IRS releases 2025 contribution limits
The Internal Revenue Service on Friday announced the 2025 contribution limits for 401(k) and Individual Retirement Arrangement plans. Source link
IRS Commissioner Danny Werfel testifies as House Republicans seek to cut funding
1 of 5 | Internal Revenue Service Commissioner Daniel Werfel testifies during a House Ways and Means Committee hearing Thursday in Washington, D.C. House Republicans…
Who are No Labels’ donors? Democratic groups file complaints in an attempt to find out
WASHINGTON — For months, the centrist group No Labels has stockpiled cash and diligently worked to secure ballot access for a potential third-party presidential bid, striking…
IRS says new enforcement efforts have brought in $520M from millionaire tax evaders
A sign outside the US Internal Revenue Service building in Washington, D.C., on January 8, 2019. The IRS said it has collected a half-billion from…
Major Swiss bank admits to helping U.S. taxpayers hide billions from IRS
The Justice Department on Monday said Swiss bank Banque Pictet has agreed to pay $122.9 million to the U.S. Treasury in a deferred prosecution agreement…
To adjust for inflation, IRS changes 2024 income tax brackets, standard deductions
1 of 3 | On Thursday, the IRS announced new adjusted-for-inflation income tax brackets and deductions for tax year 2024. The standard deduction for married…
Hiltzik: Here’s how a budget cut turns into a budget deficit
Scarcely a week into the tenure of House Speaker Mike Johnson (R-La.), and his view of American voters and the press as dimwits to be…
IRS contractor pleads guilty to leaking Trump’s tax returns to media
A IRS contracted pleaded guilty Thursday to stealing the tax information of former President Donald Trump and thousands of the nation's richest people and leaking…
IRS consultant charged with leaking tax info on Trump, others
Then-U.S. President Donald Trump holds a news briefing at the White House on September 27, 2020, denying a New York Times report that he paid…
IRS contractor charged with leaking tax info of wealthy people
WASHINGTON — A former contractor for the Internal Revenue Service was charged Friday with leaking tax information to news outlets about a government official and thousands…
IRS consultant charged in massive leak of taxpayer data
He faces a maximum five years in prison, the Justice Department said. The announcement comes more than two years after ProPublica said it had obtained…
Hunter Biden sues IRS, alleging violation of his privacy
The suit cites a laundry list of media interviews with the IRS whistleblowers and their lawyers, including a podcast interview with journalist John Solomon and…
Hunter Biden sues the IRS over tax disclosures
Hunter Biden sued the Internal Revenue Service on Monday, alleging that two agents who claimed interference into the case against him wrongly shared his personal…
Subpoenaed IRS officials sit for closed-door testimony in GOP’s Hunter Biden probe
WASHINGTON — Republicans are pressing ahead with their Hunter Biden investigations. An Internal Revenue Service employee alleged to have knowledge of the federal probe into President…
Democrats accuse tax prep firms of undermining new IRS free tax filing program
Congressional Democrats are accusing big tax preparation firms including Intuit and H&R Block of undermining the federal government’s upcoming electronic free-file tax return system and…
House GOP subpoenas IRS, FBI officials in its Hunter Biden probe
The Justice Department has denied allegations it impeded a years-long federal investigation into Hunter Biden. Source link
IRS says it no longer will make unannounced visits to taxpayers
1/2 The IRS has announced a significant policy update on Monday, ending unannounced visits by its officers. The agency said it will reach out to…
Second IRS whistleblower identified at House hearing on Hunter Biden investigation
1/7 IRS Supervisory Special Agent Gary Shapley (L) and IRS Special Agent Joe Ziegler are sworn-in Wednesday during a House Committee on Oversight and Accountability…
New allegations from IRS whistleblower in Hunter Biden investigation
Gary Shapley, the IRS whistleblower who oversaw part of the agency's investigation into the son of U.S. President Joe Biden, Hunter Biden, said on Tuesday…
Report says IRS improved processing time of tax returns, refunds in 2023
1/2 Paying taxes for the 2023 filing season generally improved for most Americans as the Internal Revenue Service processed returns and issued refunds more quickly…