President Joe Biden’s prospects for passing a major infrastructure bill through Congress with bipartisan support -- seen unlikely in the wake of his Democrat-only pandemic-relief package in March -- are now rising, though disagreements over funding could still scupper a deal.

Read more: House and Senate tax-writing panels are holding infrastructure hearings this week. Treasury isn’t prioritizing more carried interest guidance. Today is the tax-filing deadline for individuals.

About 39 million U.S. households will begin receiving monthly child tax-credit payments in mid-July, most of them automatically, as part of the Covid recovery bill in March, administration officials said.

President Joe Biden’s administration is shutting down attempts by developers to use new Census Bureau maps to claim generous tax breaks enacted by Donald Trump.

Monday brings a close to what tax advisers have dubbed the “never-ending tax season,” with the IRS scrambling to cope with repeated changes in law that offered just a foretaste of the challenges to come -- with President Joe Biden pressing for a raft of higher levies and stepped-up audits.

British officials aren’t convinced by President Joe Biden’s plan for a global minimum business tax rate of 21%, drawing accusations of “evasion and sophistry” from tax justice campaigners.

Cairn Energy Plc is dragging the unprofitable, state-owned carrier Air India Ltd. to a U.S. court to seek payment of an arbitration award from the South Asian nation as part of a long-running tax dispute, according to a filing.

Recent Covid-19 relief providing extra time for working capital to be spent on projects in opportunity zones isn’t automatic, an IRS official said Friday.

SBA Administrator Isabella Casillas Guzman said the agency is considering creating a direct lending channel to underserved businesses that have had trouble accessing capital at banks.

Taxpayers eligible to receive advance Child Tax Credit payments will receive notices containing important information, an agency official said.