Biden Administration

Even though many of the legislation’s original elements, like providing free community college education, were removed, it’s still full of tax provisions.

The chief policy officer for the U.S. Chamber of Commerce said the group has grown concerned that a global tax deal may “fundamentally disadvantage U.S. companies.”

Accountants can help manage high expectations by first establishing a strong culture of monitoring.

Senator Joe Manchin threw more cold water on the president's spending plans after inflation spiked to a 7.5% in January, the highest rate in four decades.

Democrats are risking the ire of voters inflamed by this year’s tax-filing season, as the stalling of President Biden’s economic package leaves them without promised benefits.

The administration is pointing to funds still available to recipients of the credits that have not yet been claimed, as it struggles to extend those tax breaks this year.

The additional staff are to help the agency navigate what will likely be one of the most challenging tax filing seasons in years, according to a person familiar with the plans.

The House speaker cast doubt on a drive by progressive Democrats to get some version of President Biden’s agenda through Congress by March 1.

A top House Democrat suggested Thursday that his party scale back eligibility for child tax credits as a way to unlock President Joe Biden’s stalled economic agenda.

American competitiveness is at stake, according to a top U.S. Treasury official.

A group of Senate Democrats want the expanded monthly Child Tax Credit payment as the “centerpiece” of any revived tax and spending agenda.

A revamped version of the ChildTaxCredit.gov site adds new features to help with filing taxes and accessing the full amount of unpaid credits.

The president's attempt to salvage his economic agenda has revived battles within his party over the same proposals that have bedeviled the plan for months.

The president said his $2 trillion economic agenda will have to be broken up so that a scaled-back version can pass Congress.

Several House Democrats promise to sink President Biden’s economic agenda if doesn't include an expansion of the federal deduction for state and local taxes.

Millions of American families came to depend the advanced credit amid a surge in the cost of living and the continued spread of COVID-19.

Progressive Democrats are increasingly resigned to a far narrower version of the economic, tax and social spending agenda they had hoped to pass.

Democrats risk losing their edge in key suburban districts amid a stalemate that threatens plans to expand a tax break for well-off homeowners.

Sen. Joe Manchin said Tuesday he’s not in talks with the White House or top Democrats on reviving President Biden’s $2 trillion tax and social spending agenda.

Senate Majority Leader Schumer is vowing to bring a revised version of the $2 trillion tax, climate and spending package to a vote as soon as this month.