Tax

Congressional Republicans’ dash to undo Obamacare is about fulfilling a seven-year promise to voters. But it’s also about seizing what may be the party’s last chance to wipe out the 2010 law’s tax hikes on upper income earners.

Practitioners share their

Not all changes to the code need to come from tax legislation.

The Obamacare replacement plan put forward by Senate Republicans would increase the number of uninsured Americans by 22 million while slashing funding for Medicaid, according to an estimate by the Congressional Budget Office.

Four Senate Democrats have written a letter to one of the companies hired by the Internal Revenue Service to collect tax debts after complaints that some of its employees encouraged people to use money from their 401(k) retirement funds or take out a second mortgage to pay off their tax debts.

A Republican senator is building support to change budget rules in order to make temporary tax cuts last for two decades or more, but he has yet to convince a critical figure—House Speaker Paul Ryan.

President Donald Trump has promised the largest tax cut in history, but for scores of the biggest U.S. corporations, it might be just a tax nick.

Senate leaders released a slightly revised version of their health-care bill Monday as Senate Majority Leader Mitch McConnell tries to win over enough holdouts to pass the measure, with at least six Republicans signaling opposition.

The Internal Revenue Service, along with state tax agencies and the tax industry, is cautioning tax preparers to beware of a new phishing scheme revolving around emails claiming to be from a tax software education provider.

A look at the provisions of the Senate plan and how they differ from the House version of the legislation.