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The Latest Breaking News from IRS

IRS says it collected $360 million more from rich tax cheats as its funding is threatened yet again

The IRS says it has collected an additional $360 million in overdue taxes from delinquent millionaires

The Independent UK · Jan 12, 2024

Controversy swirls as Hunter Biden defies subpoena, Republicans express outrage

Hunter Biden's court appearance, defiance of subpoena, and Republican frustrations are discussed. Democrats propose open testimony, while GOP advocates clo...

Trump defends making millions from foreign governments while president

Trump claims George Washington set precedent duing his tenure as first president of US

The Independent UK · Jan 11, 2024

From analysis to the latest developments in health,
read the most diverse news in one place.

457 Contribution Limits for 2024

State and local government workers can contribute more to their 457 plans in 2024 than in 2023.

Kiplinger · Jan 11, 2024

For IRS, backlogs and identity theft are still problems despite funding boost, watchdog says

The IRS is still too slow to process amended tax returns, answer taxpayer phone calls and resolve identity theft cases, according to an independent watchdog within the agency

The Independent UK · Jan 10, 2024

Federal and Illinois 2024 tax season starts Jan. 29

The IRS announced the official start of the 2024 tax season and that includes Illinois taxpayers, who can start filing individual income tax returns.

Chicago Sun-Times · Jan 9, 2024

The 2023 tax season will kick off on Jan. 29

IRS is about to kick off the latest tax season.

Fortune · Jan 9, 2024

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IRS announces January 29 as start of 2024 tax season

The IRS has announced January 29 as the official start date of the 2024 tax season, and expects more than 128.7 million tax returns to be filed by the April 15 tax deadline

The Independent UK · Jan 8, 2024

This Is What People Who Attended The 2024 Golden Globes Received In Their $500K Gift Bags

What do you give to someone who already has it all? A gift bag worth $500,000, of course. The post This Is What People Who Attended The 2024 Golden Globes Received In Their $500K Gift Bags first appeared on Bored Panda.

Bored Panda · Jan 8, 2024

Non-Refundable vs Refundable Tax Credits: What’s the Difference?

Refundable tax credits and non-refundable tax credits can be confusing. Here’s how they work and how each can help you when you file your tax return.

Kiplinger · Jan 8, 2024

HyperVerse crypto promoter ‘Bitcoin Rodney’ arrested and charged in US

Exclusive: Internal Revenue Service alleges Rodney Burton was part of a network that made ‘fraudulent’ presentations claiming high returns for investors based on crypto-mining operations that did not exist

The Guardian - AU · Jan 8, 2024

Congressional leaders announce an agreement on spending levels, a key step to averting shutdown

Money is set to lapse Jan. 19 for some agencies and Feb. 2 for others. The agreement is separate from the negotiations to secure additional funding for Israel and Ukraine.

Chicago Sun-Times · Jan 8, 2024

Nonprofit NIL Organizations Thrive in College Football Championship Support

Discover how nonprofit Name, Image, Likeness organizations like Hail! Impact and Montlake Futures are making an impact in college sports and philanthropy.

NIL nonprofits can't lose in College Football Playoff championship

No matter who takes home the College Football Playoff championship Monday night in Houston, a rare nonprofit from the murky, still-developing world of Name, Image, Likeness programs is set to come out on top

The Independent UK · Jan 7, 2024

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NRA Chief Wayne LaPierre Resigns Amid Corruption Trial

Breaking news: Wayne LaPierre, longtime head of the NRA, announces resignation amid corruption allegations. Is this a turning point for the organization? F...

Reason · Jan 5, 2024

DeSantis Wants To 'Eliminate the IRS' and Implement a Flat Tax

DeSantis says the new, single tax rate would mean "lower taxes for everyone" but that only demonstrates that he hasn't thought too deeply about how a flat tax would work.

WEKU · Jan 5, 2024

FAFSA delays are straining families and colleges

This year's federal aid form is new and improved. But it came three months later than normal, and in its first week, online access has been unpredictable.

Roll Call · Jan 5, 2024

OMB chief worried about shutdown even as funding talks progress - Roll Call

A top White House official said Friday that she is “not optimistic” about avoiding a partial government shutdown starting after Jan. 19.

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InsideEVs · Jan 4, 2024

GM Offers $7,500 Discount To EVs That Don't Get The Tax Credit

General Motors will pay out of pocket to keep its prospective customers happy because two of its new EVs are no longer eligible for the $7,500 tax credit.

The Independent UK · Jan 2, 2024

What to know about changes to this year's FAFSA application for college students

A new version of the federal student aid application known as the FAFSA is available for the 2024-2025 school year, but only on a limited basis as the U.S. Department of Education works on a redesign meant to make it easier to apply

InsideEVs · Jan 2, 2024

The 2023 Chevrolet Bolt Is Now A $19,995 EV Bargain

The Chevrolet Bolt EV was already an incredibly compelling electric car. Now with the latest $7,500 point of sale credit, the hatchback is a screaming deal.

Chicago Sun-Times · Dec 29, 2023

Here’s how Illinois Democrats in Congress split on Israel-Hamas war, antisemitism legislation

Democrats locally and nationally are grappling with a challenging dynamic being played out, with the Israel-Hamas war in its third month.

Kiplinger · Dec 29, 2023

The June Retirement Moves Smart Retirees Are Making Right Now

Checklist of 6 easy things you can do in June to improve and secure your finances.

Kiplinger · Dec 28, 2023

Tax Season Is Almost Here: What You Can Do to Prepare

Tax season can be a stressful time, but getting prepared now can help it go more smoothly.

Tax brackets to increase, global debt hits trillion

Discover how the new IRS tax brackets for 2024 can put more money in your pocket, but also the alarming rise of global debt and its impact on your finances...

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