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The Latest Breaking News from IRS

IRS announces pension and retirement plan contribution adjustments for 2025

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

The Independent UK

Six Ways High-Income Earners Can Optimize Their Tax Strategy

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

Kiplinger

Why the ultra wealthy are renouncing their U.S. citizenship

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

Fortune

From analysis to the latest developments in health,
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Three Advantages of These Underrated Accounts for Retirees

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

Kiplinger

Are Credit Card Rewards Taxable?

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…

inkl

IRS Expands Tax Breaks for Breast Cancer Screenings, Contraceptives

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

Kiplinger

Biden Thanks Nigerian President For Binance Exec's Release – What Role Did White House Play?

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?

International Business Times

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Karen Purposefully Puts Coworker’s Health At Risk As She Doesn’t Believe They’re Sick, Gets Fired

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.

Bored Panda

Au pair charged in double homicide pleads guilty to manslaughter

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

The Independent UK

Harris Supporters in Texas Receive Threatening Flyers Signed By 'Grand Dragon of Trump Klan': You Are In 'Our National Database'

Police are investigating flyers left for Kamala Harris supporters, claiming they are in a "national database" and will be audited by the IRS when "Donald Trump assumes the Presidency again."

International Business Times

2025 Tax Deduction Changes for Those Over Age 65

Adjustments to the extra standard deduction can impact the tax bills of millions of older adults.

Kiplinger

Adoption Tax Credit: What You Need to Know for 2026

Due to a new tax law and annual IRS inflation adjustments, adoption tax credit amounts are higher.

Kiplinger

Kamala Supporters in Texas Receive Threatening Flyers Signed By 'Grand Dragon of Trump Klan': You Are In 'Our National Database'

Police are investigating flyers left for Kamala Harris supporters, claiming they are in a "national database" and will be audited by the IRS when "Donald Trump assumes the Presidency again."

Latin Times

The 2025 Estate Tax Exemption

The IRS increased the exemption before the GOP tax bill dropped. Find out how the plan could permanently change the threshold for estate taxes.

Kiplinger

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Latin Times

IRS Unveils Higher Standard Deductions And New Tax Brackets For 2025

In addition to higher standard deductions, the IRS has proposed several other significant changes for 2025. Notable adjustments include updates to long-term capital gains brackets, estate and gift tax exemption limits, and eligibility criteria for the child tax credit.

International Business Times

IRS Announces Notable Changes Coming For Filing Taxes

Notable adjustments include updates to long-term capital gains brackets, estate and gift tax exemption limits and eligibility criteria for the child tax credit.

Kiplinger

Limited Liability Companies (LLCs): How Assets Are Protected

An LLC can prevent problems with assets within the LLC from affecting assets outside the LLC, but there are limits to asset protection.

The Independent UK

IRS ups typical tax deductions for 2025 - here is what it means for your bill from Uncle Sam

U.S. taxpayers will again see higher standard deductions for 2025, allowing them to shield more of their money from taxation on future returns

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Kiplinger

2025 Family Tax Credits: Four IRS Changes That Can Save You Money

Explore the new IRS-adjusted amounts for popular family tax credits.

Kiplinger

2025 Standard Deduction Changes Under New Trump Tax Bill

What is the standard deduction for your filing status in 2025?

Kiplinger

New 2025 Income Tax Brackets Are Set

The IRS has adjusted federal income tax bracket ranges for the 2025 tax year to account for inflation. Here's what you need to know now.

Reason

The Religious Vote Is Waning—And That Could Spell Trouble for Trump

As millions of Christians plan to sit out the election, church leaders face tough choices about how to inspire their congregations without violating the law.

Texas Observer

Border 911: The Misinformation Network Profiting Off the ‘Invasion’ Narrative

Dark money and charity organizations led by former intelligence officers and ex-feds have been spreading propaganda and laying the groundwork for presidential election challenges.

Kiplinger

Want to Give Money to Your Adult Children? 10 Things You Should Know

It’s less taxing to give money to your adult children than you might think. A good plan can help you avoid certain pitfalls — and drama.

Kiplinger

Potential Ripple Effects of Taxing Unrealized Capital Gains

The proposed tax on unrealized gains would be limited to those with a net worth above $100 million, but some see a broad impact on markets and businesses.

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