Finance

The U.S. House Ways and Means Committee voted to revive and permanently extend six lapsed tax breaks that would help small businesses and people who make charitable contributions.

The Securities and Exchange Commission voted Wednesday to approve the Public Company Accounting Oversight Board’s 2015 budget and annual accounting support fee, which were both lower than last year.

The U.S. Treasury Department and the Department of Education are working with H&R Block and Intuit this tax season to raise awareness of the income-based repayment options for federal student loan borrowers.

President Barack Obama’s proposal to tax the offshore profits of U.S. corporations could encourage all but the largest companies to follow their cash hoard overseas, according to business leaders and tax lawyers.

Rules from the Internal Revenue Service that would limit nonprofit groups' involvement in politics may not be enforced before the 2016 election, IRS Commissioner John Koskinen said Tuesday.

A group of senators have introduced legislation aimed at enhancing the tax breaks available in Section 529 college savings plans, only days after the Obama administration backed away from a proposal to tax new contributions to such plans.

President Barack Obama’s latest budget plan narrows the gap between the two parties on U.S. business taxes, offering the glimmer of a potential agreement.

President Barack Obama wants to remove a tax benefit for college sports fans.

The Obama administration has released its fiscal year 2016 budget tax proposals, which would raise taxes on the wealthy and multinational corporations stashing profits offshore, while promising middle-class tax cuts.

President Barack Obama sent a $4 trillion budget blueprint to Congress today that would raise taxes on corporations and the nation’s top earners, fund major investments in infrastructure and education and stabilize, but not eliminate, the annual U.S. budget deficit.

Senators Rand Paul and Barbara Boxer are proposing a tax incentive for U.S. companies to bring home their offshore cash stockpiles and pledging to use that revenue to fund highways.

The best-laid estate plans just got muddled.

Democrats on the Senate Finance Committee have sent a letter to the Republican chairman, Orrin Hatch, R-Utah, outlining their main principles for tax reform.

As many as 6 million U.S. taxpayers will have to pay a penalty of as much as 1 percent of income because they went without health insurance in part or all of 2014, the Treasury Department said.

President Barack Obama is dropping his proposal to tax the earnings on college savings accounts, responding to criticism of an idea the White House announced 10 days ago.

The American Institute of CPAs has written to some of the top tax lawmakers in Congress asking them to grant relief to taxpayers in appropriate situations when they miss a statutory deadline or make an error in choosing an election.

White House officials say they are seeking to dismantle a popular college savings tax break because it favors wealthy households and does little to encourage lower-income students to go to college.

Congressional Republicans who rewrote the rules on measuring the economic effects of legislation may be disappointed at some of the results.

Beyond the expected calls for tax fairness and middle-class relief, the President’s State of the Union address touched on a number of other significant topics.

A lawmaker has filed legislation in Congress to allow student loan debt to be treated like other forms of debt that can be discharged in bankruptcy proceedings.