Biden's SEC set to overhaul Wall Steet stock trading
House Financial Services Committee member Rep. Bill Huizenga discusses new SEC regulations that could limit investors from buying and selling stocks on 'The Big Money Show.'
Is my state stimulus payment taxable?
The IRS has decided that taxpayers in 17 states will not need to report special payments on their 2022 tax returns. Payments from four other states may or may not be reportable.
The IRS has delivered 8M tax refunds so far. This is the average amount
The average tax refund amount so far this filing season is worth about $1,963, a decline of about 11% when compared with last year, according to IRS data.
Biden's potential IRS commissioner faces Congress
Senior congressional correspondent Chad Pergram reports on Democrats and Republicans' differing views on the agency in a confirmation hearing for its nominated leader on 'The Bottom Line.'
Biden IRS nominee promises not to increase audits of households making less than $400K
IRS commissioner nominee Daniel Werfel is expected to tell a Senate committee that if he gets the job, he will not increase audits on those making less than $400,000.
IRS reveals if you owe taxes on government relief checks
The IRS has determined whether state-issued rebate payments will count as taxable income for the 2022 tax season after telling taxpayers to delay filing.
High inflation could hit your taxes this year - here's how
Taxpayers living in at least 22 states could face higher taxes as a result of stubbornly high inflation, a phenomenon that is known as "bracket creep."
Biden’s IRS slammed over plan to dip into tip jars: ‘Already struggling to survive’
With signs that the IRS is looking to crack down on servers and small businesses, one waitress alongside lawmakers on Capitol Hill spotlight how critical tips are.
Biden reignites push for new minimum tax on billionaires: What to know
A billionaire tax and higher levies on corporate stock buybacks were reintroduced by President Joe Biden in his State of the Union address on Tuesday night.
Biden 'out of touch' on GOP stance on medicare, social security: Rep. Scott Perry
Rep. Scott Perry, R-Penn., discusses Biden's attack on Republicans' medicare and social security stance, the Chinese spy flight, government spending and the Democrats' handling of the border crisis.
Hold off on filing your return, IRS tells millions of taxpayers
The Internal Revenue Service says it would clear up confusion this week about whether certain state refunds count as taxable income.
IRS proposes new reporting program for workers who earn tips
The IRS is asking for public feedback on a proposed tip reporting program for employers in the service industry.
The IRS is coming after middle America: Sen. Bill Hagerty
Sen. Bill Hagerty, R-Tenn., discusses the new GOP bill that would ban the IRS' $600 reporting requirement and reacts to claims that the GOP is targeting cuts to Social Security, Medicare, and Medicaid.
Democrats call out Republicans for wanting to limit government spending
California Rep. Michelle Steel breaks down why current tax policies have financially hurt many across America on 'The Evening Edit.'
Americans in these states will pay less in taxes this year
At least eleven states are reducing individual income tax cuts for residents this year in response to high revenues as an attempt to stay competitive.
Tax season officially begins on Monday: Here are all of your questions, answered
The IRS has selected Jan. 23 as the official start of the 2022 tax filing season, promising taxpayers an easier filing process than in previous years.
Rep. Kat Cammack: Our priorities are 'completely misaligned' with what Americans want and need
Florida Rep. Kat Cammack breaks down why House GOP members are demanding a reduction in government spending on 'The Evening Edit.'
Taxpayers can still avoid 'surprise' tax bill from the IRS, but time is running out
Taxpayers who fail to make a fourth-quarter estimated tax payment by Jan. 17 could be hit with a "surprise" financial penalty, according to the IRS.
IRS tax code 'overcomplicated,' needs to be overhauled: Rep. Andy Ogles
House Financial Services Committee member Rep. Andy Ogles reacts to Biden attacking GOP's tax agenda on 'Varney & Co.'
Advance tax refund provider raises loan limit to $7,000 amid raging inflation
Tax preparation and software companies H&R Block and Jackson Hewett and Intuit's TurboTax offer loans against anticipated tax refunds, which may become more popular in times of high inflation.