Donald Trump did not pay any taxes during his final years of presidency in 2020 by showing losses in sprawling business, Reuters news agency reported citing tax figures released by a congressional panel.

The records were released by the Democratic-led House of Representatives Ways and Means Committee late on Tuesday.

The tax records show that Trump's income, and his tax liability, had dramatic changes during his four years in the White House.

The documents revealed that Trump and his wife, Melania, paid some form of tax during all four years, but were able to cut down their taxes by showing losses and deductions.

The committee has called into question some of those tax deductions claimed by the Trump's family including the one for $916 million, members said on Tuesday, adding that the tax returns were short on details.

The panel members said that they would release the redacted versions of his full returns in the coming days.

With the tax rebate revelations, the Democratic party aims to snuff out every last bit of support for Trump, who has expressed his intention to run for the office in 2024.

The development is significant as Trump had refused to make his tax returns public during his two presidential bids and his campaign for office, despite other presidential candidates having done so for decades.

Moreover, the US Internal Revenue Service hesitated to review the tax returns of Trump, until the Democrats pressed for action in 2019.

After a years-long fight, the committee made some of Trump’s tax records public on Tuesday.

Reacting to the development, a Trump spokesman termed the release of the documents “politically motivated”.

"If this injustice can happen to President Trump, it can happen to all Americans without cause," Trump Organization spokesman Steven Cheung said on Wednesday.

(With inputs from agencies)

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Donald Trump did not pay any taxes during his final years of presidency in 2020 by showing losses in sprawling business, Reuters news agency reported citing tax figures released by a congressional panel.

Donald Trump did not pay any taxes during his final years of presidency in 2020 by showing losses in sprawling business, Reuters news agency reported citing tax figures released by a congressional panel. The records were released by the Democratic-led House of Representatives Ways and Means Committee late on Tuesday. The tax records show that Trump's income, and his tax liability, had dramatic changes during his four years in the White House. The documents revealed that Trump and his wife, Melania, paid some form of tax during all four years, but were able to cut down their taxes by showing losses and deductions. The committee has called into question some of those tax deductions claimed by the Trump's family including the one for $916 million, members said on Tuesday, adding that the tax returns were short on details. The panel members said that they would release the redacted versions of his full returns in the coming days. With the tax rebate revelations, the Democratic party aims to snuff out every last bit of support for Trump, who has expressed his intention to run for the office in 2024. The development is significant as Trump had refused to make his tax returns public during his two presidential bids and his campaign for office, despite other presidential candidates having done so for decades. Moreover, the US Internal Revenue Service hesitated to review the tax returns of Trump, until the Democrats pressed for action in 2019. After a years-long fight, the committee made some of Trump’s tax records public on Tuesday. Reacting to the development, a Trump spokesman termed the release of the documents “politically motivated”. "If this injustice can happen to President Trump, it can happen to all Americans without cause," Trump Organization spokesman Steven Cheung said on Wednesday. (With inputs from agencies) WATCH WION LIVE HERE:

Donald Trump did not pay taxes in 2020, showed ‘questionable’ losses: US committee  

In a major blow to Donald Trump, the Supreme Court has cleared the way for the handover of the former president's tax returns to a congressional committee. It rejected his plea for an order to prevent the Treasury Department from giving six years of his tax returns to the Democratic-controlled House Ways and Means Committee.

Trump has been trying to block access to his tax returns and of his businesses for years now. There were no noted dissidents as his appeal was struck down, paving the way for the Committee to finally lay their hands on them.

Also Read |&nbsp;<a href="https://www.wionews.com/world/donald-trumps-presidential-run-and-the-legal-challenges-that-hound-him-534994">Explained: Donald Trump’s 2024 presidential run and the legal challenges that hound him</a>

Trump has always kept his tax returns a secret, even during the 2016 election campaign and later during his tenure as president on the premise of an ongoing audit by the IRS. After losing at the lower court level, Trump had moved the Supreme Court that comprised three of his nominees, arguing that the only reason the committee wants the tax records is so that it can make them public.&nbsp;

Chief Justice John Roberts of the lower court had put a temporary hold on the matter on November 1 to give the judges more time to understand the concerns of Trump's legal team and the counter arguments of the administration and the House of Representatives. However, it was lifted three weeks later.

While Trump was president, the Treasury Department had refused to provide the records. But the body changed stance under the Biden administration, stating that the federal law says that the committee has the right to examine any taxpayer’s return, including the president’s.&nbsp;

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House Ways and Means Committee Chairman Richard Neal, a Massachusetts Democrat, has been trying to gain the records since 2019. Neal said in a statement that his committee “will now conduct the oversight that we’ve sought for the last three and a half years.”

The timing of the order goes against Trump who has recently announced another run for the White House. The House had stood up against the order preventing the IRS from giving the tax returns, saying that since their term ends soon, the lawmakers would be left with “little or no time to complete their legislative work during this Congress".&nbsp;

If Trump had managed to get the Supreme Court to rule in his favour, he could have beaten the clock as Republicans are ready to take control of the House in January.&nbsp;

(With inputs from agencies)

&nbsp;

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In a major blow to Donald Trump, the Supreme Court has cleared the way for the handover of the former president's tax returns to a congressional committee. It rejected his plea for an order to prevent the Treasury Department from giving six years of his tax returns to the Democratic-controlled House Ways and Means Committee.

In a major blow to Donald Trump, the Supreme Court has cleared the way for the handover of the former president's tax returns to a congressional committee. It rejected his plea for an order to prevent the Treasury Department from giving six years of his tax returns to the Democratic-controlled House Ways and Means Committee. Trump has been trying to block access to his tax returns and of his businesses for years now. There were no noted dissidents as his appeal was struck down, paving the way for the Committee to finally lay their hands on them. Also Read | Explained: Donald Trump’s 2024 presidential run and the legal challenges that hound him Trump has always kept his tax returns a secret, even during the 2016 election campaign and later during his tenure as president on the premise of an ongoing audit by the IRS. After losing at the lower court level, Trump had moved the Supreme Court that comprised three of his nominees, arguing that the only reason the committee wants the tax records is so that it can make them public. Chief Justice John Roberts of the lower court had put a temporary hold on the matter on November 1 to give the judges more time to understand the concerns of Trump's legal team and the counter arguments of the administration and the House of Representatives. However, it was lifted three weeks later. While Trump was president, the Treasury Department had refused to provide the records. But the body changed stance under the Biden administration, stating that the federal law says that the committee has the right to examine any taxpayer’s return, including the president’s. × House Ways and Means Committee Chairman Richard Neal, a Massachusetts Democrat, has been trying to gain the records since 2019. Neal said in a statement that his committee “will now conduct the oversight that we’ve sought for the last three and a half years.” The timing of the order goes against Trump who has recently announced another run for the White House. The House had stood up against the order preventing the IRS from giving the tax returns, saying that since their term ends soon, the lawmakers would be left with “little or no time to complete their legislative work during this Congress". If Trump had managed to get the Supreme Court to rule in his favour, he could have beaten the clock as Republicans are ready to take control of the House in January. (With inputs from agencies)

Supreme Court clears way for handover of Trump's tax returns to Congress

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Donald Trump did not pay taxes in 2020, showed ‘questionable’ losses: US committee

Supreme Court clears way for handover of Trump's tax returns to Congress