Steven Mnuchin

The proposed regulations offer further details about a provision of the Tax Cuts and Jobs Act aimed at spurring real estate investment in needy communities.

Citing an “unambiguous legal obligation,” House Ways and Means Committee Chairman Richard Neal set the IRS a deadline of April 23 to hand over President Donald Trump’s tax returns before potentially resorting to other legal options.

The Treasury Secretary declined to meet a deadline to provide the president’s returns, asking for more time to study the legality of their request.

Treasury Secretary Steven Mnuchin said a request from House Democrats for President Donald Trump’s tax returns is under review and that "we will follow the law."

Democrats who were hoping the completion of the Mueller report would speed up the effort to request President Donald Trump’s tax returns may be disappointed.

The U.S. Treasury Department is again reducing penalties for taxpayers who didn’t pay enough of their tax bill throughout the year.

The Treasury Department and the Internal Revenue Service are lowering the withholding underpayment threshold to 80 percent.

Getting a tax refund is a springtime tradition that Americans love as much as Easter candy.

The IRS has sent out 3.3 percent fewer tax refunds so far this year, but the average refund size continues to track with prior years, according to IRS data released Thursday.

The Treasury Department finalized the repeal Thursday of 296 obsolete or duplicative tax regulations in response to President Trump’s executive orders.