Plus: Relief for taxpayers impacted by wildfires, itemizing deductions, civil forfeiture programs, Direct File, Tax Cuts and ...

Labor Department data shows that consumer prices rose a combined 20.8% during the course of Biden’s presidency, but people’s average weekly earnings rose just 17.4% over the same period. That meant ...

The new budget forecasts predicted that the United States will record a $1.9 trillion budget deficit this fiscal year and ...

IRS Commissioner Daniel Werfel says he intends to step down from his position on President-elect Donald Trump’s Inauguration ...

Daniel Werfel, the commissioner of the Internal Revenue Service, told the agency’s employees that he would end his term early ...

Republicans on the House Budget Committee are considering more than 200 potential budget cuts, tax breaks, tariffs and ...

Direct File, the IRS’ free tax filing program, has expanded to 25 states for 2025. But the program’s future remains uncertain ...

U.S. Treasury nominee Scott Bessent on Thursday faced sharp questions from both Democrats and Republicans on tax policies, ...

Scott Bessent said passing new tax legislation is a huge economic concern for the country, including for working- and middle-class families.

Follow along with MarketWatch's live coverage of the Senate confirmation hearing for Scott Bessent, President-elect Donald ...