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The Latest Breaking News from IRS

From Tax-Deferred to Tax-Free: Navigating Taxes in Retirement

Here are some considerations to keep in mind to help you spend less of your retirement savings and Social Security benefits on taxes.

Kiplinger

What Is a Safe Harbor 401(k)?

Part of the Small Business Job Protection Act, this type of 401(k) makes it easier for small businesses to offer retirement plans to their employees.

Kiplinger

Fiscal Help: How to File Taxes as an Immigrant

A step-to-step guide on how to file taxes as an immigrant

Latin Times

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Hunter Biden's legal troubles escalate amid mounting evidence. DOJ dismisses lawsuit

This content discusses the ongoing legal troubles of Hunter Biden, including the authenticity of his laptop and his response to IRS whistleblowers, with a ...

Top News

Lawmakers call for IRS scrutiny of Trump-backed nonprofit that aids Jan. 6 rioters

A nonprofit that supports defendants charged in the Jan. 6, 2021, insurrection is facing scrutiny over its political activity. "The IRS should investigate this case immediately," said one congressman.

WEKU

Tesla Can Now Apply The $7,500 Tax Discount Directly To The Purchase Price Of EVs

The point-of-sale rebate can be applied when purchasing a Model Y or Model X Dual-Motor. That means the purchase price is $7,500 lower.

InsideEVs

What Is 401(k) Student Loan Matching?

Strapped student loan borrowers can pay down debt and boost their retirement accounts.

Kiplinger

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Roth IRA Contribution Limits for 2026

Roth IRAs allow you to fund your retirement with after-tax dollars while you're working, and then withdraw those contributions tax-free when you retire. Here's a look at 2026 limits and income-based phaseouts.

Kiplinger

How a Backdoor Roth IRA Works (and Its Drawbacks)

High earners can get around income limits on Roth IRA contributions by converting other IRA accounts to Roths, but there are some caveats.

Kiplinger

Johnson: Topline spending pact won’t be torn up - Roll Call

Speaker Mike Johnson reiterated support for the spending agreement he negotiated in face of opposition from House Freedom Caucus members.

Roll Call

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

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...

Top News

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

457 Contribution Limits for 2024

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

Kiplinger

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The Independent UK

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

Chicago Sun-Times

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.

Fortune

The 2023 tax season will kick off on Jan. 29

IRS is about to kick off the latest tax season.

The Independent UK

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

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Bored Panda

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.

Kiplinger

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.

The Guardian - AU

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

Chicago Sun-Times

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.

Top News

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.

The Independent UK

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

Top News

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...

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