The Latest Breaking News from IRS

The Biden administration’s $60 billion in additional IRS funding has reinvigorated the agency’s enforcement effort

The IRS achieved a milestone in collecting more than $1 billion from wealthy American taxpayers in less than a year since passing legislation to add more agents.

The House passed its first spending bills with little fanfare. An abortion-related rider in the Financial Services bill could pose a bigger challenge.

Your take-home pay is often less than expected due to several payroll tax withholdings you need to know.

Retirees especially could benefit from these tax-efficient strategies that focus on what you leave your heirs and what kind of accounts your money is in.

Your early retirement withdrawal plan can make or break your FIRE strategy. Think beyond financial independence to how you will maintain a stable portfolio.

U.S. charities may spend some of their time and money on lobbying, as long as those organizations don’t primarily exist to influence federal legislation. This rule applies to all charitable nonprofits, which run the gamut from hospitals to social service providers, museums and environmental organizations.

Knowing what to give, how to give and where to give can help ensure your charitable giving aligns with your values and maximizes your impact.

These steps, including converting to Roth IRAs, using a Roth 401(k) and leveraging life insurance and annuities, can help reduce your taxes in retirement.