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The Latest Breaking News from IRS

Cash Balance Plans: Big Deductions and Big Retirement Savings

With the IRS focusing more on high-net-worth taxpayers, is it time for business owners to consider implementing cash balance plans?

Kiplinger

IRS announces 2024 tax brackets: What you need to know

The IRS introduced new income limits for its seven tax brackets, adjusted for inflation.

The Street

2024 Standard Deduction Amounts Are Here

What will the standard deduction for your filing status be in 2024?

Kiplinger

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

Income Tax Brackets for 2024 Are Set

The IRS has adjusted federal income tax bracket ranges for the 2024 tax year to account for inflation.

Kiplinger

How Does Being a Veteran Impact Your Taxes?

Veterans may be eligible for certain federal and state tax benefits.

Kiplinger

The Extra Standard Deduction for People Age 65 and Older

The extra standard deduction can help older adults reduce their taxable income.

Kiplinger

The IRS plan to let taxpayers digitally submit documents is ahead of schedule, Janet Yellen says

Taxpayers will be able to digitally submit all sorts of tax documents and other communications to the IRS months earlier than originally planned

The Independent UK

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U.S. Rep. Michael McCaul dismisses House GOP Israel package as going nowhere

The bill is among the first major legislative packages by House Speaker Mike Johnson and has faced criticism for tying the aid to a cut to the IRS.

The Texas Tribune

The Story Behind Will Smith Landing The Fresh Prince of Bel-Air, And How Quincy Jones Was Involved

Let's discuss the wild story behind Will Smith landing The Fresh Prince of Bel-Air and how Quincy Jones was involved.

Cinemablend

Battle Lines Drawn

Plus: House GOP defies White House on Israel funding, Gaza City surrounded, SBF guilty, Republican under indictment seeks reelection

Reason

Democrats grow nervous over Israel’s conduct in Gaza as Senate leader vows not to consider House security bill – as it happened

Republican-passed bill also faces Biden veto threat as more Democrats call for ceasefire

The Guardian - US

The IRS Gave You A New Way To Shield $1,000 From Taxes

If paying taxes on your investments is something you like to put off as long as possible, the IRS just gave you a way to shield $1,000 more.

Investors Business Daily

House passes $14bn aid package for Israel in exchange for spending cuts

But the White House has said it will veto the ‘partisan’ House proposal

The Independent UK

Donor Privacy and Disclosure Digest: November 2023

Welcome to Ballotpedia’s Donor Privacy and Disclosure Digest! This month’s issue will be our second-to-last edition. Our final edition will arrive on Dec. 7.

Ballotpedia

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Roll Call

Johnson: House GOP looking at new twist to stopgap funds fight - Roll Call

The speaker raised the prospect of extending appropriations for different time periods, effectively setting up a series of funding cliffs.

Kiplinger

Max Your 401(k) Contributions Now Before the Deadline

Year-end is the deadline for making max 401(k) contributions that can increase your savings for retirement and help lower your tax bill.

Salon

GOP IRS cut for Israel increases deficit

"Republicans never miss a chance to protect their billionaire donors," said Sen. Sheldon Whitehouse, D-R.I.

The Independent UK

House speaker lays out conditions for Republicans to support Ukraine aid

Mike Johnson says that Ukraine aid must be coupled with security for the US-Mexico border

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The Independent UK

Mike Johnson’s Israel test: Few allies, fewer options

New House speaker faces doubt, low expectations as first test of leadership begins

Kiplinger

Giving to Charity This Holiday Season? Eight Tips for Doing It the Right Way

Maximize your efforts by following these expert-recommended tips.

The Guardian - US

Top Biden officials urge Congress to pass military aid for Israel and Ukraine

In hearing interrupted by protesters, Antony Blinken and Lloyd Austin try to beat Republican attempts to kill $106bn package

Al Jazeera

Biden’s Israel funding request gets scrutiny, hits early hurdle

US rights group says president’s request to Congress suggests US may ‘bankroll’ displacement of Palestinians.

The Independent UK

Republicans’ Israel bill would strip money from IRS ability to crack down on tax cheats

The proposed bill will also strip money from the IRS’s plan to create a free electronic filing system

Salon

GOP seeks to pair Israel aid & IRS cuts

House GOP "using aid for Israel as a political pawn in order to slash taxes for their wealthy donors," Dem says

WEKU

House Republicans aim to pay for Israel aid with cuts to IRS funds

Democrats want Israel and Ukraine funding to be linked together. House Republicans are proposing a standalone bill with roughly $14 billion for Israel offset with cuts to the Internal Revenue Service.

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