The Latest Breaking News from IRS

While the tax rates themselves remain unchanged, ranging from 10% to 37%, the income thresholds have been increased by approximately 2.7% across the board.

“You can’t get a hold of a human being on the phone,” one Democrat says. “You’re just getting answering machines saying that we’re in a shutdown.”

Most people think of their 401k as locked away until retirement. But life doesn’t always wait until you’re 59 and a half. Emergencies, job losses, or opportunities can make you wonder: Is there any way to get your 401k before the age of 59? The rules seem strict, and penalties…

That strange text from an unknown number feels off. An email promises a prize that seems too good to be true. We are constantly bombarded with attempts to trick us. Scammers are experts at psychological manipulation. They prey on our trust, fear, and even our kindness. Understanding their tactics is…

Every year, the IRS releases a “Dirty Dozen” list—a public warning to taxpayers about the latest and most dangerous tax scams circulating across the country. These scams target both individuals and tax professionals, aiming to steal personal information, refunds, or even entire identities. From fake charities to shady “tax experts,”…

Every taxpayer worries about making a mistake that could attract unwanted attention from the IRS. While most tax returns are processed without issue, certain patterns, numbers, and claims raise what the IRS calls “compliance indicators”—more commonly known as IRS red flags. These warning signs can trigger closer scrutiny or even…

In this week's Ask the Editor Q&A, Joy Taylor answers more questions about the use of qualified charitable distributions (QCDs) in end-of-year tax planning.

The lawyer's claims that plaintiffs had violated federal law were opinions based on disclosed facts, the court concludes.

Federal immigration officers in the Chicago area will be required to wear body cameras, U.S. District Judge Sara Ellis said Thursday after seeing tear gas and other aggressive steps used against protesters

The IRS just increased the exemption as we enter into a promising tax year for estates and inheritances.

If you’re self-employed or run a small business with no full-time employees, a solo 401(k) can be a powerful tool for retirement savings. The ability to contribute both as an employee and employer opens the door to much higher annual limits. But just hitting the basics might mean you’re leaving…