Tax extenders

The Senate plan will allow for a $4 trillion extension of Trump's tax cuts and an additional $1.5 trillion in further levy reductions.

As the expiration of key Tax Cuts and Jobs Act provisions looms, tax pros are preparing for what could be another period of upheaval.

Congressional Republicans returning to Washington on Monday will tackle their toughest test yet, negotiating a massive tax bill package.

The meeting, scheduled for Thursday at the White House, will be the first sit-down between the Senate tax panel and Trump since he took office again.

A bipartisan group has reintroduced legislation to allow immediate expensing of research and development costs, all the way back to 2022 when the tax break expired.

Treasury Secretary Scott Bessent and congressional leaders will begin meeting weekly as Republicans look to shape a tax cut package with a year-end deadline.

President Trump intervened in the ongoing budget conflict between House and Senate Republicans just before a key congressional vote.

The Committee for a Responsible Federal Budget estimated much of the cost would come from extending the 2017 tax cuts for individuals and small business owners.

Republicans broadly agree that there's little room for error on what is a rare opportunity for the GOP to update the Tax Code without having to make any concessions to Democrats.

Senate Majority Leader Chuck Schumer, D-New York, announced plans to bring up a vote on the Tax Relief for American Families and Workers Act later this week.

The cost of extending the 2017 tax cuts for households, small businesses and the estates of wealthy individuals enacted under President Donald Trump has expanded, according to new estimates from Congress's fiscal scorekeeper.

Treasury Secretary Janet Yellen came under fire from Republicans over a quip from President Biden about letting tax cuts enacted by Donald Trump expire.

The ability to write off research and development expenses in the first year would be revived if the Senate ever manages to pass the Tax Relief for American Families and Workers Act.

The legislation is still tied up in the Senate, as senators seek changes in some of the provisions, such as the expanded Child Tax Credit.

The measure now heads to the Senate where lackluster Republican support threatens to sink it.

The House passed tax extenders legislation that revives the enhanced Child Tax Credit, the ability to fully deduct R&D expenses in the first year, 100% bonus depreciation, disaster tax relief, and more.

Speaker Mike Johnson will allow a vote on a $78 billion business and child tax break bill, siding with corporations over a group of Republicans who objected to the package negotiated with Senate Democrats.

As the Internal Revenue Service and tax professionals prepare for the start of tax season, last-minute tax law changes are possible thanks to a deal working its way through Congress.

A growing divide is emerging between Republicans and the business interests the GOP once unflinchingly championed.

The House Ways and Means Committee reported the text of the Tax Relief for Workers and Families Act after voting last week to advance the bipartisan bill.