The Wall Street Journal IRS Plan to Spend $80 Billion Includes Real-Time Tax Alerts, Audits of Wealthy People By: Richard Rubin The tax agency promises digital improvements but no audit-rate increase for most households.
The Wall Street Journal Green Tax Credits Are Likely to Be More Popular—and Expensive—Than Expected By: Richard Rubin The trend could undermine a claim by the Biden administration that the climate law reduces deficits.
The Wall Street Journal Republicans Effectively Voted to Raise Taxes. They’re Fine With That. By: Richard Rubin House Republicans advanced a repeal of clean-energy tax credits without offsetting tax cuts—even though most have signed a no-tax-hike pledge.
The Wall Street Journal U.S. Risks Breaching Debt Ceiling in First Two Weeks of June, CBO Says By: Richard Rubin The government faces a significant risk that it will be unable to pay all of its bills in the first two weeks of June unless the debt ceiling is increased, the Congressional Budget Office said.
The Wall Street Journal Plunging Tax Revenue Accelerates Debt-Ceiling Deadline By: Richard Rubin The pandemic led first to a boom, and now a bust, in tax collections.
The Wall Street Journal IRS Weighs Creating a Government-Run Tax-Prep Option By: Richard Rubin Companies such as TurboTax are leaning on lawmakers to fight a change.
The Wall Street Journal IRS Will Offer Free Online Tax Prep for Some Taxpayers in 2024 By: Richard Rubin The agency will conduct a limited test before deciding whether to build a competitor to companies such as TurboTax.
The Wall Street Journal The Pandemic-Era Tax Break Keeping the IRS Up at Night By: Richard Rubin, Ruth Simon Employers have received more than $150 billion and the IRS is struggling to process another 800,000 claims for the employee-retention tax credit.
The Wall Street Journal Debt-Ceiling Deal Will Cost the IRS Up to $21.4 Billion By: Richard Rubin The Internal Revenue Service will lose up to $21.4 billion from its $80 billion expansion fund as part of the bipartisan debt-limit deal.
The Wall Street Journal With Debt-Ceiling Deal Done, House GOP Looks to Cut Taxes By: Richard Rubin Republicans hope to revive expired business tax breaks in a bill they could introduce this month.