Taxes

The IRS on Thursday announced the new income limits for the different tax brackets as still-high inflation continues to squeeze Americans financially.

Treasury Secretary Janet Yellen condemned Republican efforts to claw back funding for the IRS in its effort to provide Israel with $14 billion in aid.

The IRS said Wednesday that it lifted the amount that workers can set aside for retirement in their 401(k), IRA and other tax-deferred plans next year.

Open enrollment is offered one time annually and permits most employees to review their healthcare coverage, plans and health savings accounts (HSAs) to maximize their physical, mental and financial well-being.

The IRS on Friday announced that it has brought in a cumulative $160 million from its efforts to crack down on wealthy Americans evading their taxes.

The IRS plans to launch a free tax-filing program in 13 states for select taxpayers, projecting that hundreds of thousands will participate in the pilot.

The Internal Revenue Service is providing tax relief to individual and corporate taxpayers impacted by Hamas' terrorist attack on Israel for one year following the Oct. 7 attack.

Microsoft just disclosed that the Internal Revenue Service (IRS) has asked for a hefty sum of taxes that it believes the tech company has not paid. The total was $28.9 billion.

The Powerball jackpot now sits at $1.4 billion – the third largest in the game’s history – after no single ticket matched all six numbers to claim the grand prize Wednesday night.