Tax breaks

The service has posted a revenue procedure to give widows and widowers the ability to file for an extension of time on a tax exclusion until the fifth anniversary of their spouse’s death.

A senior member of the House Ways and Means Committee has introduced legislation to double the size of the research and development tax credit and enable more small-business startups to claim it.

Sens. Ron Wyden and Rob Portman proposed bipartisan legislation to disallow foreign tax credits and other tax benefits for companies that pay taxes to Russia or Belarus.

The tax incentive is a controversial policy, one that has created bitter resentment among many on the crisis-ravaged island.

A key incentive is set to go away, sparking a rush by companies to lock down the tax breaks.

Musk is using a strategy favored by many billionaires — borrowing against highly appreciated stock to get cash without having to sell.

Florida Governor Ron DeSantis is keeping his hands off hundreds of millions of dollars in tax breaks recently lavished on the entertainment giant.

The House overwhelmingly passed legislation that would expand the tax benefits for retirement accounts to bolster the savings of Americans.

They are the latest target of probes into whether Opportunity Zones are driving investment and job creation in low-income communities.

Finance Committee chair Ron Wyden is developing policies that could remove some tax benefits available to Russian and Belarusian individuals and entities that earn income from the U.S.