Taxes

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.

Sen. Bernie Sanders, I-Vt., on Saturday said he is "confident" the Senate parliamentarian will endorse a $15 federal minimum wage requirement through reconciliation.

Tax season has arrived along with scams aiming to steal your identity.

A group of House Democrats is calling on the Internal Revenue Service to extend the tax-filing deadline by three months.

Many taxpayers rely on their refunds each year for financial necessities and due to the damage wrought by the coronavirus pandemic the cash could be even more essential in 2021.

Republicans members of the House Ways and Means Committee wrote a letter to the IRS this week regarding millions of tax returns that have yet to be processed from last year, even though the current tax season is underway.

A financial transaction tax would not have prevented the stock-market dislocations caused during the GameStop trading frenzy, according to Congressional testimony.

Some Americans should consider filing their 2020 tax return as soon as possible in order to collect a bigger stimulus check. Here's why.

Home Depot co-founder Ken Langone said Gov. DeSantis’ ability to bring in new people and industries fleeing high-tax, COVID restrictive states like New York and California is keeping businesses alive.

The remote work landscape has added many challenges for workers this tax season and some individuals may face a higher tax bill because of it.

Entrepreneurs, intellectuals and presidential candidates have in recent years touted “universal basic income,” a cash stipend to everyone with no strings attached, as the answer to poverty, automation and the drudgery of work. It has never gotten off the ground in the U.S.

Boast.ai, which helps businesses get research and development (R&D) tax credits, on Wednesday announced a $100 million credit facility from Brevet Capital.