Tax

Democrats are seeking to pass the bill this week in the Senate and in the House next week.

Earnings in these accounts aren’t taxed unless a distribution exceeds a designated beneficiary’s qualified disability expenses.

A minimum corporate tax rate wouldn’t spark higher consumer prices, according to the senator.

For EVs to qualify, their batteries will need to contain minerals extracted from or processed in a country the U.S. has a free trade agreement with, and a portion of components to be manufactured or assembled in North America.

The package includes oodles of tax credits and rebates for people looking to drive and live more sustainably.

The Arizona lawmaker is “reviewing the text and will need to review what comes out of the parliamentarian process.”

The mortgage the merrier; going pro; get me a cell, stat; and other highlights of recent tax cases.

The service admitted that some married taxpayers received erroneous notices for 2021 tax returns.

The service had to set up the online portal quickly to allow parents to claim advance payments, but the rollout had some hiccups and over 1,300 taxpayers suffered ID theft.

Senator Joe Manchin and Majority Leader Chuck Schumer have struck a deal on a tax, energy and climate bill, breaking a deadlock on the Democrats’ long-sought legislation to enact major parts of President Joe Biden’s agenda.