Internal Revenue Service – Page 10

Trump Picks Former Representative Billy Long to Lead I.R.S.

Billy Long served six terms as a representative from Missouri. Since then, he has helped businesses claim a pandemic-era tax credit that has been riddled with fraud and cost the government billions more than anticipated.

By Andrew Duehren

Content Type: Service Employee Fringe Benefits Internal Revenue Service Law and Legislation Pensions and Retirement Plans Personal Finances

Older Workers to Get ‘Super’ 401(k) Catch-Up Contributions in 2025

Workers who are 60 to 63 will be able to put in up to $11,250 in extra contributions, if they can afford it.

By Ann Carrns

Environmental Protection Agency Global Warming Internal Revenue Service Tax Credits, Deductions and Exemptions United States Politics and Government Warren, Elizabeth

Critics Fear Tax Subsidies for Carbon Capture Won’t Be Checked

Some activists are questioning whether the federal government can accurately verify a tax program for facilities that store planet-warming gases.

By Minho Kim

Biden, Joseph R Jr Corporate Taxes Harris, Kamala D Inflation Reduction Act of 2022 Internal Revenue Service Law and Legislation Presidential Election of 2024 Tax Credits, Deductions and Exemptions Treasury Department United States Politics and Government

A Corporate Minimum Tax Aimed at Closing ‘Loopholes’ Leaves Gaps

The Treasury Department estimates that a new law requiring big companies to pay a 15 percent tax will raise $250 billion from large corporations over the next 10 years.

By Andrew Duehren