Last week, the IRS issued guidance on withholding and reporting issues related to uncashed retirement plan distribution ...

The 'One Big Beautiful Bill Act' (OBBBA), signed by President Trump on July 4, 2025, introduces a groundbreaking change for tip-earning workers: the ability to exempt a portion of their tip income ...

The U.S. Internal Revenue Service is using billions of dollars in new funding to launch a new strategic operating plan to transform and improve is tax services over the next ten years.

Americans saving for retirement will benefit from increased contribution limits for their 401(k) accounts in 2025, following a decision by the IRS. However, these adjustments come alongside the ...

The IRS's progress in improving tax compliance in recent years has been threatened by cuts in funding and hiring, according ...

IRS plans another major change, raising alarm bells According to a new report from AP News, the IRS is contemplating cutting half its workforce through layoffs, incentivized buyouts, and attrition ...

The IRS says filings for large pass-through businesses used for the type of tax avoidance in the guidance increased 70% from 174,100 in 2010 to 297,400 in 2019.

The Internal Revenue Service is moving ahead with its plan to build its own free tax filing program, announcing Tuesday that a pilot version will be available to some taxpayers in 13 states next year.

For individuals, the new maximum will be $14,600 for 2024, up from $13,850, the IRS said. Heads of households will see their standard deduction jump to $21,900 in 2024, up from $20,800. Tax ...

The IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50 billion in revenue over the next decade, the U.S. Treasury Department says.