Users of Venmo, Cash App and Other Digital Wallets Get a Tax Reprieve
The Biden administration has faced backlash from small-business owners who called the new I.R.S. reporting requirements confusing and onerous.
Posted inContent Type: Service Individual Retirement Accounts Internal Revenue Service Pensions and Retirement Plans Tax Credits, Deductions and Exemptions
Higher Contribution Limits Are Coming for 401(k) Retirement Plans
But, financial advisers note, most people cannot afford to set aside the maximum amount. “This is a system geared for high earners,” one expert said.
Posted inContent Type: Service Health Insurance and Managed Care Income Tax Internal Revenue Service Personal Finances Savings Tax Credits, Deductions and Exemptions
How to Take Advance of Your Health Savings Account
Insurance plans with high deductibles may seem unappealing, but the savings accounts that often come with them offer significant tax benefits.
Posted inIncome Tax Internal Revenue Service Justice Department News and News Media Trump Tax Returns Trump, Donald J United States Politics and Government Werfel, Daniel I
I.R.S. Contractor Charged With Leaking Tax Returns
The federal charges are said to involve disclosure of tax information from Donald Trump and other wealthy taxpayers.