House Set to Vote on Bipartisan Tax Bill to Expand Child Credit, Restore Business Breaks
The House of Representatives is poised to vote tonight on a $78 billion bipartisan deal that would temporarily enhance the Child Tax Credit and...
Republican Infighting Threatens to Derail Vote on Bipartisan Tax Bill
The top Republican on the tax-writing House Ways and Means Committee on Tuesday morning told CNBC that he expects a floor vote this week on the $78...
Bipartisan Tax Proposal Would Benefit Lowest and Highest-Income Households Most: Analysis
The proposed tax package unveiled last week by House Ways and Means Committee Chairman Jason Smith and Senate Finance Committee Chairman Ron Wyden...
Congress' New Tax Deal Clears a Hurdle in the House
The House Ways and Means Committee voted 40-3 on Friday to advance a bipartisan, $78 billion plan to expand the child tax credit and restore a trio of...
Tax Package That Boosts Child Credit and Business Deductions Would Be Fully Offset: JCT
A proposed tax package that would temporarily boost the child tax credit while providing more generous deductions for business investments would be...
Lawmakers Announce $78 Billion Plan to Expand Child Tax Credit, Revive Business Tax Breaks
Congressional negotiators announced Tuesday that they have reached an agreement on a $78 billion legislative package that would revive tax breaks for...
IRS Recovers $520 Million in Unpaid Taxes From Millionaires
A crackdown on cheating by high-income households and complex businesses is paying off, the IRS said Friday as it announced that it has now recovered...
Taxpayer Advocate Says IRS Improvements Still Not Good Enough
The IRS has made enormous strides in recovering from pandemic-era challenges, says Erin M. Collins, the national taxpayer advocate. But her new annual...
Is the Tax System Broken?
Historically, tax revenues have increased significantly during economic booms as unemployment falls and then declined during slowdowns as unemployment...
IRS to Test Free Filing System
The IRS announced Tuesday that it will test its direct tax-filing system in a handful of states next year. The tax agency has been working on the free...