Internal Revenue Service (IRS)

For many taxpayers, the highlight of tax season is receiving a refund. While much of the focus initially goes to calculating what’s owed or refunded, once taxes are filed, the next big question is: When will I get…

President-elect Donald Trump has selected former Missouri Congressman Billy Long to lead the Internal Revenue Service (IRS), signaling a significant shift for the agency. Long’s appointment will replace current…

The Internal Revenue Service (IRS) is facing significant challenges as tens of thousands of high-income Americans evade filing their tax returns. Loopholes in Tax Law Encourage Non-Compliance Shared data reveals that many…

As the cold season looms, the IRS has introduced a one-time $1,600 winter stimulus payment to assist low- and middle-income households with rising utility and heating costs. Eligibility for the payment is based on…

Saving for retirement has become increasingly difficult for many Americans, with a significant number entering retirement reliant solely on Social Security benefits. Tackling America’s Retirement Savings Gap…

The IRS has announced new contribution limits for Flexible Spending Arrangements (FSAs) and Health Savings Accounts (HSAs), offering workers greater opportunities to save for medical expenses. Increased…

The IRS has announced an exciting update for those aged 60 to 63: a significant increase in catch-up contributions for employer-sponsored retirement plans like 401(k)s. Starting in 2025, individuals in this age range will be allowed…

As winter progresses and natural disasters loom in various parts of the country, the Internal Revenue Service (IRS) reminds taxpayers to protect critical documents and prepare for potential disruptions to their tax filings. While…

As the new year approaches, the IRS has unveiled significant updates to pension and retirement account contribution limits and tax deductions. These changes aim to help Americans save more for retirement and adjust for the rising…

As 2025 approaches, taxpayers and financial planners should familiarize themselves with the updated tax brackets and deductions recently announced by the Internal Revenue Service (IRS) through Revenue Procedure 2024-40. These adjustments,…