IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
Schwab Charity Funnels $250M to Right-Wing Causes
By Emily BirnbaumThe donor-advised fund gave $141 million to a group tied to activist Leonard Leo between mid-2022 and mid-2023.
April 29, 2024
Debate: Do Taxpayers Benefit From Changes to the Saver's Credit?Starting in 2027, the credit will be replaced by a 50% matching contribution to existing 401(k)s and IRAs.
April 25, 2024
Don't Let RMD Relief Blind IRA Beneficiaries to the Big PictureThose who don't take distributions now could face bigger RMDs at higher tax rates later.
April 24, 2024
Ultra-Rich Should Pay to Save Social Security: PollMore than half want to trim benefits for high-earners and tax wages beyond the first $168,600 in earnings.
April 23, 2024
10 States With the Most Income Tax WriteoffsTaxpayers with expenses like mortgage interest can often write off far more than the standard deduction.
April 22, 2024
IRS Slashes Life Insurer Yield BenchmarkThe agency found that those long-term, retirement-oriented investors had portfolio problems.
April 17, 2024
Trump Pushed to Embrace 17% Income Tax for AllDonald Trump is under pressure to embrace a flat tax rate and hold the line on the state and local tax deduction.
April 17, 2024
Supreme Court Case Could Upend a Key Succession StrategyThe case involves a life insurance strategy intended to keep remaining shareholders in control after a key shareholder's death.