Taxes

The IRS is hiring more than 700 new customer service representatives even as several large companies have announced layoffs amid fears of rising recession risks.

Powerball winners can either to receive their prize as a lump sum cash payment or as a 30-payment annuity. Most winners take the cash option, but the annuity may produce more future wealth.

Anthony and Deana Sharper of Charlotte, North Carolina were sentenced to prison after stealing $239,000 from a high school athletic booster club.

Republicans are asking the IRS to preserve all documents related to its decision to destroy 30 million taxpayer documents in 2021, and indicated more oversight is on the way.

The IRS adjusted the threshold levels for the federal income tax brackets and the standard deduction to account for inflation, which is hovering near a 40-year high.

Former Education Secretary Betsy DeVos argued Biden's student loan handout is an attempt to secure votes from the progressive wing of the Democratic Party.

A judge in Barcelona has ordered Colombian music star Shakira to stand trial in a tax fraud case. Shakira faces 8 years in prison and a $24 million euro fine.

An analysis released by the Wharton School of the University of Pennsylvania found that President Biden's loan forgiveness program could cost up to $1 trillion.

IRS adding 87,000 new agents means Florida should implement four key ways to defend taxpayers and help them fight back against big-government insanity.

The Internal Revenue Service still owes millions of Americans their tax refunds and will likely have to pay interest due to a serious backlog in processing.

Former IRS lawyer William Henck told FOX Business the agency will target middle-income Americans with new audits to raise revenues under the Inflation Reduction Act.

Republican lawmakers slammed Democrats over their reported plan Friday to increase taxes on individuals and corporations if they keep majority control of Congress.

Lower- and middle-class Americans are projected to bear the brunt of the vast majority of additional tax audits authorized under Democrats' spending bill the Senate passed Sunday.

The National Federation of Independent Business, a major small business lobbying group, is unveiling a new ad campaign pressuring Congress not to introduce new taxes.

Sen. Joe Manchin's inflation bill includes a tax provision from the Build Back Better Act which a nonpartisan analysis described as that bill's "most economically damaging provision."

The poorest Americans will pay more in taxes as a result of Democrats' inflation bill, a nonpartisan analysis concluded, despite President Biden's past pledges.

Rand Paul is out with a new report showing that a key tax hike being championed by Democrats would impact more than 8.3 million small businesses in America.

A global minimum tax deal hit a new roadblock last week after Hungary vetoed its implementation at a meeting of European Union finance ministers in Luxembourg.

Connecticut plans to increase their taxes on diesel by 9 cents. The upcoming change will be made on July 1st. It will increase from 40.1 cents per gallon to 49.2 cents per gallon.

The White House will target billionaires with a new minimum tax when President Biden unveils his 2023 budget, according to a document from the administration obtained by Fox News.