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Finance

Treasury, IRS unveil plan to close ‘major tax loophole’ used by large partnerships

IRS Commissioner Danny Werfel testifies before the House Appropriations Committee in Washington, D.C., on May 7, 2024.Kevin Dietsch | Getty ImagesThe U.S. Department of...

Finance

More than $1 billion in EV tax credits issued upfront to buyers, Treasury and IRS say

Halfpoint Images | Moment | Getty ImagesThe federal government has issued more than $1 billion in tax credits as an upfront cash incentive to...

Finance

Social Security now expected to run short on funds in 2035, one year later than previously projected, Treasury says

People leave a Social Security Administration building in Burbank, California. Valerie Macon | Afp | Getty ImagesThe trust funds the Social Security Administration relies on...

Finance

New fund bets big on Eisenhower-era stocks

Investors concerned about the market may want to consider stocks that have stood the test of time — otherwise known as dividend monarchs.That's a...

Finance

Social Security trust funds depletion date moves one year earlier to 2034, Treasury says

A Social Security Administration office in San Francisco.Getty ImagesThe Social Security trust funds that about 67 million Americans rely on for benefits are scheduled...

Finance

IRS about 3 to 5 times more likely to audit Black Americans’ tax returns, study finds

Jeffrey Coolidge | Photodisc | Getty ImagesBlack Americans are roughly three to five times more likely to face an IRS audit than other taxpayers,...

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