Tax Breaks: The Money, Treasury, And Internal Revenue Service Shakeup Edition
Plus: Relief for taxpayers impacted by wildfires, itemizing deductions, civil forfeiture programs, Direct File, Tax Cuts and ...
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How Biden’s domestic policy record stacks up against public perception
Labor Department data shows that consumer prices rose a combined 20.8% during the course of Biden’s presidency, but people’s average weekly earnings rose just 17.4% over the same period. That meant ...
U.S. Faces Record Debt Levels as Republicans Plan Tax Cuts
The new budget forecasts predicted that the United States will record a $1.9 trillion budget deficit this fiscal year and ...
I.R.S. Commissioner to Quit as Trump Takes Office
Daniel Werfel, the commissioner of the Internal Revenue Service, told the agency’s employees that he would end his term early ...
House Budget Republicans eye more than 200 spending cuts, tax changes for major bill
Republicans on the House Budget Committee are considering more than 200 potential budget cuts, tax breaks, tariffs and ...
IRS' free Direct File program expands to 25 states — but still faces Republican scrutiny
Direct File, the IRS’ free tax filing program, has expanded to 25 states for 2025. But the program’s future remains uncertain ...
Treasury nominee attends hearing
U.S. Treasury nominee Scott Bessent on Thursday faced sharp questions from both Democrats and Republicans on tax policies, ...
Trump's Treasury pick Bessent defended tariffs. But 'jitters' remain for markets.
Follow along with MarketWatch's live coverage of the Senate confirmation hearing for Scott Bessent, President-elect Donald ...
Trump treasury pick Scott Bessent calls for stronger Russia sanctions, Fed independence at confirmation panel
Scott Bessent, tapped by Donald Trump to be treasury secretary, faced sharp questions from Democrats and Republicans on tax ...
Why salty blue-state House Republicans are vital to saving Trump’s tax cuts
In the horse-trading to preserve Trump’s tax cuts, some House Republicans seek a SALT cap increase. Right now, the House has ...