Republicans split on spending cuts, Medicaid as they seek path forward on Trump tax cuts
Congressional Republicans, under pressure to move forward on President Donald Trump's tax cut and border security agenda, are ...
Karoline Leavitt says tariffs are ‘a tax cut.’ Economists say they aren’t.
Virtually all economists, citing years of data and analysis, characterize tariffs as tax hikes rather than tax cuts.
Are IRS Penalties Tax Deductible?
The U.S. tax code does not allow taxpayers to deduct penalties assessed by the Internal Revenue Service. However, they may ...
Why IRS upheaval has not slowed tax season
The Internal Revenue Service has been in a state of turmoil ever since members of the Department of Government Efficiency embedded in the agency during tax filing season — aka the IRS’ busiest time of ...
The state and local tax deduction could change amid Trump's tax cuts debate. Here's what to know.
Although Trump enacted the $10,000 SALT cap in 2017, he reversed his position last year on the campaign trail, vowing to “get ...
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Most Taxpayers Don’t Understand How Tax Credits Actually Work
Key Points The majority of Americans don’t understand the difference between a tax deduction and tax credit. Tax credits are ...
Delete’ is one of their favorite terms’: Inside DOGE’s IRS takeover ahead of tax season
The chaos at the Internal Revenue Service began almost immediately after the first envoy from the Department of Government Efficiency arrived last month at the agency’s Washington, DC, headquarters.