Trump’s tax bill could end popular ‘SALT’ deduction workaround for certain business owners
Speaker of the House Mike Johnson, R-La., speaks to the media after the House narrowly passed a bill forwarding President
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Personal saving
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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Supreme Court hears tax case on ‘income’: It may ‘have the biggest fiscal policy effects of
People exit the Supreme Court building in Washington, D.C. on Tuesday, June 27, 2023. Minh Connors | The Washington Post
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IRS delays tax reporting rule change for business payments on apps such as Venmo and PayPal
IRS Commissioner Daniel Werfel testifies before a Senate Finance Committee hearing on Feb. 15, 2023. Kevin Lamarque | Reuters If
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