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The Problem With 401(k) Catch-Up Contributions for 2024
Retirement Plans New rules governing certain Roth 401(k) catch-up contributions caused confusion and raised concern.
Social Security Tax Wage Base Jumps 5.2% for 2024
Social Security Wealthier taxpayers will have more Social Security tax taken from their paychecks next year.
IRS Delays IRA RMD Rules Again
Inherited IRAs The IRS is delaying certain required minimum distribution rules. Here’s what the latest change means for some inherited IRA beneficiaries.
By Kelley R. Taylor Last updatedInherited IRAs
Want to Lease an EV? There's a Tax Credit 'Loophole' for That
Tax Credits If you're trying to decide whether to lease or buy a car, here's what you need to know about how the EV lease tax credit works.
By Kelley R. Taylor Last updatedTax Credits
Millionaire Tax Evaders Beware: The IRS Is Coming
Tax Evasion The IRS is targeting 1,600 millionaire tax evaders and 575 partnerships. Are you on the agency’s priority list?
By Katelyn Washington Last updatedTax Evasion
Should You Withdraw Your ERC Claim?
Tax Credits The IRS says certain businesses can withdraw potentially fraudulent employee retention tax credit claims.
By Katelyn Washington PublishedTax Credits
13 States Sign On to IRS Direct File Pilot Program
Tax Filing The IRS will pilot its free online direct tax filing service, with help from several states.
By Katelyn Washington Last updatedTax Filing
Five Tax Breaks for Paying Your Student Loan
Tax Letter After a three-year pause, student loan payments have resumed, putting a dent in people's wallets. But there are some tax breaks that can help.
By Joy Taylor PublishedTax Letter
Why You Should Make Charitable Gifts With an IRA
If you make charitable gifts with an IRA, you can get a tax break. Here's how to do it.
By Joy Taylor Published
Illinois Tax Relief Announced Following Attacks in Israel
Tax Relief Illinois is offering tax relief following terrorist attacks in the State of Israel.
By Katelyn Washington PublishedTax Relief
18 States With Scary Death Taxes
Estate Tax Federal estate taxes are no longer a problem for all but the extremely wealthy, but several states have their own estate taxes and inheritance taxes that could still hit your heirs.
By Sandra Block Last updatedEstate Tax