This boost in tax revenue occurred because of the Inflation Reduction Act, which President Joe Biden signed into law in 2022.

Typically, in bankruptcy proceedings a creditor must return payments made shortly before the debtor filed for bankruptcy. At Monday’s argument in United States v. Miller, the justices were asked to ...

The Biden administration tried turbocharging the Internal Revenue Service’s tax-collection capabilities with billions in ...

Between all the talk of fiscal commissions and efficiency agencies, it seems like the question of the day is how to make the U.S. government operate more proficiently. There is no shortage of ideas on ...

Executors must choose between a calendar year or fiscal year for an estate's taxable year, a decision with lasting financial ...

Congress has a long list of pressing priorities — including funding the federal government to prevent a shutdown — that it is ...

Did you buy an annuity in the 2000s? If it’s been out of sight and out of mind since then, it's time to dust it off and start ...

As the nation’s tax season approaches, the Internal Revenue Service is reminding people of simple steps they can take now to ...

There may be a temptation to claim a partial deduction for personal items you sometimes use for business. For instance, you ...

Elon Musk has asked social media users if funding for the Internal Revenue Service (IRS) should be "deleted" in a poll on X, formerly Twitter.

A capital loss occurs when you sell a capital asset for less than you bought it. Capital losses can reduce your taxable income. Read on to learn how to put them to use.

Congress has until late December to fund the federal government as the Internal Revenue Service is running out of enforcement ...