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The Latest Breaking News from IRS

What's inside Democrats' $740 billion tax, climate and health care bill

The bill has cleared its tallest hurdle and is expected to pass the House before heading to Biden.

Axios

Senate Passes $740 Billion 'Inflation Reduction Act' That Will Probably Make Inflation Worse

Plus: Inside Trump's family separation policy, a Grammarly for government, and more...

Reason

US Senate approves bill to fight climate change, cut drug costs

Estimated $430bn economic package aims to slow climate change, control medicine costs, and raise corporate taxes.

Al Jazeera

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What's in Democrats' big bill? Climate, health care, savings

The estimated $740 billion economic package from Democrats is nowhere near what President Joe Biden first envisioned with his effort to rebuild America’s public infrastructure and family support systems

The Independent UK

Winners and losers in Democrats’ signature tax and energy bill

WASHINGTON — President Joe Biden and Senate Majority Leader Chuck Schumer are the biggest winners now that a huge piece of Democrats’ economic agenda is hurtling toward enactment.

Tribune News Service

Sweeping budget package passes Senate; House will take up measure Friday

WASHINGTON — After a year of negotiations, impasses and political maneuvering, the Senate passed Democrats’ top domestic priority: an economic package that would pump hundreds of billions of dollars into clean energy programs, raise taxes on corporations and lower health care costs.

Tribune News Service

Senate Democrats approve big Biden deal; House to vote next

The estimated $740 billion package heads next to the House, where lawmakers are poised to deliver on Biden’s priorities.

Chicago Sun-Times

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Sweeping budget package passes Senate; House on deck Friday - Roll Call

After a year of negotiations, impasses and political maneuvering, the Senate passed Democrats' top domestic priority.

Roll Call

Thune breaks through Democratic bloc on 'vote-a-rama' amendments - Roll Call

Senate Democrats stuck together and mostly voted against amendments to their tax, climate and health care package.

Roll Call

After four-hour debate, Senate begins voting on budget bill amendments - Roll Call

The Senate is starting what could be a marathon session of votes on the budget package after four hours of debate.

Roll Call

Wealthy Americans escape tax hikes in bill but will face beefed-up IRS

Wealthy Americans dodged getting hit by tax increases in the Democrats’ economic package, but they likely will face a much better-funded Internal Revenue Service equipped with new auditors and technology to uncover tax avoidance.

Tribune News Service

Tougher IRS enforcement central to Dem economic package

One of Washington’s favorite punching bags, the Internal Revenue Service, may finally get the resources it’s been asking Congress for if Democrats get their economic package focused on energy and health care over the finish line

The Independent UK

Biden, Republicans spar over impact of Dems' economic plan

Democrats call it the “Inflation Reduction Act.”

The Independent UK

Deducting Summer Camps and Daycare with the Child and Dependent Care Credit

If you paid a provider to care for a child under age 13 or a disabled dependent of any age, you may qualify for a tax credit.

The Street

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Axios

Scoop: 2024 GOP hopefuls back Trump's plan to purge civil servants

Even if Trump isn't reelected, it’s likely the next GOP president will try to implement Schedule F.

Kiplinger

Inflation Reduction Act Tax Credits: What You Should Know

The Inflation Reduction Act increases IRS funding, changes tax policy, and offers new and expanded tax credits.

Tribune News Service

Commentary: As Americans reel from stagflation, Manchin pitches tax hikes

Stagflation is here. Inflation notched a fresh 40-year high of 9.1 percent in June, and the economy shrank in the first and second quarters of the year.

The Street

Estimated Taxes: How to Determine What to Pay and When

If you're self-employed, we'll make it easy for you to figure out if you have to pay estimated taxes and if so, how much.

Get all your
news in one place.

100’s of premium titles.
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Salon

Right-wing group claims it's a "church"

Forty lawmakers are calling on the IRS and the Treasury to investigate Tony Perkins' Family Research Council

Los Angeles Times

Here’s what you should do about suspicious credit report activity

Dear Liz: I recently obtained copies of my credit reports from the three major credit bureaus and discovered my brother’s home address listed in the personal information section. I am extremely concerned about how and why this happened since I have never lived with my brother.

Benzinga

Benzinga Before The Bell: Alibaba's Delisting Concerns, Amgen's Potential $10.7B Tax Bill, Kenya Will Not Shut Facebook Services And Other Top Financial Stories Monday, August 1

CNBC

The Street

Filing Taxes After a Divorce: Is Alimony Taxable?

Learn how alimony is taxed and other tax reporting tips you should know while filing taxes after a divorce.

Benzinga

How To Buy Real Estate With Cryptocurrency

From parking spots to vacation rental houses and homes, everything will soon be bought with the help of cryptocurrency. Real estate purchased with cryptocurrency is fast becoming popular with buyers, sellers, and investors.

The Street

How to Deal with Penalties from Tax Non-Payment

The IRS will continue to attempt collection of the tax you owe, but it may be willing to waive or reduce the penalty charges if you can show good cause.

Benzinga

StateHouse Holdings Reaches Agreement With IRS To Resolve Legacy Federal Tax Obligations

StateHouse Holdings Inc. (OTCQX: STHZF) (CSE:STHZ) has reached a partial payment installment agreement with the Internal Revenue Service related to the fed

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