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The Latest Breaking News from IRS

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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read the most diverse news in one place.

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.

Roll Call

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.

Kiplinger

GOP IRS cut for Israel increases deficit

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

Salon

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

The Independent UK

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

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

The Independent UK

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

Maximize your efforts by following these expert-recommended tips.

Kiplinger

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

The Guardian - US

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.

Al Jazeera

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

The Independent UK

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

Salon

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.

WEKU

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news in one place.

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Kiplinger

You May Have to Put Catch-Up Contributions in a Roth 401(k): That's Not a Bad Idea

High earners will be required to put their catch-up contributions in a Roth 401(k).

Reason

Taking From IRS, Giving to Israel

Plus: Massive union wins, abortion rebrands, Silvio Berlusconi's nude-art collection, and more...

WEKU

Up First briefing: Israel won't agree to a cease-fire; how tech messes with our senses

Israeli troops have advanced deeper into Gaza as Prime Minister Benjamin Netanyahu rejects international calls for a humanitarian pause. Ditching your phone can help you tune in to your body.

Roll Call

House Republicans unveil $14.3B stand-alone Israel supplemental - Roll Call

House Republicans' stand-alone bill would decouple aid for Israel from aid for Ukraine and border security.

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news in one place.

100’s of premium titles.
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Kiplinger

How Are I Bonds Taxed? Nine Common Situations

Series I bonds are a popular investment that can help you save on taxes, but the federal income tax consequences can be complex.

Investors Business Daily

Saving For Retirement If You Don't Have A 401(k)

Saving for retirement isn't easy even if you have a 401(k). It's even harder if you don't have access to an employer-sponsored retirement plan

Reason

You Can't Fix Him (the IRS)

Plus: Tanks in Gaza, quitting the DSA, Gen Z hates a sex scene, and more...

The Guardian - US

The grey moral ground of lying on expense travel reports

A Citibank employee was recently fired for fudging receipts, but companies are striving to follow the rules laid down by the IRS

Chicago Sun-Times

IRS plans limited rollout of free e-file tax return system with invitations to select taxpayers

The agency estimates that hundreds of thousands of taxpayers will participate in the limited rollout of the program for the 2024 filing season.

Roll Call

‘Oh, come on!’ Groans and gritted teeth as Jordan loses first speaker round

As Jim Jordan came up short Tuesday afternoon, visitors watching from the gallery said this was — and wasn’t — planned.

Fortune

'This is all bad news': 'Shark Tank' mogul Kevin O'Leary looks at the commercial real estate landscape and despairs, warning of 'chaos' to come

Not only does O'Leary see a "correction" coming for the office sector, but in New York it may be better "to actually tear these buildings down and rebuild.”

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