by Jesse Eisinger, Paul Kiel and Jeff Ernsthausen
]
ProPublica is a nonprofit newsroom that investigates abuses of power. The Secret IRS Files is an...
Related topics: Taxes
by Jeff Ernsthausen, Paul Kiel and Jesse Eisinger
]
ProPublica is a nonprofit newsroom that investigates abuses of power. The Secret IRS Files is an...
Related topics: Taxes
See how these employees save 90% or more of the IRS max in their 401(k) or defer 15% or more of their salary.
A version of this article originally appeared on Principal.com. Read Full Story
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Big banks and the IRS want you to think, the only way to save for retirement is...
Related topics: Gold, Taxes, Banking
Biden’s $1.75 trillion social spending bill is said to be financed not only by raising taxes on the rich, but also with measures aimed to reduce the budget’s tax gap. The latter stems from tax evasion schemes which amounted to $584bn in owed...
Related topics: Joe Biden, Taxes
Five Years Ago
This week in 2016, we learned more about the disturbing scope of the NSA's leaks of hacking tools, the IRS decided to demand information on Coinbase customers, and one federal judge was taking a closer look at "reputation...
President Joe Biden.John Tully/Getty Images
Millions of families rely on the child tax credit to make ends meet, but it expires in just weeks.
It's unclear if Congress will act before the last payments go out on December 15.
If it gets renewed,...
Related topics: Joe Biden, Taxes
A simmering dispute between Democrats and the Congressional Budget Office over how much money could be raked in by improving IRS enforcement largely boils down to a single question: How afraid will rich people be of a newly empowered tax...
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Larry Summers, who served in top economic policy roles during the Clinton and Obama administrations, said Thursday that the IRS funding proposal in Democrats' social spending bill is likely to raise more revenue than the Congressional Budget...
Related topics: Bill Clinton, Barack Obama
Lil Pump has history with owing the IRS a lot of money from taxes he hasn't paid over the years.
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Retirement savers can celebrate another victory in 2022: Thanks to the latest income ranges released by the IRS, more people can stash money away in a Roth IRA (individual retirement account). If you've missed out on Roth IRA contributions before,...
Saving for retirement in a tax-advantaged account like an IRA or 401(k) has some real benefits. If you put money into a Traditional IRA or 401(k), your contributions will go in tax-free, shielding a chunk of your earnings from the IRS. Plus, your...
Related topics: Taxes
Happy Thursday and welcome to On The Money, your nightly guide to everything affecting your bills, bank account and bottom line. Subscribe here: thehill.com/newsletter-signup.Today’s Big Deal: A Trump appointee atop the IRS is calling on Congress...
Related topics: Banking
More bad news from the Internal Revenue Service. It can’t keep up with requests from taxpayers to help with amended tax returns.
If you weren’t familiar with the National Taxpayer Advocate (NTA), it supposedly represents “our...
Related topics: Taxes
IRS Commissioner Charles Rettig on Thursday urged Congress to support the Biden administration's proposal to provide the agency with an additional $80 billion over 10 years, which is expected to be included in Democrats' social spending...
Related topics: Joe Biden
American consumers have seen an increase in scams of all types since the start of the pandemic. They’re not likely to go away anytime soon.
Fake IRS emails. Zombie debt. Romance schemes. Grandparents scams. Cramming. Nefarious tech support...
If you get an IRS letter, like a CP503, it is crucially important that you read it, then respond by the deadline. The letter will explain how to reply. If you agree you owe the money, pay it in full or set up a payment plan. If you dispute it,...
The IRS on Wednesday announced inflation adjustments for 2022 pertaining to a host of features in the tax code, including the standard deduction and tax brackets.The changes take into account the fact that inflation has increased this year. The...
Related topics: Inflation, Taxes
North Carolina extremist Christian nationalist Lt. Governor, Republican Mark Robinson on Saturday appeared to "jokingly" threaten any IRS agents who might come to his home as he falsely characterized a proposed policy that was withdrawn weeks...
Cost of living adjustments (CODA) that affect many retirement accounts were just announced by the Internal Revenue Service. Here’s a breakdown.
With the cost of basically everything going up right now, this should be welcome news for people...