(WASHINGTON) -- The Justice Department's Office of Legal Counsel has determined the Treasury Department must hand over former President Donald Trump's tax returns to the House Ways and Means Committee. The opinion, posted Friday, says that while the committee "cannot compel the Executive Branch to... Read More.
(NEW YORK) -- There were times throughout the COVID-19 pandemic when Maeghan Murdock worried about how her family -- which includes a newborn -- would keep up with all their growing financial demands. Facing an inevitable $300 rent increase as bills piled up, their dreams... Read More.
(WASHINGTON) -- As the first round of monthly child tax credits hit Americans' bank accounts Thursday, President Joe Biden and Vice President Harris took a victory lap at the White House, speaking about the "historic day" for American families and emphasizing the sea change... Read More.
(NEW YORK) -- Millions of parents across the country will start receiving money from the federal government as soon as Thursday, July 15. Under the Child Tax Credit expansion put forth in under President Joe Biden's $1.9 trillion American Rescue Plan, some households will start... Read More.
(NEW YORK) -- Manhattan District Attorney Cyrus Vance has charged former President Donald Trump's company, the Trump Organization, and his longtime CFO Allen Weisselberg with tax fraud, according to an indictment unsealed Thursday in New York. The charges are the first brought by New York... Read More.
(WASHINGTON) -- President Joe Biden and Treasury Secretary Janet Yellen announced Thursday that some 130 countries have agreed to a new 15% global minimum tax rate for corporations. Yellen called it a "historic day for economic diplomacy" in a statement, adding that Biden "has spoken... Read More.
(NEW YORK) -- The vast majority of American families with children will automatically receive up to $300 per month, per child beginning July 15, the IRS and Treasury Department announced last month. The IRS said families who qualify for the Child Tax Credit, which was... Read More.
(NEW YORK) -- A day after the world's wealthiest man announced he was fulfilling a lifelong dream of going to space via a flight from his own private company, a bombshell investigative journalism piece reported that the billionaire "did not pay a penny" in... Read More.
(WASHINGTON) -- President Joe Biden proposed an infrastructure package worth $1 trillion in new spending that would be funded without raising the corporate tax rate during a meeting Wednesday with the top Republican negotiator on the package. The new pitch aims to avoid Republican scorn... Read More.
(WASHINGTON) -- The vast majority of American families with children will automatically receive up to $300 per month per child beginning July 15, the IRS and Treasury Department announced Monday. On the same delayed deadline day for Americans to file their taxes, the IRS said... Read More.
(NEW YORK) — Federal income tax filings and payments for individuals are due Monday. The Treasury Department and the IRS extended the deadline in March. "This continues to be a tough time for many people, and the IRS wants to continue to do everything possible to... Read More.