Treasury Secretary Bessent vows to leave 'no stone unturned' in Minnesota fraud probe
Treasury Secretary Scott Bessent announces new enforcement measures to combat alleged Minnesota fraud scandal estimated at $9 billion in federal funds.
IRS announces start date of 2026 tax filing season: what to know
IRS announces 2026 tax filing season begins Jan. 26, with Free File program starting Jan. 9 for taxpayers earning $84,000 or less, while taxpayers have a April 15 deadline.
Steve Moore says tax cuts and tariff relief will boost paychecks in 2026
Economist Steve Moore joins ‘Varney & Co.’ to break down IRS tax bracket changes, falling tariffs and why he expects stronger growth in 2026.
IRS guidance for Trump's 'no tax on tips' and overtime deductions: What to know
The IRS released new guidance for no tax on tips and overtime deductions under the One Big Beautiful Bill Act. Eligible workers can claim up to $25,000 for tips and $12,500 for overtime.
IRS hands workers bigger tax break for business expenses in 2026
Gig workers get a tax break with higher mileage rates for 2026. The IRS increased business driving deductions to 72.5 cents per mile from last year.
IRS reveals updated retirement contribution limits for 2026
New retirement plan contribution limits announced by the IRS for 2026 include higher 401(k), IRA and catch-up contribution amounts for enhanced retirement planning.
Americans will get 'gigantic' tax refund next year, Treasury Secretary says
Treasury Secretary Scott Bessent predicted "gigantic" tax refunds of $1,000-$2,000 for many Americans filing in 2026, due to Trump's tax cuts.
IRS CEO says over 94% of middle-class Americans will see tax relief
The 2026 tax season will witness "the biggest refunds that we've ever seen," according to the chief of the IRS and Social Security Administration, Frank Bisignano.
Bessent expects taxpayers will see 'very large' tax refunds early next year
Treasury Secretary Scott Bessent said American households could receive substantial $1,000-$2,000 tax refunds in early 2026 under OBBBA tax law changes.
'Trump accounts,' explained: Who qualifies, how they work and when you can claim
Trump accounts are new government investment accounts for children under 18, launching in 2026 with $1,000 federal deposits and U.S. stock index fund investments.
IRS to roll out Salesforce AI agents following workforce reduction: report
IRS deploys Salesforce AI agents across divisions after massive staffing reductions, aiming to help overworked staff process requests faster and more efficiently.
IRS raises retirement limits for 2026 amid push to help savers invest
'The Big Money Show' breaks down new IRS limits for 401(k)s and IRAs, giving savers more room to invest for retirement.
Trump moves to crack down on rich Democrat donors through IRS
'The Big Money Show' panel discusses President Donald Trump's plan to target wealthy Democratic funding networks.
Trump admin plans IRS overhaul to probe left-leaning groups more easily, WSJ reports
President Donald Trump's administration is installing allies in the IRS criminal division to investigate left-leaning organizations they believe fund protests.
The government is shut down but the tax filing extension deadline remains
The government shutdown does not extend the October 15 tax filing deadline for taxpayers who requested extensions earlier this year for their 2024 tax returns.
IRS reveals 2026 tax adjustments with changes from 'big, beautiful bill'
The IRS released updates for tax year 2026, adjusting tax brackets, standard deductions, estate tax exclusions and various credits for inflation and the One Big Beautiful Bill Act.
Social Security Commissioner Frank Bisignano named IRS CEO
Social Security Commissioner Frank Bisignano is set to take on a second role in the Trump administration as he was named the CEO of the Internal Revenue Service.
Trump's H-1B visa overhaul protects American workers from unfair competition, economist says
Joe Lavorgna, senior counselor to the Treasury secretary, discusses new 'no tax on tips' rules and President Donald Trump's H-1B visa overhaul on 'Varney & Co.'
Trump removing IRS commissioner Billy Long after serving just two months in role
President Trump is removing Billy Long as IRS Commissioner after just two months in the role, with Treasury Secretary Scott Bessent serving as acting replacement.
Feds have completely taken their 'eye off the prize,' economist says
Economist Steve Moore and Heritage Foundation chief economist EJ Antoni dissect the Federal Reserve's 'luxurious' construction amid demands to lower interest rates on 'The Bottom Line.'