Donald Trump

Bessent didn't provide details about how the cost would be offset, though he said the Treasury had been working on the plan for "quite awhile."

President Trump signed into law a bill extending the federal tax deduction for qualified disaster-related personal casualty losses.

President Donald Trump said he would remove U.S. tariffs on Irish whiskey, announcing the move Sunday while attending a golf tournament at his family's course in western Ireland.

Interior Secretary Doug Burgum pointed to "trillions of dollars" in foreign investment, along with lower taxes and fewer regulations, as potential sources.

Senator Ted Cruz said he expected lawmakers to discuss the deficit impact and suggested it would be better structured as a tax refund with work requirements.

Both the U.S. and Canada have increased tariffs across the border in recent weeks, ratcheting them as high as 50% — and businesses are caught in the middle.

The economic pain that Canadian Prime Minister Mark Carney warned would come from a trade war is now a reality for some small businesses that export to the U.S.

A group led by the actor Jon Voight is hoping to get legislation introduced in Congress that would create new federal tax incentives for film and TV production in the U.S.

The U.S. film and TV industry has lost jobs to overseas production hubs, which often feature lower-cost labor and more generous tax credits.

The Justice Department is pushing back on requests for information about how it resolved the president's $10 billion lawsuit against the Internal Revenue Service.

DHS proposed the fee after a judge vacated a proclamation that slapped a six-figure charge on H-1B workers hired outside the U.S., finding it an illegal tax.

Prime Minister Mark Carney matched the new tariffs imposed by President Donald Trump and announced new support programs for Canadian businesses hurt by the escalating trade war with the country's largest trading partner.

Under the proposed regulations, funds can only be invested in eligible investments beginning when the account is established until the beneficiary turns 17.

The Trump administration delayed 50% tariffs on billions of dollars of Canadian products for three days, saying the two sides had reached a tentative agreement.

Trump asked an appeals court to pause a judge's order imposing sanctions on him and his lawyers for how they handled his $10 billion lawsuit against the IRS.

The White House is considering throwing its weight behind a push to increase a capital gains tax exemption for primary home sales.

Trump in a social media post argued that the policy was costing the city by driving away wealthy people who would otherwise pay taxes there.

President Trump is looking for new policy pledges he can present to voters, including potentially calling on Congress to cut capital gains taxes.

The proposed regulations clarify nondiscrimination requirements for employers offering Trump account contribution programs and dependent care assistance.

The IRS and the Treasury want taxpayers to take advantage of the federal Saver's Match program for retirement accounts as part of the new TrumpIRA.gov website.