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.