IRS

In the era of social media, misinformation can spread like wildfire. Recently, a Facebook post circulated, asserting that millions of residents across 10 states are slated to receive a fourth IRS stimulus check on November 30.  The post…

As the global landscape continues to shrink, individuals engaging in international transactions, like John in our example, may unwittingly expose themselves to a web of international information return IRS filing obligations.  The…

Many Americans patiently awaiting financial relief, have recently received IRS-promising news about a new round of payments coming their way in November.  Although these payments are no longer referred to as stimulus checks, they serve…

The IRS is set to introduce new income limits for its seven tax brackets, providing potential relief to taxpayers in 2024.  The adjustments, accounting for the impact of inflation, will see the tax brackets move upward by 5.4%. This…

The IRS is raising 401(k) and IRA contribution limits for 2024, offering individuals more savings opportunities for retirement.  For 401(k) plans, the new contribution limit will be $23,000, up from $22,500 in 2023. This change offers…

The IRS Free File program, aimed at simplifying tax prep and offering free online filing for low to moderate-income taxpayers, is challenged by industry lobbying. Critics argue that these efforts have hindered the program's effectiveness…

The Internal Revenue Service (IRS) has some excellent news for people wishing to boost their retirement savings.  The IRS recently announced an increase in the contribution limits for 401(k) and Individual Retirement Accounts (IRAs) for…

Alabama, Arizona, and Virginia are offering crucial financial assistance this month to aid residents coping with economic hardships by issuing extra stimulus checks. While the federal stimulus checks came to an end more than two years…