Taxes

President Biden claimed that the Republican tax cuts that former President Trump signed in 2017 benefited “the top 1% of Americans” but not “working people,” unlike his American Rescue Plan, but various studies on the tax cuts tell a far different story.

With tax season officially underway, Americans should be on the lookout for new laws that could affect their taxes.

EXCLUSIVE: The Internal Revenue Service (IRS) would be barred from using facial recognition software on taxpayers under new legislation introduced Friday in Congress.

Elon Musk took aim at Sen. Elizabeth Warren, D-Mass., referring to her as “Senator Karen” after she claimed he does not pay taxes and is “freeloading off everyone else.”

Big money investors looking for an inflation hedge have been turning to farms and ranches, according to brokers, who noted that people with “significant amounts of cash” are still investing in remote real estate following the so-called COVID “Zoom boom.”

Democratic Sen. Ron Wyden of Oregon and his 'cronies' were blasted by the senator’s multimillionaire son for 'hating' the American Dream

Colorado’s Democratic Governor Jared Polis is drawing scrutiny for paying little in taxes despite earnings that classify him as a millionaire.

In a late Thursday night revision to President Biden’s social spending package, Democrats included a provision that would raise the itemized deduction cap for state and local taxes (SALT), a move analysts argue will only benefit high-income earners.

Larry Kudlow shares his thoughts on what Youngkin's win in the Virginia governor's race could mean for Democrats.

President Biden and other world leaders at the G20 Summit in Rome endorsed a global minimum tax on corporations.

Sens. Jon Ossoff and Raphael Warnock are pushing for Medicaid expansion in the Democrats' reconciliation bill, with opposition from Sen. Joe Manchin,

Manchin said President Biden agreed with him that it is unseemly to force the IRS to report bank accounts' inflows and outflows to the IRS.

House lawmakers are still working on a deal to solidify President Biden’s multitrillion-dollar, two-bill infrastructure package that would boost funding for infrastructure and clean energy, along with social spending initiatives.

Senate Minority Whip John Thune, R-S.D., on Tuesday slammed a new proposal from Democrats that would raise to $10,000 the threshold for allowing the Internal Revenue Service to demand banks to report account transactions.

Millions of parents across the U.S. can expect to receive some extra cash this week.

Larry Kudlow on discusses inflation woes as labor shortages continue and global supply chain nightmare prolongs.

House Speaker Nancy Pelosi expressed little concern about public opposition to Democrats' proposal to force banks to report inflows and outflow of every account with more than $600 in activity per year to the IRS.

Sen. Mitt Romney, R-Utah, led a letter with 32 of his Senate Republican colleagues blasting a provision the House Democrat’s multitrillion-dollar budget reconciliation bill that would impose harsh marriage tax penalties.

President Biden and Congressional Democrats are pushing a $3 trillion ($3,000,000,000,000) tax increase on the American people.

Here are three retirement surprises others have faced before you, and how to get ahead of them.