Taxes

The IRS on Wednesday announced 2022 inflation adjustments for a slew of different tax provisions, including federal income brackets and the standard deduction, that reflect a months-long surge in consumer prices.

The Federal Reserve for months has taken a patient stance on hotter-than-expected inflation, reiterating frequently that a months-long surge in consumer prices is transitory and that raising interest rates too soon risks the U.S. from achieving full jobs recovery.

Congress passed a bipartisan $1.2 trillion infrastructure bill on Friday that includes a controversial new cryptocurrency tax requirement, despite months of aggressive lobbying by industry groups as they looked to fend over stricter regulatory oversight.

Democrats are angling to repeal a Trump-era limit on state and local tax deductions as part of President Biden's signature spending plan, but a new analysis shows how the bulk of the proposal would benefit wealthy Americans.

Former Secretary of the Treasury Steven Mnuchin argued that it is time to hit the “pause button” on government spending to get “inflation under control.”

Larry Kudlow reacts to the infrastructure vote

Elon Musk could soon be looking at owing more than $10 billion to the IRS, according to a new report

FOX Business’ Stuart Varney on the stock and cryptos boom becoming a target for Democrats to pay for trillions in spending

Tesla CEO Elon Musk’s plan to sell up to 10% of his stake isn’t a big deal, according to one Wall Street analyst.