The Latest Breaking News from Federal Taxes

Paying taxes is like paying a visit to the dentist: We might not like doing it, but deep down we know we need to. Among other things, our federal taxes fund national defense, health care for veterans, loans to small businesses, critical repairs for crumbling road and rail bridges, and…

Historically, April is tax time. (We will hold briefly for boos.) But there is a silver lining. Two, actually: Most people don’t need to pay for special software to file them. And if you’re fortunate enough to be a Californian, your state and federal taxes probably aren’t due until October.

The Brazilian government is set to resume the collection of federal taxes on fuels this week, the Finance Ministry said on Monday.

The IRS says most relief checks issued by states last year won't be subject to federal taxes, providing late guidance as taxpayers have begun filing returns

A week after telling payment recipients to delay filing returns, the agency won't challenge the taxability of payments related to general welfare and disaster.

Among the many concessions Kevin McCarthy agreed to in order to become speaker of the House is one that would give the so-called Fair Tax Act a full hearing on Capitol Hill. To describe the bill as radical would be an understatement. Not only would it abolish the Internal Revenue…

Brazil's newly sworn-in President Luiz Inacio Lula da Silva signed a decree on Sunday extending for 60 days an exemption for fuels from federal taxes, a measure passed by his predecessor aimed at lowering their cost.

Gov. J.B. Pritzker’s campaign released partial 2021 state and federal tax returns, which also show the Pritzkers paid $4,733,028 in federal taxes and $883,780 in state taxes.

On Thursday, officials with the Texas Military Department acknowledged that the payroll system they used for the mission has withheld too little in federal taxes from service members’ paychecks.

Brazil's former President Luiz Inacio Lula da Silva, if elected in October, will back a tax reform bill currently in the Senate that would unify federal taxes on consumption into one valued-added tax, a close aide told Reuters on Thursday.

Corporations will pay nearly $296 billion more in U.S. federal taxes over the next decade, and middle-income households will see some tax cuts, under the tax-and-climate bill that is likely to become law in the coming days.