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Tag: IRS

IRS unveils 2025 income tax brackets: Where do you fall?

(NEXSTAR) — It’s official: 2025 will be the year millions of Americans earn more take-home pay with each paycheck thanks to the latest tax code inflation adjustments The IRS announced on tuesday. More than 60 tax provisions will change, all of which will impact the 2025 tax year. This means it won't apply until you […]

IRS has announced its new 2025 tax brackets. Here's what to know. – CBS News

Harris and Trump push to increase child tax credit Harris and Trump both push for higher child tax credit 02:43 The IRS on Tuesday announced In 2025, a new tax system adjusted for inflation will be applied, and the annual income standard will rise by approximately 2.8% from 2024, which is the smallest increase in […]

IRS announces bigger estate and gift tax exemption for 2025 – CNBC

The Internal Revenue Service announced increases in inheritance and gift tax exemptions for 2025. “Basic deduction amount” Increased to $13.99 million The agency announced Tuesday that the amount will increase from $13.61 million per person in 2024 to $13.61 million in 2025. This exemption applies to tax-free transfers during life and at death. The IRS […]

FACT CHECK: Did the IRS Endorse Kamala Harris?

A post circulating on social media claims that the Internal Revenue Service (IRS) has officially endorsed Vice President Kamala Harris in the 2024 election. The IRS sided with Kamaaara! Hmm 🤔 I don't think this is good. you? 🤣🤣🤣🤣🤣 pic.twitter.com/msJ8M6y5Q0 — 🇺🇸Kimmy🇺🇸 (@kimmagagal2) September 21, 2024 Verdict: Misleading The IRS cannot endorse presidential candidates. The […]

IRS extends tax filing deadline for hurricane victims

The Internal Revenue Service (IRS) told taxpayers on Friday that victims of Hurricanes Helen and Milton can expect various forms of tax relief, including extensions to file tax returns and assistance with emergency retirement plan withdrawals. I told you. Residents of hurricane-affected states that had their 2023 filing deadline extended can now file until May […]

Millions of dollars in IRS refund checks sent through mail are being stolen

Checks have not been mailed. Taxpayers who chose to have their IRS refunds mailed to their homes say their checks never arrived and were stolen as part of a massive multi-million dollar fraud, according to the report. More than 200 taxpayers who were expecting refund checks ranging from a few hundred dollars to up to […]

IRS Whistleblower SUES Hunter Biden’s lawyer for $20 MILLION

In corrupt governments like ours, it can sometimes seem like the “good guys” never win and the “bad guys” always escape unscathed. However, there is a silver lining. When IRS investigator-turned-whistleblower Gary Shapley accused the IRS of covering up Hunter Biden's tax crimes, he was initially “vilified and really devastated.” But now things have turned […]

IRS tax bracket 2025: Here’s what to expect from new tax brackets – AL.com

Federal income tax rates are expected to increase in 2025, but at a lower rate than in previous years, according to reports. According to , your tax bracket for the 2025 tax year may be adjusted upward by 2.8%. CBS News, cited an analysis by Bloomberg Tax. The change would be the smallest inflation adjustment […]