National Taxpayer Advocate Nina Olson released her annual report to Congress on Tuesday. Among her recommendations, consolidates the more than 200 tax breaks in today's code, and refocus the IRS culture on customer service.
The House Speaker will meet with the president-elect's transition team to talk about tax reform. Here are some highlights from the House plan and how it compares with Trump's.
The IRS will open the 2017 filing season on January 23, 2017. And unless you file for an extension, your federal return will be due no later than April 18.
Treasury Secretary nominee Steven Mnuchin describes a version of tax reform that differs from Donald Trump's at least in terms of how it would affect the rich.
Only two U.S. cities have passed a tax on sugar-sweetened beverages. Now three more cities in California and one in Colorado may do the same, in an effort to reduce diabetes and obesity.
Maine voters will consider a ballot initiative to raise its top tax rate to 10.15% from 7.15% on those making more than $200,000. California is looking to extend its temporary 13.3% top tax rate for another dozen years.
As part of her broader proposal to make child care more affordable for families who need help the most, Hillary Clinton would increase the child tax credit to $2,000 for children under age 5.
Most people who end up with zero federal income tax liability are low- and middle-income. But every year a tiny sliver of non-payers can be found among those pulling down $1 million or more.