Taxes

California’s mass exodus is “really just a matter of simple economics,” according to UCLA professor Lee Ohanian.

Top House Democrats on Monday urged the Internal Revenue Service to extend the tax-filing deadline beyond the traditional April 15 deadline.

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.

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.