#irs
30 stories
VNQ Dividends Qualify for 20% Deduction
Three IRS rules determine how much of your VNQ dividends qualify for a 20% tax deduction.
24/7 Wall St. · 1m
Social Security Tax Withholding for New Retirees
Most new retirees face a $6,120 tax bill in April if they didn't file Form W-4V.
24/7 Wall St. · 1m
Dave Ramsey 401(k) Mistake
Dave Ramsey warns a 401(k) check mistake could cost thousands in taxes.
24/7 Wall St. · 1m
Tax Loss Carryforward Explained
A $140,000 stock loss from 2008 can only offset $3,000 yearly until it erases $110,000 of gain when selling a rental.
24/7 Wall St. · 1m
She'll Inherit $500,000 IRA at 54
Daughter plans to leave father's IRA untouched for 10 years despite IRS annual withdrawals.
24/7 Wall St. · 1m
Owe IRS Money You Can't Pay? Filing Cuts Penalty From 5% to 0.5%
Filing a tax return when you can't pay slashes monthly penalties from 5% to 0.5%.
24/7 Wall St. · 1m
IRS Tax-Free Retirement Income Types
Five retirement income sources the IRS doesn't tax.
Kiplinger · 2m
529 Plans and Tax Debt Relief
Parents face tax penalties when withdrawing college savings for non-educational needs.
Slate Magazine · 2m
Miss RMD Penalty Waiver Process
IRS waives 25% penalty for missed RMDs with two-paragraph letter.
24/7 Wall St. · 1m
45-Year-Old Inherits $1M IRA, IRS Owns Chunk
A 45-year-old inherits $1 million IRA but IRS already owns a chunk due to tax rules.
24/7 Wall St. · 1m
IRS Launches New Mobile App for Tax Access
IRS releases mobile app to expand secure tax services for taxpayers.
Pymnts · 1m
Meta Uses AI Data Centers to Save Billions in Taxes
Meta claims tax credits for AI data centers, saving billions while IRS investigates.
Futurism · 1m
9 Year-End Payroll Mistakes to Avoid
Software helps prevent payroll errors before tax season.
PCMAG · 1m
Her Husband Is 11 Years Younger, IRS Asks for Smaller RMD
Her husband is 11 years younger than her, and because his name is the only one on her beneficiary form, the IRS calculates a smaller required minimum distribution every year than her neighbor with the same balance.
24/7 Wall St. · 1m
Tax Preparers' Questions Answered
Tax experts clarify rules for clients and preparers.
Kiplinger · 1m
Fidelity Reveals 401(k) Balance Hits $155,800
Average 401(k) balance now $155,800, but $34,000 owed to IRS by tax deferral.
24/7 Wall St. · 1m
Retirees Can Avoid 25% IRS Penalty With IRA RMD Aggregation
Retirees can pull all required minimum distributions from one IRA while leaving others untouched, avoiding costly IRS penalties.
24/7 Wall St. · 1m
At 75 He Still Has a Paycheck and Skips RMDs
A 75-year-old worker can skip retirement distributions if they still earn a paycheck, but four hidden rules could trigger penalties.
24/7 Wall St. · 1m
IRS Lets 73-Year-Olds Skip RMDs on Current 401(k) but Not IRA
73-year-olds can skip retirement withdrawals from current employer's 401(k) but not IRA after rolling over old 401(k) into IRA
24/7 Wall St. · 1m
Parents Deed Rental Property Slices to Kids Tax-Free
Parents transfer rental property shares to kids yearly without gift tax, but hidden tax traps could cost heirs millions.
24/7 Wall St. · 1m
Widow Keeps IRA in Husband's Name for Decade-Long Tax Deferral
Widow retains IRA in deceased husband's name to delay tax withdrawals until he'd turned 73, avoiding 10% early distribution penalty.
24/7 Wall St. · 1m
Hide $210K in Your IRA From the IRS Until Age 85
A little-known tax strategy lets retirees shrink required withdrawals by locking money into an annuity, but the trade-offs are steep.
24/7 Wall St. · 2m
Your winning stock becomes a tax bomb at 73
Required IRA withdrawals force you to sell appreciated stocks and pay taxes, even if you'd rather hold forever.
24/7 Wall St. · 2m
IRS tax debt deals plummet 57% despite more applications
Fewer taxpayers are getting relief from the IRS offer in compromise program, even as more people apply for help.
CNBC · 3m
Tax deductions for charitable giving: what counts
GoFundMe gifts don't qualify, but new rules let non-itemizers deduct up to $1,000 in 2026.
Kiplinger · 1m
IRS targets trust strategies in major estate planning case
A Nashville family faces a $736 million tax bill after the IRS challenged their use of irrevocable trusts to pass wealth to heirs.
Kiplinger · 2m
Payroll software pays for itself
Manual payroll seems free, but hidden costs in time, errors, and penalties make automation the smarter investment.
PCMAG · 2m · 5 views
7 new tax brackets proposed for high earners
A policy proposal would double federal tax brackets to 14, adding seven new rates for the wealthiest Americans.
Kiplinger · 2m
How long to keep your old tax returns
A tax editor answers four reader questions, from shredding old records to why one big tax law now has two names.
Kiplinger · 2m
IRS Staff Cuts Leave Billions Uncollected
Deep workforce reductions at the tax agency mean more unpaid taxes are slipping through the cracks.
NPR · 1m · 5 views