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The Latest Breaking News from IRS

Roth 401(k) vs. 401(k): Which Is Right for You?

The Roth 401(k) vs. traditional 401(k) decision can mean the difference between higher taxes now or in retirement. It's your choice.

Kiplinger

Medicare Premiums 2025: Projected IRMAA for Parts B and D

Will your monthly Medicare premiums increase next year? It depends.

Kiplinger

Things Change: Is It Time to Update Your Retirement Plan?

Here’s how to go about updating your retirement plan, including adding important elements, to ensure it meets all of your retirement objectives.

Kiplinger

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‘Will you shut up, man’: The best jabs from Biden-Trump debates in 2020

A look back at the bad-tempered 2020 debates when White House rivals sparred over Covid, white supremacy and each others’ records in government

The Independent UK

IRS delays in resolving identity theft cases are 'unconscionable,' an independent watchdog says

An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases

The Independent UK

New 401(k) Withdrawal Rules to Know

More people are taking early emergency withdrawals from retirement savings accounts. New rules might offer some relief.

Kiplinger

Julian Assange, a Free Man

Plus: In defense of cigarettes, independent voters in the Hamptons, IRS data-privacy settlement, and more...

Reason

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How to Donate Your Life Insurance Policy to Charity

Donating an unneeded life insurance policy to charity can extend your charitable legacy. To maximize that gift, consider methods that may reduce your tax burden.

Kiplinger

U.S. lawmakers turn up the heat over Nigeria's unlawful detention of Binance exec

U.S. lawmakers visited former IRS Special Agent Tigran Gambaryan in the Nigerian prison where he has suffered malaria and pneumonia.

Fortune

'Vast Majority' of Pandemic Employee Retention Credit Claims Are Likely Scams, Says IRS

Just the latest development in the continuing saga of COVID stimulus fraud.

Reason

Nigeria Denies Claims Of Poor Quality Healthcare For Binance Executive Gambaryan

Nigeria has denied claims that jailed Binance compliance chief Tigran Gambaryan wasn't provided access to quality healthcare after two U.S. representatives visited the former IRS agent in a Nigerian prison.

International Business Times

Landlord With Rental Income? See if You Qualify for a 20% Tax Break

Many landlords are eligible to take the 20% tax deduction for qualified business income

Kiplinger

IRS Finds Majority Of Employee Retention Credit Claims Improper

IRS review finds majority of Employee Retention Credit claims at risk of being improper due to fraud, with billions expected to be denied.

Top News

House Republicans Investigate Alleged Retaliation Against IRS Whistleblowers

House Republicans investigate potential improper influence in Hunter Biden investigation based on IRS whistleblowers' claims. Concerns include political in...

International Business Times

Treasury, IRS To 'Close Major Tax Loophole' To Bring $50 Billion In Government Coffers

The plan will focus on "related party basis shifting," which is typically used by related parties to increase deductions on assets or reduce future gains, thereby lowering the tax liability of the entities involved.

The Independent UK

The IRS wants to end another major tax loophole for the wealthy and raise $50 billion in the process

The Internal Revenue Service plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade

Kiplinger

11 Ways to Grow Your Wealth

Whether you’re taking the first steps to increase your wealth or protecting the assets you’ve accumulated, our advice to grow your wealth will help you flourish.

Kiplinger

IRA vs Roth vs 401(k): Which Do You Pick?

All offer great tax breaks as you save for retirement. In addition, there are 403(b), SEP and SIMPLE plans and more. But don't worry. It’s hard to go wrong.

Kiplinger

Summer Activities That Can Impact Your Taxes

Certain summertime activities might help lower your taxable income.

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