Internal Revenue Service

The IRS has announced an increase to the amount individuals can contribute to their 401(k) plans in 2025, to $23,500, up from $23,000 in 2024.

The Internal Revenue Service said Thursday a review of 1 million claims for the Employee Retention Credit representing $86 billion shows the “vast majority” are at risk of being improper.

The IRS has released an update on its strategic operating plan, which includes more audits on the wealthiest taxpayers, large corporations and partnerships.

The IRS is poised to take in hundreds of billions of dollars more in overdue and unpaid taxes than previously anticipated, according to new analysis released Tuesday by the Treasury Department and the IRS.

The IRS says it has collected an additional $360 million in overdue taxes from delinquent millionaires.

For the first time in five years, income tax returns will be due on their traditional date, but that isn’t the only thing to know about filing this year.

For the first time in five years, income tax returns will be due on their traditional date, but that isn’t the only thing to know about filing this year.

Starting next month, the IRS will resume automated collection notices and some taxpayers will receive a “special reminder letter.” Here’s what to know.

A growing number of questionable claims are coming from small businesses who may or may not be aware that they aren’t eligible.

The IRS is launching an effort to crack down on 1,600 millionaires and 75 large business partnerships that owe hundreds of millions of dollars in past due taxes.

The IRS will offer digital correspondence for the 2024 season and aims to provide “paperless processing” for tax returns in 2025. Here’s what to know.

The IRS is warning people of scammers targeting your mailbox with a new ploy to try and get your private information.