Tax Credits, Deductions and Exemptions – Page 8

U.S. National Debt Tops $33 Trillion for First Time

The fiscal milestone comes as Congress is facing a new spending fight with a government shutdown looming.

The tax agency is ramping up audits and criminal investigations into unscrupulous promoters of the Employee Retention Credit.

Lucrative tax incentives have fueled a surge in solar panels but failed to boost wind power, data from a new project show.

The increase in poverty reversed two years of large declines. Median income, adjusted for inflation, fell 2.3 percent to $74,580.

Large companies are bracing for the impact of a 15 percent tax that went into effect this year.