90% of qualifying electric-vehicle buyers opt for $7,500 ‘new clean vehicle’ tax credit as upfront payment, Treasury says
The bulk of Americans buying qualifying new electric vehicles are opting to receive an associated tax credit upfront from the…
New ETF looks to profit from municipal bonds
A new ETF is trying to capture profits in the municipal funds space. BondBloxx’s Joanna Gallegos is behind the IR+M…
Prison inmate led scheme swindling U.S. out of $550 million in Covid tax credits, feds say
A California prison inmate locked up on a gang-related murder conviction led a scheme that defrauded the U.S. government out…
Does the tax on your year-end bonus check seem high? Here’s why
Does your year-end bonus look smaller than expected? Tax withholding is a likely culprit, but Uncle Sam may pay some…
Swiss bank Banque Pictet admits hiding $5.6 billion of Americans’ money from IRS
A major Swiss bank admitted to conspiring with U.S. taxpayers and others to hide over $5.6 billion from the Internal…
How a tax break of up to $3,200 can help heat your home more efficiently this winter
Winter is almost here, meaning the year’s coldest temperatures aren’t far off. But homeowners can take advantage of recently enacted…
Hunter Biden prosecutor tells House panel he is ‘the decision-maker on this case’
The federal prosecutor in the cases against Hunter Biden told the Republican-led House Judiciary Committee on Tuesday that “political considerations…
In trial testimony, Donald Trump Jr. says he doesn’t remember working on financial statements
Donald Trump Jr., the eldest son and co-defendant of former President Donald Trump, testified Wednesday that he did not remember…
Trump New York fraud trial ends first day with tax accountant testimony
An accountant who worked on the tax returns of Donald Trump testified Monday as the first witness at the former…
New IRS paperless system will help reduce deficit significantly over 10 years, Yellen says
WASHINGTON — Treasury Secretary Janet Yellen praised a new initiative by the IRS that she said will help reduce the…
