Plus: Relief for taxpayers impacted by wildfires, itemizing deductions, civil forfeiture programs, Direct File, Tax Cuts and Jobs Acts, tax filing deadlines, and more

Senate Democrats are gearing up for a fight against Scott Bessent, President-elect Donald Trump’s pick for Treasury secretary.

Bessent told lawmakers that President-elect Donald Trump has an opportunity to unleash 'a new economic golden age'

Lawmakers on Capitol Hill are set to question Scott Bessent’s stance on taxes, tariffs, trade and other issues during his confirmation hearing before the Senate Finance Committee.

Taxes and tariffs took center stage Thursday at a hearing for President-elect Donald Trump’s intended Treasury secretary nominee.

WASHINGTON (AP) — U.S. Treasury nominee Scott Bessent plans to say Thursday ... including the Internal Revenue Service. The IRS received a massive boost in funding from Democrats’ Inflation ...

Scott Bessent, tapped by Donald Trump to be treasury secretary, faced sharp questions from Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the IRS.

President-elect Donald Trump said he would establish an External Revenue Service to collect tariffs, duties and all revenue from foreign sources.

Asked whether Congress should abandon the federal debt ceiling, Bessent said that if Trump requested that, he would work with Congress to make it happen

President Donald Trump announced plans to impose 25 percent tariffs on imports from Canada and Mexico, citing their failure to address illegal immigra

"I will immediately begin the overhaul of our trade system to protect American workers and families," he said at the US Capitol.