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

Washington — The Senate is set to vote Monday evening on the confirmation of Scott Bessent as treasury secretary, as Senate Republicans work to quickly install President Trump’s picks for top administration posts.

(TNND) — The senate plans to vote on the confirmation of Scott Bessent as treasury secretary on Monday evening.

The first openly gay person in the role has the delicate balancing act of cutting taxes and curbing deficits while putting forward a plan on tariffs that doesn’t jeopardize growth.

Hedge fund manager Scott Bessent — who has vowed to crack down on off-the-rails federal spending and help avert a “crushing $4 trillion tax hike” on Americans by year’s end — was

The Internal Revenue Service's new free online Direct File service is open for business. Last year, more than 20,000 Florida taxpayers took advantage of the pilot program that allowed taxpayers to prepare and file their taxes online directly to the government for free,

IRS Commissioner Danny Werfel will resign to preempt Donald Trump firing him. Trump had already nominated former GOP Rep. Billy Long to replace him.

The U.S. Senate confirmed billionaire investor Scott Bessent on Monday to serve as President Donald Trump's treasury secretary, giving him the delicate balancing act of cutting taxes and curbing deficits while putting forward a plan on tariffs that doesn't jeopardize growth.

Mr Bessent, a past supporter of Democrats who once worked for George Soros, has become an enthusiastic supporter of the president.

The Direct File system will be open to millions of taxpayers in 25 states, up from 12 last year. But it’s unclear what will happen to the program next year.

The U.S. Senate voted Monday to confirm hedge fund manager and South Carolina native Scott Bessent as the 79th Secretary of the Treasury.