

The tax bill unveiled by Republicans in the House on Thursday would not, as had been rumored, eliminate the tax penalty for failure to have health insurance. But it would eliminate a decades-old deduction for people with very high medical costs. The controversial bill...
Here’s what’s in the Senate tax bill

Here’s what’s in the Senate tax bill

Republicans crossed another major hurdle in their effort to get a tax bill to President Trump’s desk by Christmas. In the early hours of Saturday morning, the Senate passed a sweeping tax overhaul bill in largely party-line vote. Just one Republican, Tennessee...
Senate and House differ on key points

Senate and House differ on key points

The tax overhaul bills passed by the Senate and House would likely to change your tax return in ways large and small — which credits you can take, what you can deduct, how much you pay. But they differ on key points. You’ll be hearing a lot about those...
How the GOP tax bills hurt undocumented immigrants

How the GOP tax bills hurt undocumented immigrants

The tax bills passed by the House and the now the Senate include slightly more generous benefits for parents. Unless their children are undocumented immigrants. Currently, non-citizens filing taxes using an Individual Taxpayer Identification Number, or ITIN, are...