Clarifies wage and apprenticeship standards for Regional Clean Hydrogen Hubs program participants. The Internal Revenue Service (IRS) released its final rules for its Clean Hydrogen Production Tax Credit,…
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Group of Senators Launch Inquiry into IRS Commissioner Nominee
They request information from CEOs on potential pandemic program fraud. Senator Ron Wyden of Oregon, who serves as chair of the Senate Finance Committee, and Senator Catherine Cortez…
Read MoreIRS Releases Guidances for Clean Energy Tax Credits
Expands program to include co-owned and co-invested projects. The Internal Revenue Service (IRS) recently finalized its expansion to clean energy tax credits, allowing co-owners and co-investors in clean…
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IRS Outlines Inflation-Adjusted Deductions for 2025 Tax Year
The standard deduction rises up to $15,000 for single and $30,000 for married taxpayers. The Internal Revenue Service (IRS) updated its standard deductions for U.S. taxpayers in 2025,…
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IRS Releases Final Rule for Clean Energy Manufacturing Tax Credit
The agency clarifies incentives for domestic solar and wind energy component production. The Internal Revenue Service (IRS) has released its final rules for manufacturing companies applying for tax…
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Nearly Half of States to Participate in IRS’ Direct File in 2025
The free online service will be available to more than 30 million in 2025. The Internal Revenue Service (IRS) announced that over 30 million taxpayers are eligible for…
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Treasury Proposes Minimum Tax Rate for Billion Dollar Companies
The department would implement a 15 percent standard. The Treasury Department announced that it is considering a new tax policy that would require a 15 percent minimum profit…
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IRS and Treasury Department Report on Funds Recovered from Tax Evaders
The treasury secretary announces $1.3 billion recovered from wealthy tax filers and non-filers and other audits. U.S. Treasury Secretary Janet Yellen and Internal Revenue Service (IRS) Commissioner Danny…
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IRS Watchdog Says IRS Needs to Improve Cybersecurity Strategies
The agency provided findings to the House Ways and Means Committee last year on taxpayer information leaks. This month, the Treasury Inspector General for Tax Administration (TIGTA) wrote…
Read MoreNorth Carolina Joins IRS Direct File Program
It is the 6th state to participate in the free federal tax filing tool. North Carolina joined the Internal Revenue Service (IRS) Direct File program last week, becoming…
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