IRS announces 2024 retirement account contribution limits: $23,000 for 401(k) plans, $7,000 for IRAs
The IRS has increased the 401(k) plan contribution limits for 2024, allowing employees to defer up to $23,000 into workplace
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Internal Revenue Service
IRS says Microsoft owes an additional $29 billion in back taxes
Microsoft said the IRS notified the company it owes an additional $28.9 billion in back taxes. Source link
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House lawmakers scrutinize pandemic-era small business tax break expert calls ‘fraught with fraud’
Scrutiny of a pandemic-era tax credit intensified this week for the employee retention tax credit. Here's what it means for
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IRS halts most unannounced visits to taxpayers, citing safety concerns
The IRS has ended most unannounced visits to homes or businesses for unpaid taxes. Here's what taxpayers need to know.
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Here’s how much you can make and still pay 0% capital gains taxes for 2023
Inflation boosted the capital gains tax brackets for 2023. Here's how much you can make to pay 0% capital gains
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The free online tax-filing system IRS is testing doesn’t include automated returns — but pre-populated ones may be possible, research shows
The IRS is testing free direct filing for some taxpayers in 2024. Research shows that pre-populated tax returns may be
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There’s another April 18 tax deadline that many forget about, pro says. Here’s how to avoid a penalty
The deadline for first-quarter estimated tax payments for 2023 is April 18. Here's how to avoid a late payment penalty,
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The IRS may tax certain NFTs at a higher rate in the future — here’s what to know
The IRS is considering whether or not to tax NFTs the same way it taxes other tangible collectibles such as
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The IRS released its $80 billion funding plan. Here’s what it means for taxpayers
The IRS on Thursday released a plan for the nearly $80 billion in agency funding enacted in August. Here's what
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