IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
IRS Extends Tax Deadlines for California Wildfire Victims
By Melanie WaddellAffected taxpayers have until Oct. 15 to file various federal individual and business tax returns and make payments.
January 08, 2025
Early IRA and 401(k) Withdrawals: What to KnowClients who wants to tap retirement accounts before age 59.5 should know the rules — and the exceptions.
December 27, 2024
Inflation Spells Significant 2025 Tax AdjustmentsChanges will apply to standard deduction amounts, marginal rates and various credits beginning in tax year 2025.
December 18, 2024
IRS Pushes Back Deadlines in Proposed RMD RegsThe move may affect some future Secure 2.0-related changes involving individual retirement annuities and other arrangements.
December 04, 2024
Dissecting a GOP Senator's Misleading Social Security AttackWhile it’s fair to criticize the program’s shortcomings, stretching the truth doesn’t benefit anyone.
December 03, 2024
How to Avoid the Tax Trap of the Wash-Sale RuleTech tools can automate oversight of multiple accounts to ensure compliance while protecting investment gains.
November 19, 2024
IRS to Drop Interest Rates in JanuaryFor individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily.
November 14, 2024
Debate: Should the SALT Deduction Cap Be Eliminated?The state and local tax deduction limit of $10,000 per federal return could expire after 2025.