Taxes

The Biden administration is beginning to distribute expanded child tax credit payments, giving parents on average $423 this month, with payments continuing through the end of the year.

Republican lawmakers are voicing concerns about President Biden’s proposed changes to estate taxes, citing potential devastating impact on farmers who comprise large populations in several major swing states.

Europe’s trailblazing carbon border levy is facing a decidedly soft launch. When the European Commission’s climate tsar Frans Timmermans outlines on Wednesday how he plans to cut bloc-wide emissions 55% by 2030, a tax on dirty imports will be a key component.

Larry Kudlow slams the tax hike on 'Kudlow'

Ohio is ready to reap the economic benefits of a tax reform strategy 15 years in the making – the state is just one of a handful to announce rate reductions as its economy recovers from the coronavirus pandemic.

FOX Business' Stuart Varney during his latest "My Take" argued that "Democrats are buying votes" and making America more like Europe with the new child tax credit.

Some Democrats in Congress are pressing President Biden to repeal a $10,000 cap on state and local tax deductions as he considers tax increases, but a number of states have already approved a method that allows some residents to circumvent the cap.

Republicans are not convinced that President Biden’s plans to shield farmers and small business owners from changes to death taxes are practical –potentially putting millions of family-owned businesses at risk.

The IRS potentially lost out on nearly $2 billion due to a decline in audits on the wealthiest households, a report by the Treasury Inspector General for Tax Administration found.

President Biden has laid out a sweeping tax plan to raise the rates paid by wealthy Americans and corporations – but his proposal may inadvertently increase the tax bill of small businesses across the country.

Fox Business host Larry Kudlow compares and contrasts California policy to Florida policy