The Financial Accounting Standards Board issued a proposed accounting standards update on debt exchange transactions involving multiple creditors.

Republican lawmakers pushing for the expansion of the state and local tax deduction are slated to meet with House Speaker Mike Johnson about the $10,000 cap.

The Treasury secretary touted some of President Trump's campaign proposals, including not taxing tips, Social Security or overtime.

Critics have called for an overhaul of the confusing rules that they argue often leave investors paying taxes in the wake of falling into fraudsters' traps.

Federal employee pension benefits are set to be pared back in Republicans' giant tax and spending package working its way through the House.

Republicans aim to pass the tax package through a process that wouldn't require any Democratic votes.

President Trump suggested his sweeping tariffs would help him reduce income taxes for people making less than $200,000 a year.

The House Financial Services Committee is considering legislation to transfer the Public Company Accounting Oversight Board's responsibilities to the SEC.

The Financial Accounting Standards Board published a rule in 2023 requiring companies that hold crypto to report their tokens at fair value.

President Donald Trump said he is open to the idea of higher taxes on millionaires but worries that a levy increase could hurt the party.

President Trump's "big, beautiful bill" extending the expiring provisions of the Tax Cuts and Jobs Act and adding more tax breaks is making progress.

Trump's remarks are likely to pour cold water on discussions about creating a new 40% tax bracket for people earning $1 million or more.

Paul Atkins was sworn in as the new chair of the Securities and Exchange Commission and is expected to bring a more deregulatory and crypto-friendly approach.

In its first multiyear operating plan, the IRS Whistleblower Office laid out its priorities.

The Budget Lab at Yale projects that taxing income over $1 million at a 40% rate would generate $420 billion over a decade.

The Treasury and IRS plan to withdraw regulations that labeled basis-shifting transactions among partnerships and related parties as "transactions of interest."

President Donald Trump is considering ideas to raise taxes on the rich as a way to partially offset revenue losses from his tax package.

Congress will be drafting its multitrillion tax cut proposal in the coming weeks, almost certainly reflecting the priorities of a small minority of constituents.

Republicans in the White House, Senate and House are drafting analyses on how best to craft a new tax bracket for the wealthiest Americans.