IRS Updates
Stay on top of the most recent information from the IRS that can impact your clients.
IRS Reveals New Tax Rates, Deductions for 2025
By John ManganaroThe tax year 2025 adjustments generally apply to income tax returns to be filed starting tax season 2026.
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."
September 06, 2024
Latest IRS Sweep of Wealthy Tax Cheats Has Recovered $172M So FarThe campaign targets high-earning taxpayers who have missed one or more tax returns since 2017.
September 05, 2024
IRS Seeks Feedback on Saver's Match Under Secure 2.0The agency and the Treasury Department want comments on all aspects of the retirement account contributions.
September 04, 2024
How to Prepare for Higher Tax Brackets in 2026While advisors brace for the potential halving of the estate tax exemption, most taxpayers have a bigger concern.