News

The IRS and Treasury finalized a Secure 2.0 rule for catch-up contributions for 401(k) and other plans. Here are the key ...
These schemes often involve the misuse of tax credits that are only available in specific situations, such as the Fuel Tax ...
The IRS has clarified some questions surrounding new catch-up contribution rules for retirement savings plans.
The U.S. Treasury Department and the Internal Revenue Service (IRS) have issued the final regulations for retirement ...
The SECURE 2.0 Act is built on original 2019 legislation and includes more than 90 provisions designed to expand retirement ...
The IRS adjusts its tax provisions for inflation every year, which can help taxpayers avoid so-called "bracket creep." ...
The IRS on Friday released a draft of Schedule 1-A (Form 1040), a single form that consolidates the calculations of the four ...
The IRS has issued final regulations on SECURE 2.0 Act catch-up contribution provisions. Depending on your income, those may ...
The Internal Revenue Service has posted a draft version of Schedule 1-A that will be used next tax season when claiming new ...
The consequences of following so-called “tax experts” online has cost taxpayers millions in fines — with the IRS reporting it has imposed more than 32,000 penalties costing more than $162 million.
The tax agency slimmed down its strategic IT initiatives from 23 to nine and has promised to release “new strategic plans” ...
Fraudulent schemes exploiting the IRS Fresh Start Program are on the rise, putting vulnerable taxpayers at risk of financial ...