The Internal Revenue Service (IRS) has announced major revisions to the U.S. tax code following the passage of the One, Big, Beautiful Bill Act (OBBB), signed into law on July 4, 2025. The agency has issued new guidance for individuals,

The Internal Revenue Service recently updated guidance in Fact Sheet FS-2025-09 (Fact Sheet) to address changes to the limitation on business

IRS draft guidance updates gambling tax reporting threshold, impacting players while modernizing W-2G requirements for inflation indexing.

For the 2026 tax season, the IRS is moving fully to digital refunds, eliminating paper checks and requiring direct deposit. Taxpayers must update their banking information and use IRS tracking tools to avoid delays and ensure timely refunds.

The IRS released the cost-of-living adjustments for qualified defined contribution plans for the 2026 tax year (IRS Notice 2025-67). The following chart summarizes the key increases applicable to defined contribution plans for 2026: Unexpected by many ...

The IRS has released an update on its strategic operating plan, which outlines "major accomplishments" in taxpayer service, technology and enforcement since its infusion of funding less than two years ago. Stream Los Angeles News for free, 24/7, wherever ...

The IRS has released new guidance on retirement plan distributions, clarifying early withdrawal exceptions and required minimum distribution rules under SECURE 2.0.

Rumors circulating online about new Internal Revenue Service (IRS) stimulus checks being issued this summer have been declared false by officials. Claims that taxpayers would soon receive $1,390 stimulus checks are not backed by any legislation or IRS ...