Biden Administration

Treasury Secretary Janet Yellen unveiled some of the Biden administration's planned changes for the Internal Revenue Service.

President Joe Biden ignored worse-than-expected U.S. inflation data that roiled markets during a planned celebration for his signature climate-and-tax law.

The introduction of a minimum tax will affect a type of divestiture that up to now has gone untaxed.

The legislation would deter the Internal Revenue Service from using the $80 billion in extra funding from the Inflation Reduction Act to increase audits of taxpayers earning under $400,000 per year.

The law includes tax credits for electric vehicles made in North America but the EU's concerns go beyond this sector.

The Treasury Secretary outlined some of the Biden administration's unfinished economic business in a speech.

The president is narrowing the list of candidates to lead the Internal Revenue Service ahead of a massive expansion of tax enforcement.

The billions in student loan debt forgiveness announced by the Biden Administration will be exempt from federal taxation but could be taxable at the state level in more than a dozen states — a hiccup many states are expected to quickly handle.

The student-loan forgiveness will qualify as non-taxable income until 2025 under the American Rescue Plan.

To expand the affordability of energy-efficient vehicles for U.S. consumers, the law made changes to the tax credit for all-electric cars and hybrid plug-ins.

The chair of the Ways & Means Oversight subcommittee sent a letter asking for details from the IRS on how it will enforce tax law with new funding.

The research and development tax credit for startup businesses is going from $250,000 to $500,000 per year.

The strategic plan will provide a roadmap for what has been the largest dedicated funding stream provided to the IRS in decades.

One of the world's richest men felt he had to give one of the nation's most powerful lawmakers a little pep talk.

The moment Biden signed the bill was effectively the starting gun for a race to write new policies to implement its clean energy tax credits, climate programs and environmental mandates.

The 45L tax credit expired at the end of 2021, leaving homebuilders waiting for its renewal.

The president is expected to sign the bill this week but hold a celebration in Washington on Sept. 6, after lawmakers have returned from their summer recess.

House Democrats delivered the final votes needed on a slimmed-down version of their tax, climate and drug price agenda.

Republicans and Democrats have been sparring over whether the extra funding will be used to audit low-income and middle-class taxpayers.

Lesser known provisions may lead to a kind of tax on carbon dioxide and methane emissions for the first time in the U.S.