Taxes

The Internal Revenue Service reported last week the total dollar amount of tax refunds was down 59.2% through Feb. 19, exactly one week after the start of tax season.

President Biden is open to making the temporary expanded child tax credit included in the latest coronavirus relief package permanent.

A high-yield savings account can save the day in a cash crunch.

House Republicans on Wednesday unveiled a bill to block a financial transaction tax after the recent frenetic trading of GameStop shares revived a years-long effort by progressive Democrats to impose a penalty on stock trades.

Sen. Elizabeth Warren's extreme plan to tax the rich will be destructive for the United States, Sen. Rand Paul, R-Ky., told FOX Business’ “Cavuto: Coast to Coast” Tuesday.

Economist Kevin Hassett argued that the wealthy will find ways to “avoid” Sen. Elizabeth Warren’s wealth tax.

The 100 richest Americans would see their collective fortune shrink by $78 billion each year under a wealth tax introduced Monday by Sen. Elizabeth Warren and her progressive allies.

By the end of 2020, the COVID-19 pandemic eviscerated roughly 1.6 million jobs in California and slashed the value of business properties by more than 30%.

Sen. Elizabeth Warren plans to unveil legislation on Monday that would tax the net worth of the wealthiest Americans, a proposal aimed at reducing income inequality in the U.S. 

If you have a little extra cash you won't need anytime soon, you can make a prior-year traditional IRA contribution and reap the benefits now and in retirement. Here's a closer look at how it works and what kind of a difference it can make for your taxes.

The Biden administration has so far been quiet on minority community development, and former HUD secretary Dr. Ben Carson said Thursday he hopes former President Donald Trump’s highly-effective Opportunity Zones don’t get undone.

Gov. Kevin Stitt, R-Okla, on what is attracting "hundreds of companies" and people to his state.

The truncated 2021 tax season is expected to be another challenging year for payers and preparers, and various groups are already lobbying the IRS to provide avenues for relief.

President Biden pledged on the campaign trail to raise the corporate tax rate — an increase that could have a detrimental side effect on the U.S. economy.

If you're tired of giving away the majority of your income to taxes, there's a way around that. You can legally decrease or completely eliminate your tax bill by taking advantage of some of the perks in the tax code.

Utah has an estimated budget surplus of $1.5 billion, even after a year of battling the COVID-19 pandemic that has hurt state tax revenues.

Lawmakers have already raised concerns that the IRS is behind on processing tax returns – even though filing season just opened up in mid-February.

The Internal Revenue Service extended the April 15 tax-filing and payment deadline to June 15 for all residents and businesses in Texas, citing the damage caused by the recent winter storms and power outages in the state.

The IRS said last week that it had officially finished issuing all of its first and second round economic impact payments, with the intent of turning its full attention to tax season.