Bloomberg News

For a time earlier this year, Faulkender served as the acting commissioner of the Internal Revenue Service.

The dozen states that implemented a refundable CTC program in the wake of the pandemic held down child poverty rates relative to states that didn't act.

The scale of the retailer's overstatement is "quite shocking" and will likely impact management credibility, said one analyst.

S&P Global ratings reckons money flowing from the levies will offset the impact on the U.S.'s budget position from the recent tax and spending bill.

Vestas Wind Systems A/S shares jumped after guidance brought much-anticipated clarity to the rules on how clean energy projects can qualify for tax credits.

The Trump administration tightened long-standing eligibility requirements for clean energy tax credits.

A Treasury Department decision due next week threatens to undermine the financial viability of hundreds of planned clean energy projects.

President Trump's signature tax and spending bill is expected by most economists — and the Congressional Budget Office — to worsen U.S. deficits over the coming decade.

Treasury Secretary Bessent will serve as acting commissioner, as President Trump plans to nominate Long for an ambassadorship.

The move will enlarge refunds paid out to taxpayers early next year, ahead of the midterm congressional elections in November 2026.

Republicans are betting bigger tax refunds ahead of midterm elections paid for by cuts in social programs afterward will overcome early public disapproval.

While many companies have not stated what they might do, last month's tax legislation is helping ease some concerns while they grapple with tariff uncertainty.

Trump urged Keir Starmer to extract more oil from the North Sea and criticized U.K. taxes on fossil fuels in his latest attack on the prime minister's policies.

President Donald Trump said he is considering sending rebate checks to Americans using revenue from tariff increases his administration is imposing on U.S. trading partners.

The errors were tied to accounting for engineering scrap and engineering support labor.

House Speaker Mike Johnson is betting the upfront rewards from President Donald Trump's tax law will carry his party in the 2026 midterm elections.

House Republicans are aiming to pass provisions that were removed from President Donald Trump's "one big, beautiful bill."

It faces a potential $4.6 billion in additional taxes owed after an accounting change, although it is contesting the matter with the Internal Revenue Service.

President Donald Trump said he is considering a proposal to end capital gains taxes on home sales in a bid to boost the housing market.

President Donald Trump's recently enacted tax and spending law will add $3.4 trillion to U.S. deficits over a decade and leave millions without health care coverage, according to a new estimate from the nonpartisan Congressional Budget Office.