Taxes

Former IRS lawyer William Henck told FOX Business the agency will target middle-income Americans with new audits to raise revenues under the Inflation Reduction Act.

Republican lawmakers slammed Democrats over their reported plan Friday to increase taxes on individuals and corporations if they keep majority control of Congress.

Lower- and middle-class Americans are projected to bear the brunt of the vast majority of additional tax audits authorized under Democrats' spending bill the Senate passed Sunday.

The National Federation of Independent Business, a major small business lobbying group, is unveiling a new ad campaign pressuring Congress not to introduce new taxes.

Sen. Joe Manchin's inflation bill includes a tax provision from the Build Back Better Act which a nonpartisan analysis described as that bill's "most economically damaging provision."

The poorest Americans will pay more in taxes as a result of Democrats' inflation bill, a nonpartisan analysis concluded, despite President Biden's past pledges.

Rand Paul is out with a new report showing that a key tax hike being championed by Democrats would impact more than 8.3 million small businesses in America.

A global minimum tax deal hit a new roadblock last week after Hungary vetoed its implementation at a meeting of European Union finance ministers in Luxembourg.

Connecticut plans to increase their taxes on diesel by 9 cents. The upcoming change will be made on July 1st. It will increase from 40.1 cents per gallon to 49.2 cents per gallon.

The White House will target billionaires with a new minimum tax when President Biden unveils his 2023 budget, according to a document from the administration obtained by Fox News.

President Biden claimed that the Republican tax cuts that former President Trump signed in 2017 benefited “the top 1% of Americans” but not “working people,” unlike his American Rescue Plan, but various studies on the tax cuts tell a far different story.

With tax season officially underway, Americans should be on the lookout for new laws that could affect their taxes.

EXCLUSIVE: The Internal Revenue Service (IRS) would be barred from using facial recognition software on taxpayers under new legislation introduced Friday in Congress.

Elon Musk took aim at Sen. Elizabeth Warren, D-Mass., referring to her as “Senator Karen” after she claimed he does not pay taxes and is “freeloading off everyone else.”

Big money investors looking for an inflation hedge have been turning to farms and ranches, according to brokers, who noted that people with “significant amounts of cash” are still investing in remote real estate following the so-called COVID “Zoom boom.”

Democratic Sen. Ron Wyden of Oregon and his 'cronies' were blasted by the senator’s multimillionaire son for 'hating' the American Dream

Colorado’s Democratic Governor Jared Polis is drawing scrutiny for paying little in taxes despite earnings that classify him as a millionaire.

In a late Thursday night revision to President Biden’s social spending package, Democrats included a provision that would raise the itemized deduction cap for state and local taxes (SALT), a move analysts argue will only benefit high-income earners.

Larry Kudlow shares his thoughts on what Youngkin's win in the Virginia governor's race could mean for Democrats.

President Biden and other world leaders at the G20 Summit in Rome endorsed a global minimum tax on corporations.