tag | taxes

Democrats will use the same budgetary process used four decades ago when first-year President Ronald Reagan used reconciliation to achieve his “revolution” in federal fiscal policy.

Leaders are attempting to prove to skeptics within their own party that it is possible to finance a vast expansion of federal spending — all without increasing taxes on everyday Americans.

The expanded credit has been touted as a having the potential to cut U.S. child poverty in half — but only if eligible families sign up.

President Joe Biden’s predecessor, Donald Trump, declined to release his tax returns, a precedent that the new administration rejected.

If you’ve been putting off filing your tax return this year, here’s some good news. The IRS is expected to delay the filing deadline by another month.

The Internal Revenue Service has the job of implementing the coronavirus relief package, and they’ve had a rough decade or so. Budgets were slashed, there was a hiring freeze and a loss of workers. Still, the work keeps coming.