Tax Cuts and Jobs Act was a major tax code overhaul that cut taxes for individuals and businesses. Many of its reforms expire in 2025.

Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during ...

As the industry’s clout grows, Congress could wipe out the IRS requirement for Form 1099 for decentralized transactions.

The bill would completely overhaul the U.S. taxation system and essentially disband the Internal Revenue Service.

To save taxpayer money and rebuild the economy, Congress should repeal Biden's poorly named Inflation Reduction Act ...

This would be an extraordinary escalation of a long-running dispute over how governments tax foreign companies. After years ...

Scott Bessent will lead President Donald Trump's financial agenda as treasury secretary. Bessent, a billionaire hedge fund ...

President Donald Trump pitched the idea of eliminating the federal income tax entirely to instead tariff and tax foreign ...

IRS Commissioner Danny Werfel will resign to preempt Donald Trump firing him. Trump had already nominated former GOP Rep. Billy Long to replace him.

Experts believe Trump would struggle to replace tax revenue with income from tariffs, as the president has recently suggested.

Bessent, a hedge fund manager, becomes the nation’s 79th Treasury secretary. He will lead President Trump’s economic agenda.

The Senate confirmed Scott Bessent as treasury secretary, filling a key role in President Donald Trump's Cabinet with Bessent ...