Laura Davison

The proposal includes a wave of new spending, including more direct payments to households and an expansion of jobless benefits.

The president-elect's pledge to repeal President Trump‘s tax cuts as soon as he is inaugurated may be stymied for the foreseeable future.

“Time is quickly running out for these taxpayers," IRS Commissioner Chuck Rettig said in a statement.

Small businesses that manage to get their Paycheck Protection Program loans forgiven may find themselves losing valuable tax breaks, according to new guidance from the Internal Revenue Service.

Some clients can get an extension on paying taxes of up to $1 million and corporations can defer tax payments of up to $10 million.

Two years after the tax law eliminated write-offs for investment costs and advice, lawyers say they have found a loophole hidden in years-old IRS case law.

Clients who own a business may be eligible for a 20% deduction as a result of tax overhaul. For those who don’t qualify, there are other savvy strategies

Changes to the law meant some taxpayers needed to adjust their withholding. Many were confused about how to do so.