A CNBC Special Report looks into the possible impacts the “one big, beautiful” bill could have on higher education, ...

The "big, beautiful" bill, signed into law by President Trump, extends tax cuts, increases the Child Tax Credit, reduces taxes for tips and overtime, creates Trump Accounts for parents to save for ...

One Big Beautiful Bill' makes 529 plans more flexible, some skeptics say the education savings plans still may not be ...

In most cases, personal loan interest is not tax deductible because you generally can't deduct personal expenses. There are certain situations where personal loan interest is tax deductible, like ...

Key Points ・The student loan interest deduction can reduce your taxable income by up to $2,500 per year. ・You do not need to ...

As college costs rise, parents are resorting to increasingly costly means to pay for their children's educations. The loss in retirement savings is rarely recovered.

Senate Republicans’ tax bill raises the “SALT” deduction cap to $40,000. Here’s who could benefit from the change.

Senate Parliamentarian Elizabeth MacDonough rejected Republicans' effort to exempt some religious schools, including Hillsdale College, from an income tax, as well as to deregulate gun silencers.

The House wants to raise the SALT deduction cap, which would help wealthy Californians pay less in federal taxes. The Senate wants to keep it where it is.

A tax deduction reduces your taxable income and how much tax you owe. You can itemize your deductions or take a fixed amount with the standard deduction.