Do you use PayPal or Venmo? The IRS is giving you a break.
Tax agency also said it will boost the reporting threshold to $5,000, from $600, in 2024 as it phases in the new regulation.
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Tax agency also said it will boost the reporting threshold to $5,000, from $600, in 2024 as it phases in the new regulation.
FedEx said that it will be giving wage increases and bonuses, and make a voluntary $1.5 billion contribution to the company's pension plan, citing recent tax reform legislation.
The company says it plans to invest an additional $1 billion in the United States in 2018 and pay a special $1,000 bonus to more than 200,000 AT&T U.S. employees.
Republicans say tax cuts will help families and businesses. They passed tax reform without any Democrats, who call it a tax scam.
Economists expect tax overhaul to provide a modest boost to the U.S. economy, but are increasingly worried that a rewrite of NAFTA will take a toll on growth.
While campaigning at Texas Motor Speedway last Sunday, Senator Ted Cruz said he's looking to rev up support from his conservative base. "I'm going to do everything I can to encourage them."
Millions of Americans would lose the ability to deduct up to $2,500 in student loan interest under the Republican tax bill.
House Republicans are set to unveil their far-reaching tax overhaul Thursday. They are making major changes while looking to preserve current tax rules for retirement accounts popular with middle-class Americans and retain a top income-tax rate for million-dollar earners.
House Republicans are struggling to complete work on a sweeping tax proposal, delaying its public release by a day.
President Donald Trump will pitch his tax plan as a boon for truckers in Harrisburg, Pennsylvania Wednesday — the latest stop on a cross-country tour aimed at selling his tax reform proposal.
President Donald Trump delivered his weekly address on hurricane relief efforts in Puerto Rico and the Virgin Islands and tax reform for Americans.
"If Mr. Trump gets what he wants done, it will be quite dramatic," said Dallas tax lawyer Garrett Gregory speaking about the tax changes Trump touted during his campaign.
