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A loophole for religious schools was removed from the final tax bill, leaving the Indiana-based school to pay a higher levy on its $20 billion endowment.
July 7
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The Internal Revenue Service has declared 83 pieces of old guidance in the Internal Revenue Bulletin to be obsolete in accordance with Trump executive orders.
July 7
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The IRS's Criminal Investigation division needs to do a better job of keeping track of the billions of dollars in cryptocurrency, says TIGTA.
July 7
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The American Institute of CPAs hopes to smooth the Trump administration's move away from paper tax refunds at the Internal Revenue Service.
July 7
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Business investors and wealthy Americans are among the biggest winners. Those hit the hardest include elite universities, who face new levies, and immigrants.
July 7
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President Trump signed his $3.4 trillion budget bill into law, enshrining an extension of tax cuts, temporary new breaks for tipped workers and funds for an immigration crackdown.
July 7
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Making use of refunds; playing defense; how to use thin air; and other highlights of recent tax cases.
July 3
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President Donald Trump secured a sweeping shift in U.S. domestic policy as the House passed a $3.4 trillion fiscal package that cuts taxes, curtails spending on safety-net programs and reverses much of Joe Biden's efforts to move the country toward a clean-energy economy.
July 3
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House Republicans passed the wide-ranging Trump tax legislation dubbed the One Big Beautiful Bill Act, overcoming resistance from a group of GOP holdouts and united opposition from Democrats.
July 3
