The Latest Breaking News from IRS

IRS raises retirement account contribution limits and standard deductions for 2025, Social Security benefits also increase.

IRS inflation adjustments typically mean higher contribution limits for the new year.

The IRS has announced an increase to the amount individuals can contribute to their 401(k) plans in 2025, to $23,500, up from $23,000 in 2024

Reduce your tax liabilities by following these expert-recommended tips.

The ultrawealthy are joining “accidental Americans” in renouncing their passports.

Using taxable accounts for some retirement savings in the 10 years before and after retirement can give you greater flexibility and benefit your heirs.

Are credit card rewards taxable? It’s a question that might cross your mind as you're racking up points, miles, or cash back. After all, who doesn’t love a little extra something for their everyday spending? But when tax season rolls around, it's natural to wonder if those perks come with…

Now you can get a tax deduction or reimbursement for certain medical expenses, like over-the-counter birth control and condoms.

U.S. President Joe Biden thanked his Nigerian counterpart after Binance compliance chief Tigran Gambaryan was freed from Nigerian custody last week, but the question is, did the White House play a key role in the former IRS agent's laborious journey to freedom?

Some entitled coworkers take their arrogant behavior too far. And as this story shows, they deserve the harshest of consequences. The post Karen Purposefully Puts Coworker’s Health At Risk As She Doesn’t Believe They’re Sick, Gets Fired first appeared on Bored Panda.

A judge in Virginia has accepted a guilty plea in what prosecutors say was an elaborate double-murder scheme involving a Brazilian au pair, an IRS agent, a pediatric nurse and a man who had been lured into their home with promises of rough sex