Treasury, IRS issue proposed regulations on new automatic enrollment requirement for 401(k) and 403(b) plans
WASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued proposed regulations addressing certain SECURE 2.0 Act provisions, including a provision generally requiring newly-established 401(k) and 403(b) plans to automatically enroll...
IRS announces Jan. 27 start to 2025 tax filing season; agency continues historic improvements to expand, enhance tools and filing options to help taxpayers
Free File program now open; Direct File available starting Jan. 27 for taxpayers in 25 states WASHINGTON — The Internal Revenue Service today announced that the nation’s 2025 tax season will start on Monday, Jan. 27, 2025, and will feature expanded and enhanced...
Treasury, IRS issue proposed regulations on new Roth catch-up rule, other SECURE 2.0 Act provisions
WASHINGTON — The Department of the Treasury and the Internal Revenue Service issued proposed regulations today addressing several SECURE 2.0 Act provisions relating to catch-up contributions, which are additional contributions under a 401(k) or similar workplace...
Treasury and IRS issue final rules identifying certain partnership related-party ‘basis shifting’ transactions as Transactions of Interest
WASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued final regulations identifying certain partnership related-party “basis shifting” transactions as transactions of interest – TOIs – subject to the rules for reportable...
IRS: For Carter remembrance, taxpayers have extra day to file, pay; returns, payments due Jan. 9 are now due Jan. 10
WASHINGTON - The Internal Revenue Service today granted taxpayers an extra day, until Friday, Jan. 10, 2025, to file any return or pay any tax originally due on Thursday, Jan. 9. The IRS granted the extra time following the Dec. 29 Presidential Proclamation marking...
Reminder-2025 Filing Season for Modernized e-File (MeF) Business Returns
Attention: Software Developers, Return Transmitters and Authorized IRS e-file Providers/EROs. The IRS will begin accepting all business tax returns at 9 a.m. Eastern on January 15, 2025.
Get ready for tax filing season 2025
As tax filing season approaches, the IRS Get Ready campaign reminds taxpayers of simple steps they can take now to get ready to file their 2024 federal tax returns. As the IRS continues its digital transformation, it’s making filing easier for taxpayers by providing...
National Taxpayer Advocate delivers Annual Report to Congress
Flags Employee Retention Credit, Identity Theft Victim Assistance processing delays and calls for adequate funding to improve taxpayer services WASHINGTON — National Taxpayer Advocate Erin M. Collins today released her 2024 Annual Report to Congress, finding overall...
IRS reminder: Final 2024 quarterly estimated tax payment due Jan. 15
WASHINGTON – The Internal Revenue Service today encouraged taxpayers who paid too little tax in 2024 to make a fourth quarter estimated tax payment on or before Jan. 15, 2025. Income taxes are pay-as-you-go, meaning taxpayers must pay most of their tax throughout the...
Essential tax tips for marriage status changes
A taxpayer’s filing status generally depends on their being married or unmarried on the last day of the year – which means that a taxpayer's marital status as of December 31, 2024, determines their tax filing options for all of 2024. For filing purposes, the IRS...