Taxes

FOX Business' Stuart Varney slams the Democrats for 'returning to the failure of socialism.'

President Biden on Monday unveiled a new minimum tax targeting billionaires as part of his 2023 budget request, proposing a 20% rate that would hit both the income and unrealized capital gains of the wealthiest Americans.

Interest rates will rise for the calendar quarter beginning April 1, the IRS has said, an increase that could have important consequences for late tax filers.

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.

More than half of U.S. households paid no federal income taxes in 2021, a temporary spike attributed to massive COVID-19 relief spending in the form of tax credits and stimulus payments.

Millions of out-of-work Americans who collected unemployment benefits as a result of the COVID-19 pandemic could face an unpleasant surprise when they file their taxes this year.

No taxpayer wants to hear from the IRS unless it involves a refund, and they don't want to have to reach out to you, either. So, the agency shared tips on how to avoid getting a dreaded letter from the tax man.

Several states are taking steps to temporarily pause gasoline taxes in hopes of offsetting surging prices at the pump – but the benefits may be slow to reach Americans.

With just one month remaining in the 2022 tax season, and the IRS has delivered millions of refunds to taxpayers, a major influx of money to households that many Americans depend on.

Several states are taking steps to temporarily roll back gasoline taxes in hopes of providing some relief for Americans who are experiencing surging prices at the pump.

Millions more children are living in poverty following the expiration of the expanded Child Tax Credit, according to a new report.

The price of gasoline continued moving lower over the weekend after setting a record high a week ago.

A bipartisan group of lawmakers is calling for the restoration of a charitable deduction for donors who don't itemize their taxes, a top priority for nonprofits nationwide.

California Democrats have unveiled a new proposal that would send a $400 rebate to every taxpayer in the state to help offset the financial pain of surging gasoline prices.

The IRS is wading through an unprecedented backlog of unprocessed tax returns, but the head of the tax-collecting agency told Congress on Thursday that he expects the government to clear out the pileup by the end of the year.

No matter how much you spend raising your children, the government does give you a break of sorts by offering credits and deductions at tax time. Here are some of the biggest.

A stock split will increase the number of Amazon shares in your account, but are there tax consequences?