tax law

The "carried interest loophole" allows hedge fund managers to tax their income at a lower rate than an ordinary salary. The provision is unpopular — yet it has survived many attempts to eliminate it.

President Trump may be forced to release some of his tax records to prosecutors in New York.

The U.S. Supreme Court has agreed to review a North Carolina case revolving around a state tax on out-of-state trust funds.

Business and consumer groups say Congress needs to reform taxes, but few expect change soon. In fact, Treasury's tweaks to tax law may diminish the political will to address broader tax reform.