The agency's agreement in a court filing formally reverses a decades-old provision of the tax code, but the motion would need to be approved by a judge.

The IRS said in a court filing that churches whose pastors endorse political candidates from the pulpit shouldn't lose their tax-exempt status.

The IRS says pastors who endorse political candidates from the pulpit should not have to risk losing their tax-exempt status. The move effectively calls for a carve out for religious organizations from the rarely used IRS rule called the Johnson Amendment,

Take our quiz to test your knowledge of what’s in the law: Write to Ashlea Ebeling at [email protected] The new tax-and-spending law runs 887 pages, changing how everything from estates to car loan interest is taxed.

The new law extends tax breaks for the wealthy, slashes Medicaid and food aid and expands immigration enforcement — threatening health care, nutrition and safety nets for millions.

Wondering how the new tax law will impact your own finances? Here are some of the major provisions that could touch everyday Americans.