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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USDA Reports 18 Million Households Face Hunger and Food Insecurity
Secretary Vilsack responds to highest numbers in a decade. The U.S. Department of Agriculture (USDA) recently released its annual food security report, which showed that 18 million households,…
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18 House Members Advocate to Maintain Energy Tax Credits in 2025
They wrote a letter to Speaker Johnson outlining their views of the Inflation Reduction Act. Representative Andrew Garbarino of New York wrote a letter signed by 17 other…
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President Proposes Plan to Curb Corporate Landlord Pricing
He urges Congress to support legislation to cap annual rate increases at 5 percent. This week, President Joe Biden proposed a legislative plan that would have to be…
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Administration Releases New Rules for Voluntary Carbon Credits
Improvements were made to carbon offset policies to ensure delivery of claims. President Biden’s administration announced updates to managing voluntary carbon credits this week, strengthening guidelines for the…
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IRS Improves Phone Service Levels in Current Tax Season
The agency seeks to show the efficacy of additional funding. The Internal Revenue Service (IRS) has shown improved phone response metrics as the tax season kicks off, reportedly…
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IRS to Begin Audits of CEO Company Jet Use
The agency will review business expense claims for private travel. The Internal Revenue Service (IRS) announced that they are proceeding with tax audits to review the accuracy of…
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IRS Releases Tax Guidance for EV Charging Station Installations
Businesses and homes may file for tax credits for installing stations. The Internal Revenue Service (IRS) released additional guidelines for tax credits granted to recent installations of electric…
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Legislators Work Deal to Expand Child Tax Credit
A “bipartisan, bicameral” framework also contains other provisions. Senator Ron Wyden of Oregon, chairman of the Senate Finance Committee, and Representative Jason Smith of Missouri, who chairs the…
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IRS Releases Clean Energy Investment Tax Credit
The agency publishes guidance documenting details for investors. The Internal Revenue Service (IRS) has released guidance that outlines the requirements for receipt of the clean energy tax credit.…
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