Taxes

Millions of parents across the U.S. can expect to receive some extra cash this week, when the IRS will start distributing the fifth round of payments from the expanded child tax credit.

A conservative group focused on opposing President Biden's economic agenda launched a new $100,000 ad campaign this week targeting five House Democrats over surging consumer prices as inflation hits the highest level since 1990.

A majority of millionaires would receive a tax cut under the newest reconciliation framework unveiled by House Democrats, according to a new analysis published this week.

Millions of Americans could be in store for higher taxes as spiraling inflation pushes consumer prices higher.

Provisions included in a draft version of President Biden’s social spending bill would violate his pledge that tax hikes will only affect Americans earning more $400,000 or more, according to an analysis released Thursday by the nonpartisan Tax Policy Center.

The Roth IRA's tax-free rewards during retirement are appealing to both young and older savers who meet the income threshold. However, it's not the only way to capitalize on the tax code.

Elon Musk sold about $5 billion in Tesla shares this week as he exercised stock options.

The IRS on Wednesday announced 2022 inflation adjustments for a slew of different tax provisions, including federal income brackets and the standard deduction, that reflect a months-long surge in consumer prices.

The Federal Reserve for months has taken a patient stance on hotter-than-expected inflation, reiterating frequently that a months-long surge in consumer prices is transitory and that raising interest rates too soon risks the U.S. from achieving full jobs recovery.