Treasury Department

The West Virginia senator said the administration has "cherry picked" which of the new rules for electric vehicle tax breaks it wants to follow.

The Internal Revenue Service audits Black taxpayers at 2.9 to 4.7 times the rate of non-Black taxpayers, according to a new study.

GM is pushing the Treasury to change the definition of a sport utility vehicle and expand how many buyers can get electric-vehicle tax credits.

The Biden administration is privately warning about Republican efforts to cut the Internal Revenue Service's budget.

There's a catch buried in the law: Projects that don't meet certain new wage and labor requirements only get a fraction of the credit.

The U.S. government has angered Tesla's Elon Musk and handed welcome news to other automakers like Hyundai with guidance on which electric vehicles will qualify for tax credits in the coming months.

The revenue-raising provision of the Tax Cuts and Jobs Act took effect despite efforts to extend the tax break.

The Internal Revenue Service and the Treasury are giving investment brokers more time to report information on transactions involving digital assets such as cryptocurrency.

The Treasury Department's top official for financial markets and stability expressed little urgency over the federal government's need to prepare for the potential launch of a digital U.S. dollar.

The Treasury Department announced a timeline for offering more information on some of the main tax provisions of the Inflation Reduction Act.