The IRS has issued a request to taxpayers with extensions for their 2024 federal tax returns to file them in the summer months.

Lower taxes on tips, overtime and capital spending offer a modest tailwind, even as big deficits threaten future growth.

Congress temporarily boosted the value of the Child Tax Credit (CTC) and expanded the maximum credit, for the first time, to ...

A deep dive into the second Economic Impact Payment. How much individuals and families received, who qualified, and phase-out rules.

U.S. President Donald Trump’s tax and budget bill would increase deficits by US$2.8 trillion over the next decade, according to the Congressional Budget Office.

The highest-earning U.S. households would see the biggest gains under the GOP budget package thanks to tax cuts, CBO analysis finds.