Taxes February 11, 2025
Ford Motor Co. CEO Jim Farley warned that if the federal government under President Trump repeals provisions of the Biden administration's Inflation Reduction Act like the electric vehicle battery production tax credits, the company could have to look at layoffs.
IRS July 25, 2024
Danny Werfel said he's "fairly optimistic" the Supreme Court ruling won't deter future efforts to provide better taxpayer services.
Taxes July 24, 2024
Notice 2024-60, issued by the IRS on July 24, details how taxpayers can claim the credit for the sequestration of carbon oxide.
Taxes July 23, 2024
Donald Trump’s 2017 Tax Cuts and Jobs Act was the biggest corporate tax cut in U.S. history. But how has it affected the economy?
Taxes July 12, 2024
Small businesses are about to face a tax hike that will hurt workers and weaken communities if Congress does not take action.
Taxes July 11, 2024
The agency has launched several initiatives targeting wealthy individuals and large companies in an effort to close the tax gap.
Taxes July 10, 2024
These FAQs address which entities must apply for registration for the tax credit pursuant to Notice 2024-49, which the IRS issued in June.
Taxes July 9, 2024
Lineup changes on the House Ways and Means and Senate Finance panels pose challenges and possibilities in extending tax cuts.
IRS June 24, 2024
As of March 31, the IRS has spent $5.7 billion, or 10%, of the $57.8 billion it will receive from the Inflation Reduction Act, TIGTA says.
Taxes June 10, 2024
Opinion: Tax cuts aren't cures. What's needed is the courage to reform an unfair, unbalanced and underperforming tax system.
Taxes June 5, 2024
Fuel producers eligible to claim the Clean Fuel Production Credit starting Jan. 1 should apply for registration ASAP, the IRS said.
Taxes June 3, 2024
Unlike earlier iterations of working groups leading up to the 2017 tax law, the House Ways and Means tax teams are Republican-only.
Benefits May 30, 2024
Misinformation about a fourth stimulus check being sent to senior citizens and the disabled has been circulating online for many months.