The Inflation Reduction Act imposed a 15-percent “alternative minimum tax” on large corporations in 2022. The idea was to keep big companies from using complex accounting tricks and IRS loopholes to ...

An executive order issued in March requires the Treasury secretary to cease issuing paper checks for all federal ...

Clocking in at 870 pages, the recently passed budget reconciliation bill certainly lives up to at least one part of its name. Dubbed the One Big Beautiful Bill Act, the legislation extends some ...

The IRS has lost more than a quarter of its employees under the Trump administration and faces further staffing cuts.

The IRS debuted Direct File — which enabled taxpayers to file online with the agency for free — as a pilot in 2024 and it ...

The U.S. fiscal landscape is on the brink of a major shift with President Trump's 'One Big Beautiful Bill.' This ...

Language terminating the IRS-run free electronic filing program is being removed from the GOP tax megabill, but funding to create a task force to study its replacement will remain, according to a ...

Taxpayers could face significant hurdles during the 2026 tax filing season after the Internal Revenue Service (IRS) reduced ...

After a successful 2025 tax filing season, the loss of over 25% of staff and a 37% drop in funding leave the status of the ...

Last week, the IRS published the majority of Direct File's source code to GitHub, with one of the people who worked on Direct File noting that "establishing trust with taxpayers was core to our ...