Category : Search result: IRS


IRS 2026 Tax Brackets: Key Changes Explained

The IRS has announced new federal income tax brackets and standard deductions for 2026. Experts reveal how these inflation adjustments will impact your tax bill when you file in 2027.

Senator Jim Justice Settles $5m Tax Debt

Republican US Senator Jim Justice agrees to pay more than $5m in back taxes following a federal lawsuit. Discover the details of the settlement and his financial troubles.

IRS raises 401(k) limits to $24,500 for 2026

Millions can save more for retirement as the IRS increases 401(k) and IRA contribution limits for 2026. Discover how the new thresholds impact your financial future.

IRS Workers Forced Back Without Pay in Shutdown

Nearly 90,000 IRS employees face financial uncertainty as they're ordered back to work without pay during the US government shutdown, creating a payroll nightmare ahead of tax season.

IRS Files Major Lawsuit Against Fox News Over Leak

The US Internal Revenue Service files a groundbreaking lawsuit against Fox News, alleging the network unlawfully obtained and published confidential taxpayer information from a protected whistleblower, triggering a fierce debate over press freedoms and le

Trump Proposes Exempting Tips from Federal Income Tax

Ex-President Donald Trump proposes exempting tipped wages from federal income tax, a move that could put thousands of dollars back into the pockets of waiters and bartenders but faces significant legislative hurdles.

IRS launches free bilingual tax filing system

The US Internal Revenue Service (IRS) has introduced a free online tax filing system in English and Spanish, marking a major shift in accessibility. Here’s how it works and who qualifies.

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