IRS Updates
Stay on top of the most recent information from the IRS that can impact your clients.
IRS Sets 401(k), IRA Contribution Limits for 2025
By Melanie WaddellThe tax authority also announced changes to catch-up contributions tied to Secure 2.0.
October 22, 2024
IRS Reveals New Tax Rates, Deductions for 2025The tax year 2025 adjustments generally apply to income tax returns to be filed starting tax season 2026.
October 10, 2024
How Clients Can Spend Health Savings Dollars WiselyClients may be surprised about the types of expenses that may qualify for HSA or FSA reimbursement.
October 07, 2024
Millions of Americans Dodging Taxes on Early Retirement WithdrawalsNearly 3 million taxpayers who received $12.9 billion failed to pay the extra 10% tax, a report finds.
October 03, 2024
IRS Direct File to Cover More States and Tax SituationsFor the 2025 tax season, the number of states will double, and Direct File will support retirement income.
September 25, 2024
How New IRS Annuity Rules Could Cause ConfusionAn insurer group worries about how RMDs will change for people who annuitize just some of their assets.
September 12, 2024
9 New Tax Projections for Retirement Planning in 2025Several key numbers tied to IRAs, capital gains and gift taxes are adjusted annually.
September 11, 2024
What the IRS Manual Tells Staffers About Life and AnnuitiesWhen agency bill collectors come calling, they hope to find sources of "collection potential."