Since the post-Nixon era, the Internal Revenue Service has had a degree of independence from the White House. President Trump is seeking to change that.
Category: Tax Credits, Deductions and Exemptions
-
Why Does Harvard Have Tax-Exempt Status and Can the IRS Revoke It? What to Know.
The university, like many colleges and charities, is exempt from federal income and property taxes, saving it billions of dollars. President Trump has questioned whether it should enjoy that status.
-
Used Tesla Market Heats Up as Owners Sell to Protest Elon Musk
Teslas that have been sold or traded in during the backlash against the company’s chief executive have become bargains on lots.
-
Republicans Like to Cut Taxes. With Tariffs, Trump Is Raising Them.
President Trump’s tariffs are scrambling the Republican plan for the economy, long centered on tax cuts and growth.
-
Tax Tips for Those Who Haven’t Filed Their 2024 Returns
Despite the turmoil at the I.R.S., tax returns are still due on April 15. And, yes, there are still options for lowering last year’s taxable income.
-
Obamacare Could See Big Changes in 2026
A proposed rule would restrict “eligibility, enrollment and affordability” in plans under the Affordable Care Act, health policy analysts say.
-
What Oil Executives Want From President Trump
Tariffs, tax credits and deregulation are among the industry’s top priorities.
-
Mercedes’s Most Affordable Sedan Will Be Electric
The German luxury carmaker said its latest compact sedan solved problems that had kept people from buying electric vehicles.
-
How the Tax Bill Could Impact Your Wallet
Brackets may change. The standard deduction could fall. And President Trump will probably not remove taxes on Social Security income.
-
Scammers Stole Their Retirement Savings. Then the Tax Bill Arrived.
The victims pulled money out of their retirement accounts. The withdrawals had inflated their taxable income, even though the funds quickly disappeared.
-
Clean Energy Was Lifting Manufacturing. Now Investment Is in Jeopardy.
With the Trump administration reversing support for low-carbon power, the business case for making wind, solar and electric vehicle parts gets weaker.