IRS increases 401(k), other retirement plan contribution limits for 2025
The IRS released its updated contribution limits and adjustments to eligibility thresholds for 401(k) plans, IRAs and other retirement plans to account for inflation.
Yellen touts IRS enforcement as helping close the budget deficit
Treasury Secretary Janet Yellen touted increased enforcement of tax laws by the IRS as helping to close the budget deficit by addressing the tax gap with respect to unpaid tax debts.
Yellen discusses deficit reduction, tax enforcement
Treasury Secretary Janet Yellen responds to FBN's Edward Lawrence about deficit reduction and the role IRS enforcement plays.
IRS sets new tax brackets, raises standard deduction for 2025
The IRS released its inflation adjustments to income thresholds for tax brackets as well as deductions, credits and other provisions that will take effect for tax year 2025.
IRS: Majority of pandemic ERC claims are likely scams
Apple-Metro Chairman and CEO Zane Tankel discusses COVID stimulus fraud on 'Cavuto: Coast to Coast.'
DEI specialists are wrecking US government: Pete Hegseth
'Fox & Friends Weekend' co-host Pete Hegseth reacts to the IRS offering nearly $200K for a DEI specialist job on 'Varney & Co.'
Evan Gershkovich, freed Americans now face IRS fines, fees for time they were Russia’s hostages
Evan Gershkovich, Paul Whelan and Alsu Kurmasheva may each face IRS fines and fees for not having filed taxes during their time in Russian prison.
Prominent LGBTQ group GLAAD under fire for lavish spending
LGBTQ-rights group GLAAD has fallen under scrutiny after a new report detailed extravagent spending at the non-profit, including CEO Sarah Kate Ellis' hefty pay package.
IRS reaches settlement with Citadel's Ken Griffin over tax records lawsuit
Citadel global head of litigation Brooke Cucinella discusses the case against the IRS over leaked tax records on 'The Big Money Show.'
IRS apologizes to Ken Griffin and thousands of Americans for tax data leak
The Internal Revenue Service issued a public apology to Citadel CEO Ken Griffin as part of the settlement of a lawsuit he filed following the leak of thousands of Americans tax data.
Senate Democrats plan for a 'tax Armageddon' in 2025
Senate Democrats said they are coming up with a "menu" of tax proposals for 2025 as they prepare for the expiration of the 2017 Tax Cuts and Jobs Act.
Economist's message to Biden: 'You can't revive the economy with a giant tax increase'
'The Bottom Line' panelists analyze President Biden and former President Trump's economic agendas ahead of the first presidential debate.
IRS penalties on American taxpayers surged nearly 300% last year
The IRS said that it levied a record $7 billion in penalties against taxpayers last year, mostly targeting individuals who underpaid heir estimated taxes.
IRS plans to close 'major' tax loophole used by wealthy Americans
The IRS and Treasury Department announced plans to end a major tax loophole that is used by wealthy Americans to reduce how much they owe to Uncle Sam.
Time to claim $1B in tax refunds dwindles: A state-by-state breakdown
The IRS says 1 million people face a May 17 deadline to submit their tax returns for unclaimed refunds for the 2020 tax year. Collectively, the refunds are worth more than $1 billion.
IRS warns thousands of taxpayers could face criminal prosecution for filing false returns
The IRS warned thousands of taxpayers that they could face criminal prosecution and steep fines if they falsely filed for tax credits that do not apply to them.
The IRS has $1B in unclaimed federal tax refunds. Time is running out to collect it
The IRS said more than $1 billion in unclaimed refunds for the 2020 filing year are still possible for eligible filers to claim, but time is running out.
IRS plans to more than double its audit rate of wealthy taxpayers
Funding for the latest enforcement efforts was included in the Democrats' health care and climate change spending bill that President Biden signed into law in 2022.
Charles Payne: The IRS army is going after you
'Making Money' host Charles Payne discusses the concept of taxes and paying your 'fair share' on 'Making Money.'
Tax refunds up from 2023; most Americans plan to pay down debt or save
A new Bank of America Institute report found that taxpayers' refund checks will on average be about 5% larger compared to a year ago, with most planning to pay debt or save the refund.