fox-business/politics/irs
IRS releases new guidance for ‘no tax on tips’ and overtime deductions
Former Reagan economist Art Laffer and former World Bank President David Malpass assess the economy under the Trump administration on ‘Kudlow.’ The IRS has released its guidance for the “no tax on tips” and “no tax on overtime” provisions of the One Big Beautiful Bill Act (OBBBA), for workers who can claim the deductions for the […]
IRS deploying Salesforce AI agents after staffing cuts
Check out what’s clicking on FoxBusiness.com. The Internal Revenue Service (IRS) is implementing a Salesforce artificial intelligence (AI) agent program across multiple divisions in the wake of a mass workforce reduction earlier this year, according to a report. The tax-collecting agency will deploy Agentforce in the Office of Chief Counsel, Taxpayer Advocate Services and the […]
Trump administration plans IRS changes for criminal investigations
‘My View with Lara Trump’ host Lara Trump discusses President Donald Trump’s administration crackdown on left-wing extremism, rising attacks on ICE agents and why she believes President Donald Trump deserves the Nobel Peace Prize. The Trump administration is preparing to make changes to the IRS that would allow the agency to launch criminal investigations of left-leaning […]
Government shutdown won’t change October 15 tax extension deadline
Rep. Scott Fitzgerald, R-Wis., joins ‘Mornings with Maria’ to discuss the deepening government shutdown, growing Democratic divisions and President Donald Trump’s historic peace push in Israel. Despite the continuing government shutdown, taxpayers who requested an extension earlier this year from the IRS to file their return still have to meet the cutoff date. Taxpayers who needed […]
IRS announces 2026 tax changes with higher standard deductions and brackets
FOX Business’ Gerri Willis has the details on the investment strategy on ‘Varney & Co.’ The Internal Revenue Service (IRS) on Thursday announced annual inflation adjustments for dozens of tax provisions, along with changes made under the One Big Beautiful Bill Act (OBBBA). The IRS’ announced changes primarily apply to tax year 2026. The standard deduction, claimed […]