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The government has so far sent about 127 million stimulus payments to individuals and households.

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Treasury has sent 5B in stimulus payments

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The Senate Budget Committee chairman wants to raise the corporate tax rate to 35 percent.

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Sanders proposes bigger tax hikes than White House

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U.S. taxpayers face the risk of delayed tax refunds as the agency struggles to work down a backlog of returns from last year, according to a watchdog report.

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Watchdog warns of refund delays amid IRS backlog

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The Treasury Secretary said the limitation on state and local tax write-offs causes ‘disparate treatment’ across taxpayers.

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Yellen pledges to work with Congress to ease SALT cap

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Democrats will likely prove successful in raising individual income tax rates and in strengthening audits of wealthy Americans as they work on overhauling the U.S. Tax Code in coming months.

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Biden’s likely tax wins are personal-rate hikes, audits of rich

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The Biden administration said in a response to concerns raised by Republicans that state governments accepting pandemic-relief money from Washington are allowed to cut taxes, but only if they don’t use the federal aid to offset those reductions.

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Treasury clears states to cut taxes — but not with stimulus

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The IRS will automatically process refunds for individuals who paid taxes on their unemployment benefits before Congress passed a law making those payments tax-free, Commissioner Chuck Rettig said.

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IRS to automatically process refunds on jobless-benefit payments

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Auditors were only able to recoup about 39 percent of the more than $4 billion in unpaid taxes owed by a group of rich taxpayers with an average annual income of nearly $1.6 million.

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IRS failed to collect .4B in taxes from millionaires

President Joe Biden is planning the first major federal tax hike since 1993 to help pay for the long-term economic program designed as a follow-up to his pandemic-relief bill, according to people familiar with the matter.

Biden eyes first major tax hike since 1993 in next economic plan

Just under a month into federal tax filing season, the IRS reported a 32 percent slide in the number of refunds sent out compared with last year, showcasing delays that have spurred Democrats to call for postponing the traditional April 15 deadline.

Tax refunds plunge 32% in slow-moving IRS filing season