Government falling short on promise to roll out automatic tax filing pilot, experts say
The government is falling short on a 2023 budget commitment to pilot a new automatic tax filing program this year, experts say.
Tax in news
The IRS has 940,000 unclaimed tax refunds from 2020 that are about to expire. Is one of them yours?
WASHINGTON (AP) — The IRS is warning taxpayers that they may be leaving more than $1 billion on the table.
Biden, Promising Corporate Tax Increases, Has Cut Taxes Overall
President Biden, amping up a populist pitch in his re-election campaign, has repeatedly said he would raise taxes on the wealthy and corporations to make them pay their “fair share.”
Leading conservative judicial activist poured $216M into causes in 12-month span: tax forms
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House Judiciary Committee suing DOJ officials for testimony on Hunter Biden tax case
The House Judiciary Committee is suing Justice Department officials Mark Daly and Jack Morgan to enforce subpoenas for their testimony related to the Hunter Biden tax investigation as part of the broader House impeachment inquiry into President Biden.
I.R.S. Stepping Up Efforts to Squash Fraud in Tax Credit Program
The software was called Tax Bandits. The scheme, which was run out of a prison in California, federal officials said, attempted to fraudulently claim more than half a billion dollars in tax refunds.
Treasury chief Yellen defends Biden budget against Republican senators' fears of tax increases
WASHINGTON — Treasury Secretary Janet Yellen on Thursday defended President Joe Biden's 2025 fiscal budget proposal as Republican senators said they feared taxes would rise for the middle class as the result of a law due to expire next year. "For years, President Biden has vowed no tax increase on individuals earning less than $400,000," Sen. Steve Daines, R-Mont., said during a Senate Finance Committee hearing where Yellen was testifying. "And now President Biden is choosing to let the Tax Cuts and Jobs Act expire and increase the corporate tax rate, forcing American families and workers to bear the cost of these 'woke' policies," Daines said, referencing clean energy policies under the 2022 Inflation Red
What's behind the carbon tax, and does it work?
With the federal government under pressure to freeze its planned increase to the carbon tax, policy experts are calling for a clear-eyed debate over the legislation and its role in the country's climate goals.