President Donald Trump rolled out the idea for a new tax break on car loans during a 2024 campaign stop in Detroit. Here's how the new law works.

Because the deduction starts to phase out for single filers earning over $75,000 and married couples making over $150,000 — ...

The proposal calls for cutting the annual IRS budget down to $9.5 billion, with steep cuts to its enforcement budget.

In a stipulation included in a Joint Motion for Entry of Consent Judgment, the IRS stated that when a church communicates ...

The Internal Revenue Service is building a computer program that would give deportation officers unprecedented access to ...

A look at the "no tax on car loan interest" provision in the "Big Beautiful Bill" reveals key eligibility criteria. But the ...

Under the new tips deduction, employees and self-employed individuals can now deduct “qualified tips” received when filing their taxes, according to the IRS.

Former Missouri congressman Billy Long was ceremonially sworn in as commissioner of the Internal Revenue Service on Friday in ...

Key Points The "big, beautiful bill" provides a deduction, but doesn't eliminate the federal tax on Social Security.The ...

The solar tax credit, plus other residential clean energy and energy efficient home improvement credits, are about to expire.

About two-thirds of U.S. adults expect the new tax law will help the rich, according to the poll from The Associated ...