Laura Davison

Sen. Sheldon Whitehouse is pitching a tax on oil companies as part of a broader plan to mitigate the impact of inflation on middle-income families.

There’s a glimmer of hope for frustrated taxpayers who have been unable to reach the service or have had their tax refunds held up by massive processing backlogs.

Senators Sheldon Whitehouse and Elizabeth Warren say they’re working on a proposed new tax targeting profits being reaped by oil companies as crude prices spike amid geopolitical tensions.

Two House Democrats have a new plan to provide a more generous state and local tax deduction.

The service is expanding its capacity to process tax returns following criticisms from members of Congress about taxpayers waiting months for refunds.

The average refund issued so far this year is $2,201, down about $600 from the typical refund issued last year, according to the IRS.

Democrats are risking the ire of voters inflamed by this year’s tax-filing season, as the stalling of President Biden’s economic package leaves them without promised benefits.

Senate Finance chair Ron Wyden weighed in on the use of third-party facial recognition software ID.me in a letter to Commissioner Rettig.

The additional staff are to help the agency navigate what will likely be one of the most challenging tax filing seasons in years, according to a person familiar with the plans.

Democratic senators want more money for the agency to help taxpayers.

The service is under pressure from lawmakers to stop penalties and pause automated collections from taxpayers who have been caught in a processing backlog.

American competitiveness is at stake, according to a top U.S. Treasury official.

Families claiming the Child Tax Credit and newly self-employed Americans are among filers likely to see the biggest challenges this year.

Several House Democrats promise to sink President Biden’s economic agenda if doesn't include an expansion of the federal deduction for state and local taxes.

Millions of American families came to depend the advanced credit amid a surge in the cost of living and the continued spread of COVID-19.

Sen. Ron Wyden is targeting Top 15 Firm Baker Tilly and others in an investigation into whether opportunity zone investments are benefitting low-income areas as intended.

A senior Democrat is expanding his inquiry into whether some college football coaches' compensation packages run afoul of laws for tax-exempt organizations.

When filing season begins in two weeks, taxpayers should be prepared for delays as returns and refunds are processed, and for difficulties in reaching the IRS.

Democrats risk losing their edge in key suburban districts amid a stalemate that threatens plans to expand a tax break for well-off homeowners.

Senate Majority Leader Schumer is vowing to bring a revised version of the $2 trillion tax, climate and spending package to a vote as soon as this month.