Treasury Department

The Biden administration will allow more crossover SUVs to qualify for the newly-revamped electric vehicle tax credit following lobbying by automakers such as General Motors Co. and Stellantis NV.

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.

Senator Joe Manchin is pressing Treasury Secretary Janet Yellen to stand firm on North American-based manufacturing requirements for lucrative electric-vehicle tax credits.

Billionaire hedge fund manager Ken Griffin sued the Internal Revenue Service, claiming it failed to protect his confidential financial information.

The Internal Revenue Service and the Treasury issued a notice on labor requirements for enhanced tax benefits under the Inflation Reduction Act.

A former acting commissioner during the Obama administration is being nominated to fill Charles Rettig's spot.

The service will now enable 403(b) retirement plans to use the same retirement plan determination letter program currently employed by qualified retirement plans.

Treasury Secretary Janet Yellen picked the agency veteran, who has been deputy commissioner for services and enforcement since last year, to head the service.

More than 30,000 cities, counties and tribal governments with billions of dollars in federal stimulus money to spend are now largely on their own.

The government is requesting responses on implementing the Inflation Reduction Act's climate proposals by Nov. 4 or sooner.

Sheldon Whitehouse, D-Rhode Island, and Roger Wicker, R-Mississippi, introduced bipartisan legislation to put more responsibility on accountants and other financial professionals to safeguard against money laundering and other crimes.