The agency announced savers will be able to set aside more money in their workplace retirement plans next year.

The IRS is currently dealing with a significant backlog of tax returns and related processes, a situation that has arisen in ...

Catch-up contributions for participants age 50 and up will rise to $8,000 from $7,500, which means their total contribution for 2026 is capped at $32,500. For employees aged 60, 61, 62 and 63 who ...

Experts said the IRS won't be fully operational for weeks and its employees face a backlog of questions and preparations for ...

President Donald Trump submarined his own nominee for IRS chief counsel on Friday — and seemingly without warning.

The IRS has announced updated cost-of-living adjustments for retirement plan contribution limits that will take effect in 2026. The changes apply ...

New retirement plan contribution limits announced by the IRS for 2026 include higher 401(k), IRA and catch-up contribution ...

Congress made many wildfire legal recoveries received in 2020 through 2025 tax free. Payments in 2020 and 2021 require action by December 12, 2025.

Both 401(k) and IRA contribution caps will increase in 2026 as part of the IRS’s annual inflation adjustments.

Contrary to a timeline offered by administration officials on Thursday, the Internal Revenue Service initially told employees ...

Ever since he was a little kid, Isaac Stein wanted to run a hot dog cart. In June, he decided to follow through with it.

President Trump’s announcement came after the nominee, Donald L. Korb, came under fire from the far-right activist Laura ...