The Internal Revenue Service (IRS) in the US has undergone a change in leadership, with Michael Faulkender stepping in as the ...

The agency’s leadership turmoil would likely harm taxpayer service first, while its impact on revenue collection would be ...

Treasury Secretary Scott Bessent wrote on X that Deputy Treasury Secretary Michael Faulkender would take over Gary Shapley’s ...

You need to itemize to take a tax deduction for your charitable donations, but fewer people itemize now that the standard deduction has doubled. Even if you don’t itemize, there are other ways ...