Tax credits

IRS Commissioner John Koskinen testified at a Senate hearing Thursday about tax season, a day after a group of House Republicans wrote to President Trump asking him to fire Koskinen.

The Internal Revenue Service has issued a notice explaining how small businesses can take advantage of a new option allowing them to apply a portion or all of their research credit against their payroll tax liability, instead of their income tax liability.

The president warned House Republicans in a closed-door meeting Tuesday that many of them could be fired in the 2018 elections if they don’t approve legislation to replace the ACA.

The nonpartisan Congressional Budget Office released its highly anticipated scoring of the American Health Care Act this week, and many commentators have observed that several of the CBO's findings will make the legislation a tougher sell for Republicans.

About 24 million more people would be uninsured under the Republican plan to replace Obamacare, according to the nonpartisan Congressional Budget Office, creating a daunting political impediment for a proposal that would reduce the deficit by more than $300 billion.

An analysis written for an influential bloc of U.S. House conservatives derides a key component of a new Republican plan to replace Obamacare, faulting a provision offering tax credits to individuals who wouldn’t otherwise have access to health insurance.

The GOP unveiled their long-awaited legislation to repeal and replace the Affordable Care Act.

As the Trump administration and the Republican dominated Congress prepare to repeal and replace the Affordable Care Act, a new government report may give them further ammunition.

During his first major address to Congress Tuesday, President Donald Trump backed a proposal that has split the Republican Party: giving Americans tax credits to buy coverage.

The Internal Revenue Service is seeing a sharp decline in returns so far this season.