The U.S. Department of the Treasury and the IRS released new guidance on the Alternative Fuel Refueling Property Credit, which has been expanded under the Biden-Harris Administration’s Inflation Reduction Act. This credit is designed to lower transportation costs, increase energy security, and make clean vehicles more affordable for American families and businesses. https://lnkd.in/eBNP26wq
U.S. Department of the Treasury
Government Administration
Washington, DC 138,112 followers
This is the official account of the U.S. Department of the Treasury.
About us
The Treasury Department is the executive agency responsible for promoting economic prosperity and ensuring the financial security of the United States. The Department is responsible for a wide range of activities such as advising the President on economic and financial issues, encouraging sustainable economic growth, and fostering improved governance in financial institutions. The Department of the Treasury operates and maintains systems that are critical to the nation's financial infrastructure, such as the production of coin and currency, the disbursement of payments to the American public, revenue collection, and the borrowing of funds necessary to run the federal government. The Department works with other federal agencies, foreign governments, and international financial institutions to encourage global economic growth, raise standards of living, and to the extent possible, predict and prevent economic and financial crises. The Treasury Department also performs a critical and far-reaching role in enhancing national security by implementing economic sanctions against foreign threats to the U.S., identifying and targeting the financial support networks of national security threats, and improving the safeguards of our financial systems.
- Website
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https://home.treasury.gov/
External link for U.S. Department of the Treasury
- Industry
- Government Administration
- Company size
- 10,001+ employees
- Headquarters
- Washington, DC
- Type
- Government Agency
- Founded
- 1789
Locations
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Primary
1500 Pennsylvania Ave NW
Washington, DC 20005, US
Employees at U.S. Department of the Treasury
Updates
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Under Secretary Nellie Liang delivered remarks at Georgetown University’s Financial Markets Quality Conference. Liang highlighted steps the U.S. Department of the Treasury is taking to make the Treasury market more transparent and more resilient.
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The Biden-Harris Administration has provided historic support to Tribal Nations and today’s announcement will provide clarity and certainty that is critical to creating new economic opportunity for Tribes. More in Deputy Secretary Wally Adeyemo’s new op-ed: https://lnkd.in/ec9TWDQg
Treasury is putting tribes front and center in tax policy
ictnews.org
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Today, Secretary Yellen spoke with Bloomberg News’ David Gura at the Texas Tribune Festival. They discussed U.S. economic growth, the positive impacts of President Biden’s Inflation Reduction Act, and the U.S. Department of the Treasury’s plans to continue to build an inclusive economy that works for all American families.
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U.S. Department of the Treasury Secretary Janet Yellen visited the Internal Revenue Service in Austin where she met with staff and highlighted how President Biden and Vice President Harris’s Inflation Reduction Act is improving service and ensuring high earners pay taxes owed. The IRS has now collected $1.3 billion in unpaid taxes from the wealthiest Americans.
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Across the country, the Biden-Harris Administration’s Inflation Reduction Act is working – strengthening our economy and moving us toward our clean energy future. Here is a recap of Secretary Yellen’s visit to Raleigh, North Carolina to see firsthand how the IRA is positively impacting that community.
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Today, Secretary Yellen spoke with local businesses leaders with the Greater Raleigh Chamber to discuss housing supply, economic growth strategies, and strengthening supply chains. The Biden-Harris Administration’s top economic priority is to lower costs for American families – from healthcare, to housing, to energy. We remain focused on re-energizing American manufacturing and making critical investments in the American workforce.
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Alongside North Carolina Governor Roy Cooper, Secretary Yellen toured Wake Tech Community College – North Carolina’s largest community college. On campus and in the Wake County community, President Biden and Vice President Harris’s Inflation Reduction Act is making an impact. Wake Tech is launching new training programs for jobs in the electric vehicle industry and using solar and thermal energy to power their campus as well as the surrounding community.
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Treasury Deputy Secretary Wally Adeyemo joined Maryland Governor Wes Moore to congratulate him as Maryland joined the growing list of states that will offer Direct File to residents. Starting in January, more than 700,000 Marylanders with simple tax returns will be able to file online for free directly with the Internal Revenue Service. Thanks to President Biden’s Inflation Reduction Act, Direct File will save Maryland residents time and money.