Mar 04 WATCH: Trump says Congress needs to pass ‘tax cuts for everybody’ By Joshua Barajas The first speech of Trump’s second term in office, while not officially a State of the Union address, is a chance for the president to lay out legislative priorities and tout early achievements. Continue reading
Mar 04 5 things to know about tariffs and how they work By Paul Wiseman, Associated Press President Donald Trump is a proponent of tariffs, insisting that they are paid for by foreign countries. In fact, it is importers — American companies — that pay tariffs. Continue reading
Jan 25 WATCH: President Trump delivers remarks at ‘no tax on tips’ event in Las Vegas By Will Weissert, Associated Press Trump is using a stop Saturday in Las Vegas to offer details on how he can begin excluding tips from federal taxes, betting that a city built on gambling and the hospitality industry will relish taking home larger slices of gratuities. Continue reading
Jan 23 WATCH: Trump promises tax cuts and threatens tariffs at meeting of global elite in Davos By Zeke Miller, Josh Boak, Jamey Keaten, Associated Press Speaking by video from the White House to the annual summit in Davos, Switzerland, on his third full day in office, Trump ran through his flurry of executive actions since his swearing-in and claimed that he had a “massive mandate”… Continue reading
Dec 13 IRS recovers $4.7 billion in back taxes, braces for cuts under Trump and GOP majority By Fatima Hussein, Associated Press The collections included $1.3 billion from high-income taxpayers who did not pay overdue tax debts and $2.9 billion related to IRS Criminal Investigation work into crimes like drug trafficking and terrorist financing. Despite its gains, the future of the agency's… Continue reading
Sep 06 WATCH: IRS has recovered $1.3 billion in unpaid taxes from wealthy tax dodgers, Yellen says By Fatima Hussein, Associated Press Treasury Secretary Janet Yellen and IRS Commissioner Danny Werfel traveled to Austin, Texas, to tour an IRS campus and announce the latest milestone in tax collections as Republicans warn of big future budget cuts for the tax agency if they… Continue reading
Sep 04 Killing taxes on tips sounds good, but experts say it doesn’t solve the real problem By Hannah Grabenstein No taxes on tips sounds good. Experts say the effects would range from hardly life-changing to potentially harmful. Continue reading
Apr 16 WATCH: Biden announces tax plan at campaign event in Scranton, PA By Chris Megerian, Associated Press Biden is looking to gain ground in a key swing state while his opponent spends much of the week in a New York City courtroom for his first criminal trial. Continue reading
Feb 06 IRS expects to collect hundreds of billions more in unpaid taxes thanks to new funding By Fatima Hussein, Associated Press The report says tax revenues are expected to increase by as much as $561 billion from 2024 to 2034, which is substantially more than previous estimates. Continue reading
Jan 29 The IRS is launching a direct file pilot program for the 2024 tax season — here is how it will work By Fatima Hussein, Associated Press The Direct File pilot program is set to be rolled out in phases. First, select government employees are being invited to participate. It will expand to certain other taxpayers in February and March. Continue reading