IRS May 29, 2026
IRS Increases Health Savings Account Limits for 2027
The IRS on Friday released its annual inflation-adjusted amounts for health savings accounts for calendar-year 2027, with across-the-board increases.
Taxes January 15, 2025
Treasury, IRS List Qualifying Technologies for Clean Electricity Tax Credits
The Treasury Department and the IRS on Jan. 15 published the first Annual Table that provides greenhouse gas emissions rates for certain types or categories of facilities that are eligible for the Clean Electricity Production Tax Credit and the Clean Electricity Investment Tax Credit.
Taxes January 15, 2025
IRS Proposes Regs, Draft Form for Corporate Separations and Reorganizations
The Treasury Department and the IRS on Monday released proposed regulations for corporate separations and reorganizations, as well as reporting requirements for multiyear corporate separations and a draft version of new Form 7216.
Taxes January 15, 2025
IRS and Treasury Department Float New Rules for Qualified Commercial Clean Vehicle Tax Credit
Under Section 45W of the tax code, the credit may be claimed by purchasing and placing in service qualified commercial clean vehicles, including certain battery electric vehicles, plug-in hybrid EVs, fuel cell EVs, and plug-in hybrid fuel cell EVs.
Taxes January 15, 2025
IRS, Treasury Lay Out Guidance on Clean Fuels Production Credit
Section 45Z of the tax code provides a tax credit for the production of transportation fuels with lifecycle greenhouse gas emissions below certain levels. The credit is in effect in 2025 and is for sustainable aviation fuel and non-SAF transportation fuels.
Payroll January 15, 2025
7 Ways Gen Xers Can Turbocharge Retirement Savings Before It’s Too Late
The first edge of Gen X, which ranges in age from 44 to 59, is on the cusp of retirement, and they still have time and a handful of strategies to significantly improve their savings and retirement.
Taxes January 15, 2025
IRS, Treasury Final Rules Classify Partnership Basis Shifting Transactions as ‘Transactions of Interest’
Last June, the Treasury Department and the IRS proposed new guidance aimed at stopping the use of basis shifting—transactions where an individual or business moves assets to a related party to avoid paying taxes.
Taxes January 14, 2025
IRS and Treasury Department Propose Regs on New Roth Catch-Up Rule, 401(k) Auto Enrollment
The proposed regulations address several SECURE 2.0 Act provisions, including ones aimed at the new Roth IRA catch-up rule and the new automatic enrollment requirement for 401(k) and 403(b) plans.
Taxes January 14, 2025
IRS, Treasury Publish Final Rules for Low-Income Communities Bonus Credit
The Section 48E(h) program expands the 48(e) bonus credit and promotes cost-saving clean energy investments in low-income communities, on Indian land, or as part of affordable housing developments and aims to benefit low-income households.
Taxes January 14, 2025
IRS, Treasury Release Final Rules for Clean Electricity Tax Credits
The Clean Electricity Investment and Production Tax Credits—also known as the "technology-neutral credits"—are intended to encourage more investments in clean energy systems over the next few years.
Taxes January 13, 2025
The Top 10 IRS Criminal Cases of 2024
The IRS says the defendants in these cases committed millions of dollars in fraudulent activity, duped investors into believing they were going to strike it rich and tried to funnel money to terrorist organizations.
Taxes January 13, 2025
California Joins IRS By Moving Tax Filing Deadline to Oct. 15 for Los Angeles County Residents
The tax deadline change, permitted under presidential disaster declarations, is similar to those in previous years when flooding or wildfires hindered residents and business owners suffering from property loss or damages.
Taxes January 13, 2025
SALT Deduction Cap Talks with Trump ‘Positive,’ Lawmakers Say
The main focus of the face-to-face meeting was the $10,000 cap on the so-called SALT deduction that was a signature feature of Trump’s 2017 tax cut bill, set to expire for tax years after 2025. The group wants to see the cap raised or even eliminated.