The IRS is increasing energy-related tax breaks, as well as standard deductions for single and married people and heads of households.
A person at least six weeks pregnant on or after July 20 through Dec. 31, 2022, can submit the fetus as a dependent on their state tax returns starting next year.
The agreement would set a 15% minimum tax rate for companies around the world, but it would need to be passed by a closely divided Congress.
Democrats will try the same budgetary process from four decades ago when first-year President Ronald Reagan used reconciliation to achieve his "revolution" in federal fiscal policy.
The president's budget details his ambitious (and costly) plans to invest in infrastructure and the social safety net — the likes of which the country hasn't seen in decades.
President Biden will ask Congress to increase taxes on capital gains for tax filers who make more than $1 million a year — a move the White House says will affect only about 500,000 households.
Taxes may lack the razzle dazzle of meme-fueled stock rallies. But they might prove a better way to curb Wall Street excesses.
Tax season is here and the deadline to file is Monday, April 18th. But make sure to check the credentials of the person who files your taxes. A new...