Treasury Department

A top renewable power trade group endorsed rigorous requirements for a new hydrogen tax credit that would rule out the use of electricity from older wind, solar and nuclear facilities.

Provisions from the IRA aim to spur investment in places that have experienced declines in fossil energy production, especially hard-hit coal-mining towns.

The IRS is providing penalty relief to billion-dollar corporations that haven't paid estimated taxes related to the new 15% corporate alternative tax.

The change brings the total number of EV models eligible for the full tax credits to 22.

The former Treasury secretary sees rates headed higher in the short run, and U.S. taxes rising significantly in the longer run.

Small businesses may be impacted most by rules requiring them to disclose who's really in charge.

More than anything else, that may prove a decisive element in ending the partisan standoff.

The Treasury Secretary Janet Yellen underscored the urgency of the White House reaching a deal with Republicans to raise the debt limit.

The amount of money that the U.S. government has on hand to pay its bills plummeted by $53 billion.

Commissioner Daniel Werfel said the service plans to begin a pilot early next tax season.

She advised Congress that the Treasury may exhaust its special accounting maneuvers to avoid running out of sufficient cash as soon as early June.

The government reached the statutory cap on borrowing in January and the Treasury has since been using special accounting measures to make cash available.

Shrinking revenues make it harder for the Treasury to stay within the federal debt limit, which the department hit in January.

The Treasury Secretary said her department's ability to use special accounting maneuvers to stay within the federal debt limit could be exhausted soon.

The narrow requirements for qualifying for the electric vehicle tax credits are causing some consternation in the auto industry.

A sudden acceleration in tax inflows has reduced the likelihood of the Treasury Department being at risk of a federal payments default as soon as June.

The Treasury Department, based on fresh tax revenue data, is set to release an updated estimate of the "X date" when the U.S. can no longer meet its obligations.

The new commissioner lauded the agency's performance this filing season, thanks to the extra funding from last year's Inflation Reduction Act.

The question of when the U.S. could default will come into sharp relief this week when the Treasury reveals how big its tax take is likely to be.

Proposed regulations would identify micro-captive transactions as abusive after the Supreme Court ruled against the IRS in a case two years ago involving the transactions.