U.S. Mint
Why Production of the Penny Stopped After 232 Years
The United States Mint officially concluded production of the circulating one-cent coin on November 12, 2025, a major moment in American monetary history that brought to…
Department of the Treasury
The Department of the Treasury manages the federal government's money. It collects taxes, pays the government's bills, borrows to cover the national debt, makes the nation's currency, and enforces laws against financial crime. It also advises the president on the economy and on dealings with foreign governments and global markets, and it leads the government's financial relationships with other nations.
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October 3last updated
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The Webby-recognized AI behind our articles »
Latest in Department of the Treasury
Digital Rights and Privacy
How the IRS Shares Taxpayer Data with ICE Under Trump Administration Agreement
The Internal Revenue Service and U.S. Immigration and Customs Enforcement have long operated in separate spheres. The IRS collects taxes. ICE enforces immigration law. The IRS…
Internal Revenue Service
How Criminal Tax Enforcement Works
Recent debates about the Internal Revenue Service (IRS) have raised questions about whether the agency could be weaponized to target political opponents or party donors. This…
Housing and the Economy
Declaring a National Housing Emergency: What It Would Do
The United States faces a housing crisis that has priced out many American families from homeownership. With median home prices at or above $411,000 and monthly…
Topics in Department of the Treasury
Taxes
The Internal Revenue Service collects federal taxes and administers the tax code. The Alcohol and Tobacco Tax and Trade Bureau collects taxes on alcohol and tobacco and regulates those industries.
All Articles on Department of the Treasury
How Treasury, Fed, and CEA Work to Shape America’s Economy
In the complex world of economic policy, the United States has a team of powerful guardians, each with unique origins, distinct powers, and specific…
How to Contact the IRS
The IRS offers multiple ways to get help with tax questions, from 24/7 online tools to specialized phone lines and in-person appointments. The IRS…
How to Change Your Address with the IRS When Moving
Moving houses involves countless details, but one critical task often gets forgotten: updating your address with the Internal Revenue Service. Many people think filing…
Who Wins and Loses When America Raises Tariffs?
Tariffs can protect American producers while raising costs for consumers, manufacturers and exporters. The gains depend on who sells, buys and pays.
So Where Does Tariff Money Go?
When a cargo ship laden with electronics from Asia, automobiles from Europe, or fresh produce from Mexico arrives at a U.S. port, a complex…
What’s the Difference Between a Tariff and a Tax?
At first glance, the relationship between a tariff and a tax seems simple: a tariff is a type of tax. While this is technically…
Federal Reserve vs. Treasury Department: Who Controls America’s Money
Two powerful institutions shape America's financial landscape: the Federal Reserve and the U.S. Department of the Treasury. While their names appear regularly in economic…
Challenges Facing the IRS
Only recently have policymakers begun addressing these issues through funding boosts and reform initiatives.
The Role of the IRS
The Internal Revenue Service (IRS) is the federal agency responsible for administering and enforcing the nation's tax laws.
Securing Tax-Exempt Status for Nonprofits
Tax-exempt status allows qualifying organizations to avoid paying federal income taxes on most of their revenue. This status is granted by the Internal Revenue…