During more than a decade in Congress, from January 2011 to January 2023, Long co-sponsored bills that would have curbed financial reporting to the IRS, ended the estate tax and replaced income ...

This means, for example, that the Feb. 15, 2024, deadline will now apply to: • Individuals who had a valid extension to file their 2022 return due to run out on Oct. 16, 2023. The IRS noted ...

Now that we know the final August 2022 inflation numbers we have a good idea of what the inflation adjusted amounts will be for all of the tax provisions ... reflected in the 2023 increase.

The agency announced guidance on the federal tax status of these state “stimulus” and other special payments made to individuals. The guidance, which applies to payments received in 2023 ...

Some inheritors of retirement accounts subject to a new 10-year payout window won't face penalties if they don't take required minimum distributions for 2023, according to guidance released last ...

Filing and Payment Relief. The tax relief postpones various tax filing and payment deadlines that occurred from Sept. 15, 2023, through Feb. 15, 2024 (postponement period). As a result ...

If you compare the capital gains tax rates from 2023 and 2024 below, you can see the impact of inflation adjustments. The 2024 capital gains tax rates have been adjusted upward, with thresholds ...