Fatima Hussein

Stay informed with Fatima Hussein’s coverage and analysis for Fortune.

Page 8 of 15

  • FILE – A box filled with dollar bills is shown in New York, April 3, 2019. The IRS is warning taxpayers that they may be leaving more than $1 billion on the table. The federal tax collector said Monday, March 25, 2024, that roughly 940,000 people in the U.S. have until May 17 to submit tax returns for unclaimed refunds for tax year 2020. (AP Photo/Mark Lennihan, File)Personal Finance

    IRS says it has 940,000 unclaimed tax refunds from 2020 that are about to expire. Here’s how to find if one is yours

    By Fatima Hussein and The Associated Press
  • Danny WerfelFinance

    IRS boss says efforts to crack down on high-wealth tax cheats are starting to bite, even as Republicans try to gut service’s budget

    By Fatima Hussein and The Associated Press
  • FILE – An Internal Revenue Service 2023 1040 tax form and instructions are shown on Jan. 26, 2024 in New York. It’s tax season in the U.S., and for many people, filing tax returns can be a daunting task that’s often left until the last minute. (AP Photo/Peter Morgan, File)Personal Finance

    IRS Direct File, a program that offers free online tax filing, has been launched in 12 states

    By Adriana Morga, Fatima Hussein, and others
  • President Joe Biden delivers remarks on lowering prices for American families during an event at the YMCA Allard Center, Monday, March 11, 2024, in Goffstown, N.H. (AP Photo/Josh Reynolds)Politics

    Biden’s 2025 budget proposal offers tax breaks for families, health care cost cuts and higher taxes on the wealthy and corporations

    By Josh Boak, Fatima Hussein, and others
  • Treasury DepartmentFinance

    Landmark law designed to force shell companies disclose their owners ruled unconstitutional by Alabama judge

    By Fatima Hussein and The Associated Press
  • Internal Revenue Service Commissioner Danny Werfel, testifies during a House Ways and Means Committee hearing on Capitol Hill, Thursday, Feb. 15, 2024, in Washington. (AP Photo/Mariam Zuhaib)Personal Finance

    IRS is going after 125,000 Americans who earn more than $400,000 but don’t file tax returns: ‘This isn’t a small group of people we’re talking about’

    By Fatima Hussein and The Associated Press
  • Janet YellenPolitics

    Yellen wants to seize Russia’s frozen $300 billion and spend it on Ukraine as soon as possible

    By Fatima Hussein and The Associated Press
  • FILE – Private jets sit parked at Scottsdale Airport Jan. 27, 2015, in Scottsdale, Ariz. IRS leadership said Wednesday, Feb. 21, 2024, that the agency will start up dozens of audits on businesses’ private jets and how they are used personally by executives and written off as a tax deduction — as part of the agency’s ongoing mission of going after high-wealth tax cheats who game the tax system at the expense of American taxpayers. (AP Photo/Ross D. Franklin, File)Finance

    IRS plans to target executives who use their businesses’ private jets for personal trips and then write them off as tax deductions

    By Fatima Hussein and The Associated Press
  • Jerome PowellFinance

    After Jerome Powell warns of ‘unsustainable’ $34 trillion national debt ‘growing faster than the economy,’ CBO projects record 116% of GDP by 2034

    By Fatima Hussein, Josh Boak, and others
  • WASHINGTON, DC – FEBRUARY 06: U.S. Treasury Secretary Janet Yellen testifies before the House Financial Services Committee on the subject of “The Annual Report of the Financial Stability Oversight Council.” on Capitol Hill February 6, 2024 in Washington, DC. Yellen was expected to testify on the state of the U.S. economy and labor markets. (Photo by Win McNamee/Getty Images)Politics

    The wealthy are dodging $600 billion in taxes every year. Joe Biden and Janet Yellen are fighting with the GOP to collect just a fraction of that

    By Fatima Hussein and The Associated Press
  • NEW YORK CITY – JANUARY 25: People shop at a home improvement store in Brooklyn on January 25, 2024 in New York City. Economic data from the Commerce Department released today showed that U.S. economy expanded 3.1 percent in 2023, shaking off inflation fears and making the U.S. the fastest growing advanced economy in the world in 2023. (Photo by Spencer Platt/Getty Images)Personal Finance

    Falling inflation and a growing economy aren’t convincing worried voters: ‘I feel like there’s a recession and I’m living it’

    By Fatima Hussein, Josh Boak, and others
  • Danny Werfel, commissioner of the Internal Revenue Service (IRS), speaks during a Senate Finance Committee hearing in Washington, DC, US, on Wednesday, April 19, 2023. Werfel is appearing one day after the federal tax filing deadline, and as Republicans scrutinize the agency’s plan to spend an $80 billion infusion it plans to harness for scrutinizing wealthy taxpayers. Photographer: Al Drago/Bloomberg via Getty ImagesFinance

    IRS says it will collect $560 billion more from rich tax cheats thanks to Inflation Reduction Act

    By Fatima Hussein and The Associated Press
  • FILE – The exterior of the Internal Revenue Service (IRS) building is seen in Washington, on March 22, 2013. Congress is racing to wind down a tax break meant to encourage businesses to keep workers on the payroll during the COVID-19 pandemic. What was expected to cost the government $55 billion has instead cost it nearly five times that amount as of July. Meanwhile, new claims pour into the IRS each week. (AP Photo/Susan Walsh, File)Politics

    Lawmakers race to wind down COVID-era employee retention tax credit, seeing ‘almost universal fraud in the program’

    By Kevin Freking, Fatima Hussein, and others
  • Joe Biden, Shawn FainPolitics

    UAW’s Shawn Fain says Trump ‘doesn’t care about the American worker’ as union backs Biden for re-election

    By Tom Krisher, Fatima Hussein, and others
  • Joe BidenPolitics

    Biden expected to get UAW endorsement, source says

    By Fatima Hussein, Zeke Miller, and others