Biden Administration

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.