Biden Administration

If the program ultimately moves forward, tax professionals should know about the rules when advising their clients.

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

On taxes, the fate of research and development and private equity tax breaks remain mired in a dispute over expanding the child tax credit.

Democratic senators are set to propose a bill that would force U.S. oil companies to pay more tax at a time when they're raking in record profits.

Officials discussed IRA provisions including tax credits for both commercial and electric vehicles, critical raw materials and the supply chain.

For businesses, the return of Republicans to control of the House takes the possibility of corporate tax increases favored by Democrats off the table.

Republicans — who are expected to control the House as of January — want tax breaks for private equity, manufacturers and businesses. For their part, Democrats want to expand the child tax credit.

Businesses are lobbying hard for Congress to pass a package of tax breaks worth about $100 billion before the end of the year.

For some borrowers, the impact of the White House's student-debt forgiveness program may be influenced by the interpretation and implementation of tax law.

The clock is running out on the administration's efforts to tame fuel prices ahead of midterm elections.