IRS delays tax-reporting rule on Venmo, PayPal payments over $600
A controversial new tax-reporting policy involving payments over $600 on e-commerce platforms like eBay and Etsy will be delayed by one year, the IRS said.
IRS sets new tax brackets, standard deduction for 2024
The IRS on Thursday announced the new income limits for the different tax brackets as still-high inflation continues to squeeze Americans financially.
Yellen says Republican cuts to IRS funding would be 'damaging and irresponsible'
Treasury Secretary Janet Yellen condemned Republican efforts to claw back funding for the IRS in its effort to provide Israel with $14 billion in aid.
Americans can't be burdened with excess IRS intervention: Rep. Darrell Issa
Rep. Darrell Issa, R-Calif., discusses Biden's new aid package to help fund the Ukraine and Israel wars on 'Varney & Co.'
IRS raises 401(k), IRA contribution limits for 2024
The IRS said Wednesday that it lifted the amount that workers can set aside for retirement in their 401(k), IRA and other tax-deferred plans next year.
Israel support, US border security trumps Ukraine aid: Rep. Byron Donalds
Rep. Byron Donalds, R-Fla., discusses Mitch McConnell's push for more Ukraine spending on 'Varney & Co.'
Rep Andy Biggs pushes to axe IRS funding after alleged plan to audit 'more people'
Rep. Andy Biggs, R-Ariz., weighs in as GOP lawmakers slam IRS dysfunction despite $60B more in funding over 10 years on 'The Evening Edit.'
IRS crackdown on wealthy Americans has brought in $160M in back taxes
The IRS on Friday announced that it has brought in a cumulative $160 million from its efforts to crack down on wealthy Americans evading their taxes.
IRS plans to test free tax-filing pilot program in 13 states next year
The IRS plans to launch a free tax-filing program in 13 states for select taxpayers, projecting that hundreds of thousands will participate in the pilot.
IRS says taxpayers impacted by terrorist attacks on Israel qualify for tax relief
The Internal Revenue Service is providing tax relief to individual and corporate taxpayers impacted by Hamas' terrorist attack on Israel for one year following the Oct. 7 attack.
Microsoft discloses IRS says the tech giant owes nearly $29 billion in unpaid taxes
Microsoft just disclosed that the Internal Revenue Service (IRS) has asked for a hefty sum of taxes that it believes the tech company has not paid. The total was $28.9 billion.
Key Biden tax pledge for audits of people making under $400K nearly impossible: ‘Blew up the narrative’
Treasury recently released a report casting doubt on the IRS's ability to limit audits on those making over $400,000 per year, making a key Biden promise difficult
White House refuses to reveal taxpayer cost of Biden's American Climate Corps
Americans for Tax Reform President Grover Norquist discusses Republican GOP candidates taking the taxpayer protection pledge, Biden's American Climate Corps, the administration's tax increases and the IRS targeting ticket resellers.
New IRS rule on reselling concert, sporting event tickets could impact large number of Americans
A new Internal Revenue Service rule targeting ticket resellers for concerts and sporting events could impact a large number of Americans after lowering tax reporting thresholds.
IRS looks to hire 3,700 new agents to crack down on wealthy tax cheats
The IRS is seeking to hire 3,700 new workers to ramp up enforcement on wealthy tax cheats with funding included in the Democrats' Inflation Reduction Act.
Hunter Biden's sweetheart deals won't make his crimes go away: Roger Severino
Heritage Foundation Vice President Roger Severino discusses why Hunter Biden is facing just gun charges and not tax charges on 'Varney & Co.'
IRS announces changes impacting catch-up contributions
The IRS announced a delay for changes under the Secure 2.0 Act to Americans' catch-up contributions to retirement accounts, allowing those to be made on a pretax basis through 2025.
Rep. Steve Scalise: Why did Joe Biden use fake names?
House Majority Leader Rep. Steve Scalise, R-La., discusses the Hunter Biden probe and a possible short-term spending bill on 'Maria Bartiromo's Wall Street.'
IRS says new paperless processing initiative will allow for faster refunds
The Internal Revenue Service has launched a plan for allowing taxpayers the ability to file more returns and correspond with the agency digitally in a push to go paperless.
This is why Devon Archer's testimony 'is important': Rep. Pat Fallon
Rep. Pat Fallon, R-Texas, argues Hunter Biden's former business partner 'might very well' connect the Biden family dots.