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As tax professionals, we need to figure out which version of reality is going to show up on tax season opening day.

The California governor wants to restart offering tax rebates for electric vehicles that are purchased in the state.

Right now, cannabis businesses operating legally under state law still can't deduct basic costs like rent, salaries or marketing.

The bipartisan bill aligns the deadline for claiming prior-year refunds or credits with the extended filing period granted to taxpayers hit by natural disasters.

Led by Elizabeth Warren, 17 senators sent a letter to Treasury Secretary Scott Bessent expressing their "serious concerns."

Brazilian President Luiz Inacio Lula da Silva wants his U.S. counterpart to arrest the Florida resident accused of being the South American country's biggest tax debtor.

Trump's aides are discussing making the Treasury chief the top White House economic advisor, in addition to his current job, plus acting IRS commissioner.

The initiative from the president's tax law has drawn support from corporate and financial leaders.

The law requires the IRS to provide a clear explanation of tax-filing errors to taxpayers on its math error notices.

Republicans are divided on whether to extend premium tax credits, loathed by the GOP's right flank because of the costs and lingering opposition to former President Obama's legislative achievement.

The president's comments come as Senate Republicans prepare to hold a vote on extending the tax credits, which are slated to expire at the end of this year.

Borrowers who receive discharges of their student debt under the Income-Driven Repayment program could be facing tax bills as high as $10,000 next year.

The higher standard deduction since 2017 has dramatically reduced itemization. But the new law provides incentive for teachers to consider whether that's feasible.

President Trump's idea of mailing $2,000 "dividend" payments from tariffs to citizens marks a throwback to the stimulus checks distributed during COVID.

Frank Bisignano, who's now leading both the Social Security Administration and the Internal Revenue Service, dodged a $300 million loss by divesting his stake.

The Treasury Secretary said he hadn't spoken to the president about this idea but "the $2,000 dividend could come in lots of forms, in lots of ways.

President Donald Trump's three U.S. Supreme Court appointees will play pivotal roles as the court considers the fate of his signature global tariffs Wednesday.

Rick Woldenberg, who runs two educational-toy businesses, says BubblePlush Yoga Ball Buddies have been hit especially hard by Trump's fluctuating tariffs.

Sens. Ron Wyden, Chuck Schumer and Elizabeth Warren want to know how Frank Bisignano can simultaneously run the IRS and the Social Security Administration.

Risking a backlash from President Trump, who has long threatened to retaliate with trade tariffs, French lawmakers voted to double its tax on large technology companies.