Gambling losses will have a sharper bite next year under a new federal law. An under-the-radar provision inside President Donald Trump’s “One Big, Beautiful Bill Act” will reduce the amount of gambling losses someone can deduct on their taxes.

President Trump signed the "One Big Beautiful Bill Act" into law, enacting a comprehensive tax bill that affects tipped workers.

The tax preparers were convicted after a multi-million dollar fraud scheme targeting the IRS came to light, authorities said.

The final day has passed for Governor Abbott to veto legislation that was approved during Texas’ 89th Legislature Regular Session. While the governor has called a special session commencing July 21, he has not identified any tax bills for further consideration.

President Donald Trump got his wish, signing the much-debated "Big, Beautiful Bill" on July 4. The spending bill passed the House of Representatives on July 3 by a vote of 218-214.

Texas lawmakers Sens. John Cornyn and Ted Cruz celebrated priority provisions for their constituents with the recently passed One Big Beautiful Bill Act, which allocates $85 million to study moving the space shuttle Discovery back to Texas and support new infrastructure for NASA.

Four tax preparers convicted of defrauding the IRS of nearly $8 million have been sentenced to a combined 105 months in federal prison.

After dozens died in the Hill Country floods, flood alerts, sirens, and relief top Gov. Abbott's special session agenda. Here's what else he's demanding action on ⬇️