Tax Breaks: The Money, Treasury, And Internal Revenue Service Shakeup Edition
Plus: Relief for taxpayers impacted by wildfires, itemizing deductions, civil forfeiture programs, Direct File, Tax Cuts and ...
Democrats: Bessent avoided Medicare tax on hedge fund earnings
Senate Democrats are gearing up for a fight against Scott Bessent, President-elect Donald Trump’s pick for Treasury secretary ...
Confirmation hearings day 3 highlights: Doug Burgum, Scott Bessent and other Cabinet picks face Senate questions
In a new memo obtained by NBC News, Senate Finance Democratic tax staff found that Scott Bessent avoided over $950,000 of ...
U.S. to Deploy ‘Extraordinary Measures’ to Avoid Default on Jan. 21
Janet L. Yellen, the outgoing Treasury secretary, urged lawmakers to raise the debt limit and protect the full faith and ...
Bessent warns of ‘devastating’ consequences if tax cuts lapse
Taxes and tariffs took center stage Thursday at a hearing for President-elect Donald Trump’s intended Treasury secretary ...
IRS head to resign 3 years before his term expires, as Donald Trump takes office
IRS Commissioner Danny Werfel will resign to preempt Donald Trump firing him. Trump had already nominated former GOP Rep.
U.S. Faces Record Debt Levels as Republicans Plan Tax Cuts
The new budget forecasts predicted that the United States will record a $1.9 trillion budget deficit this fiscal year and ...
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IRS commissioner becomes latest official to exit post on Inauguration Day
Other officials have also announced they will resign on Inauguration Day, including FBI Director Christopher Wray, Securities ...