Finance

The number of presidential candidates has been steadily winnowing down in recent weeks as they suffer defeats in the primaries and caucuses, and so too their tax plans have been falling by the wayside.

In a media blitz last October, the billionaire investor Carl Icahn pledged to create a $150 million political organization to muscle an overhaul of the corporate tax code through a gridlocked Congress.

The House Ways and Means Committee passed a package of three bills Wednesday designed to save money for the federal government, including one that requires taxpayers claiming the Child Tax Credit to provide a Social Security number for the child to prevent undocumented immigrants from qualifying.

U.S. business leaders are keeping a close eye during primary season on the candidates’ tax reform plans, according to a new survey of private companies by PricewaterhouseCoopers.

The Internal Revenue Service will be making some changes in the due dates next year for several types of business tax returns, which should give accountants a little extra breathing room.

A pair of lawmakers on the tax-writing House Ways and Means Committee have introduced bipartisan legislation to provide a tax credit for caregiving expenses.

Despite government disapproval, corporate inversions still have fans

Senator Ted Cruz and his wife, Heidi, paid $1.5 million in federal income taxes from 2011 through 2014 on adjusted gross income totaling more than $5 million, according to partial tax returns released in e-mails to reporters by the Republican presidential candidate’s campaign Saturday.

Florida Senator Marco Rubio and his wife, Jeanette, reported $2.3 million in income over the past five years and paid $526,092 in federal income taxes, according to tax documents released by the presidential candidate’s campaign Saturday.

What’s new for 2015 tax returns?