Parents could see $5,500 boost to earned income tax credit under new Democratic measure
State Sen. Kristen McDonald Rivet addresses supporters of her campaign for Congress during a primary election night watch party in
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Internal Revenue Service
Trump’s ‘No tax on tips’ could be end of large-group service fees on restaurant bills
Many restaurants may need to rethink their mandatory gratuity policies if they want this income to count as qualified tips
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Treasury Department suspends enforcement of ownership information reporting for millions of
The US Treasury building in Washington, DC, US, on Monday, Jan. 27, 2025. Stefani Reynolds | Bloomberg | Getty Images
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The end of this tax break could be ‘very disruptive’ to business owners, expert says — what
The Good Brigade | Digitalvision | Getty Images Tax breaks worth trillions of dollars are scheduled to expire after 2025
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IRS to reject billions of dollars in ‘improper’ pandemic-era small business tax credit
Danny Werfel, IRS commissioner, speaks after being ceremonially sworn in at the IRS headquarters in Washington on April 4, 2023.
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Treasury, IRS unveil plan to close ‘major tax loophole’ used by large partnerships
IRS Commissioner Danny Werfel testifies before the House Appropriations Committee in Washington, D.C., on May 7, 2024. Kevin Dietsch |
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You could score a tax break for hiring your own kids this summer — if you follow the rules
Mixetto | E+ | Getty Images If you’re self-employed, hiring your kids could provide tax benefits — provided you follow
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IRS unveils ‘voluntary disclosure program’ for businesses duped by pandemic-era tax credit
IRS Commissioner Daniel Werfel testifies before the House Small Business Committee on July 17, 2013. James Lawler Duggan | Reuters
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IRS rejects more than 20,000 refund claims for pandemic-related tax credit
IRS Commissioner Daniel Werfel speaks during an IRS event in McLean, Virginia, on Aug. 2, 2023. Alex Wong | Getty
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How Innovation Refunds cashed in on the Employee Retention Credit
The Employee Retention Credit was intended to be a financial lifeline to small businesses struggling to make ends meet during
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