Treasury Department

New guidance explains how buyers of electric vehicles can transfer their tax credits to dealers and get advance payments that lower the cost.

Even though the effective date is less than 90 days away, most businesses are either unaware of the rules, or uncertain how to comply.

The National Treasury Employees Union expressed a sense of relief after lawmakers in Congress unexpectedly managed to pass a stopgap spending bill.

About two-thirds of service employees would be furloughed in the event of a shutdown, which appears likely this weekend.

The Treasury Department is in the midst of writing rules for how it will distribute the measure's tax credits from hydrogen projects to low-carbon aviation fuel, but work on that guidance could grind to a halt if the government closes.

The service released information on two energy-related tax breaks under the Inflation Reduction Act.

The Biden administration has come under pressure to seize the funds outright, something Yellen has said would be illegal under current law.

The IRS and the Treasury issued guidance on some of the requirements for claiming credits under the Inflation Reduction Act.

The proposed regulations offer clarity on reporting rules enacted in 2021 to curb crypto-related tax evasion.

The guidance could spur development of renewable energy under the Inflation Reduction Act.