WASHINGTON ― The Internal Revenue Service announced today that almost 940,000 people across the nation have unclaimed refunds for tax year 2020 but face a May 17 deadline to submit their tax returns. The IRS estimates more than $1 billionRead More »Time running out to claim $1 billion in refunds for tax year 2020, taxpayers face May 17 deadline
WASHINGTON — The Internal Revenue Service announced today that the amountindividuals can contribute to their 401(k) plans in 2024 has increased to $23,000, upfrom $22,500 for 2023. The IRS today also issued technical guidance regarding all of the cost ofRead More »401(k) limit increases to $23,000 for 2024, IRA limitrises to $7,000
IR-2023-191, Oct. 16, 2023WASHINGTON – The Internal Revenue Service recently awarded $51 million in TaxCounseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) grantsto organizations that provide free federal tax return preparation. This year, the IRS awarded grantsRead More »IRS announces 2024 Tax Counseling for the Elderlyand Volunteer Income Tax Assistance ProgramGrants
There may be times when taxpayers cannot pay what they owe in full, but rememberthe IRS has numerous payment plan options available.The IRS offers several different payment plan options, but taxpayers may want to firstconsider non-IRS options depending on theirRead More »IRS payment plan options – Fast, easy and secure