Bloomberg News

President Trump suggested his sweeping tariffs would help him reduce income taxes for people making less than $200,000 a year.

President Trump's tariffs would effectively cause a tax increase for low-income families more than three times higher than what wealthier Americans would pay.

President Donald Trump said he is open to the idea of higher taxes on millionaires but worries that a levy increase could hurt the party.

Former Treasury Secretary Lawrence Summers said the Trump administration's moves to downsize the IRS are likely to incentivize reduced tax-payment compliance.

Under current laws, qualified investors living in the commonwealth are not required to pay local or federal taxes on capital gains, including crypto appreciation.

White House officials are preparing executive orders that would strip some environmental nonprofits of their tax-exempt status.

Tax collections are confirming Wall Street forecasts that the U.S. government will not exhaust its borrowing capacity until later this year.

Treasury Secretary Scott Bessent appointed his deputy, Michael Faulkender, to lead the IRS, after Gary Shapley had been installed without Bessent's knowledge.

President Donald Trump is considering ideas to raise taxes on the rich as a way to partially offset revenue losses from his tax package.

The university pushed back against the U.S. government after President Donald Trump said the school should lose its tax-exempt status.

The Internal Revenue Service is projected to lose more than $313 billion over a decade as undocumented workers are poised to pay fewer taxes.

The legislation blocks a rule that would have forced some cryptocurrency brokers to provide tax information on transactions on their platforms.

President Trump's so-called reciprocal tariffs are dealing a thunderous blow to the world economy as he pushes forward efforts to drastically reorder global trade.

President Donald Trump rejected a European Union proposal to drop tariffs on all bilateral trade in industrial goods with the U.S.

President Donald Trump's much bigger-than-expected tariff hikes increase the urgency of the Republican tax-cut package now in negotiation.

A notice to probationary employees — fired in February and reinstated in March — directed probationary workers to prepare to return to "full duty" by April 14.

An aggressive suite of tariffs from President Trump will complicate the Federal Reserve's job as it struggles to quash inflation and avoid an economic downturn.

The department-store operator tied executives' cash bonuses to an earnings metric that turned out to be overstated by around $81 million in 2023.

Washington Governor Bob Ferguson said he wouldn't sign a budget that relies on the wealth tax proposed by his fellow Democrats in the state legislature.

A sizable increase to the current $10,000 limit on SALT write-offs would represent a major victory for a crucial group of swing-district House Republicans.