online_features/money_and_finance

Important info for people considering making early withdraws from retirement funds

No matter how much people plan, unexpected events occur. Often, those events result in unplanned expenses. To cover these…

online_features/money_and_finance

Taxpayers with an outstanding tax bill should consider an Offer in Compromise

An Offer in Compromise can be an effective way individuals and businesses to settle federal tax debt. This federal program…

News

401(k) limit increases to $22,500 for 2023, IRA limit rises to $6,500

WASHINGTON — The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans…

online_features/money_and_finance

During National Cybersecurity Month, IRS and Security Summit Partners offer tips

WASHINGTON – The Internal Revenue Service and its Security Summit partners today urged families to remain vigilant year-round…

online_features/money_and_finance

Adjust tax withholding now to pay the proper amount of tax

WASHINGTON — The Internal Revenue Service today urged taxpayers to check their tax withholding while there’s time left…

online_features/money_and_finance

Rebuilding records after a natural disaster is an essential step in recovery

Tax records are not a first priority for those affected by natural disasters nor should they be. However,…

online_features/money_and_finance

Employers warned to beware of third parties promoting improper Employee Retention Credit claims

WASHINGTON — The Internal Revenue Service today warned employers to be wary of third parties who are advising…

online_features/money_and_finance

IRS provides tax inflation adjustments for tax year 2023

WASHINGTON — The Internal Revenue Service today announced the tax year 2023 annual inflation adjustments for more than…

News

Grandparents and other relatives with eligible dependents can qualify for 2021 Child Tax Credit

WASHINGTON – The Internal Revenue Service reminded families today that some taxpayers who claim at least one child as their…

online_features/money_and_finance

Taxpayers should stay on top of taxes all year to avoid a surprise tax bill

The next tax season seems far away, but this is actually the perfect time for taxpayers to review…