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.

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

Four members of a North Texas family are accused of stealing millions of dollars from the federal government using fraudulent tax returns. Beginning in 2016, federal authorities say a father and his twin sons filed false tax returns using phony names and trusts, seeking more than $8.5 million in tax refunds.

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 ⬇️