IRS

Stories 1 - 20 |  Next >>

6K IRS Employees Are Getting the Boot

DOGE-driven layoffs to begin Thursday

(Newser) - About 6% of employees at the Internal Revenue Service are reportedly to be laid off. After the Biden administration's attempts to improve services at the agency with new staff, the Trump administration has ordered the firing of 6,000 of its 100,000 employees, including recent hires, sources tell...

Musk's Team May Get Access to Personal Taxpayer Data

DOGE is digging deeper into the IRS

(Newser) - Elon Musk's DOGE team may soon get access to the personal tax records of millions of Americans, reports the Washington Post . A representative from the Department of Government Efficiency is requesting access to the Integrated Data Retrieval System, which the newspaper describes as "heavily guarded" and controls access...

Big Layoffs Expected at IRS Amid Tax Season

Elon Musk's DOGE has been looking at the agency

(Newser) - Last week, a representative of Elon Musk's Department of Government Efficiency arrived at IRS headquarters in DC. What now? The agency will lay off thousands of probationary workers in the middle of tax season, the AP reports, quoting two sources familiar with the plan. The New York Times also...

DOGE Arrives at the IRS
DOGE Arrives at the IRS
Feb 14, 2025 7:54 AM CST

DOGE Arrives at the IRS

With tax season in full swing, agency 'will be looked at like everybody else,' says Trump

(Newser) - A top DOGE aide turned up at the Internal Revenue Service on Thursday, showing no department is safe from the Trump administration's efforts to make severe cuts. DOGE's Gavin Kliger met with senior executives at IRS headquarters in Washington to scrutinize the agency "even as the ongoing...

IRS Sending Up to $1.4K to 1M People
The IRS Might Be
Sending You $1.4K
Dec 21, 2024 11:00 AM CST

The IRS Might Be Sending You $1.4K

Agency is making amends for missing stimulus checks from the pandemic

(Newser) - The IRS announced Friday that it will distribute $2.4 billion in "special payments" to 1 million people who missed out on federal stimulus checks during the COVID-19 pandemic. The payments, which can be up to $1,400 per recipient, are part of the agency's effort to ensure...

Here's What You Can Put Toward Retirement in 2025

IRS releases annual cost-of-living adjustments, including updates on contributions to 401(k)s, IRAs

(Newser) - The IRS is out with its annual cost-of-living tweaks, including increases in how much Americans can inject into their pension plans and retirement accounts. The details, per the AP :
  • 401(k), 403(b), federal Thrift Savings Plan, most 427 plans: In 2025, individuals will be able to contribute up to $23,500
...

Here's How Your Taxes Will Change in 2025

New tax brackets, standard deductions announced by the IRS

(Newser) - US taxpayers got a sense of how their tax bill will change for 2025 on Tuesday, when the IRS announced its annual inflation adjustment for that tax year. The Wall Street Journal reports it was a roughly 2.8% tweak. How that shakes out:
  • Single taxpayers and married individuals
...

When Hostages Return Home, the Tax Man Greets Them

Sen. Chris Coons makes his case to get them some relief in a Wall Street Journal essay

(Newser) - The thing about being held hostage in a foreign land is that it's challenging to pay your taxes. You know who doesn't care about that inconvenience? The IRS. As Democratic Sen. Chris Coons writes in a Wall Street Journal op-ed, American journalist Jason Rezaian got hit with back...

For This Billionaire, a Rare Apology From the IRS

Agency says it's sorry to hedge fund manager Ken Griffin for tax record leak

(Newser) - When former IRS contractor Charles Littlejohn leaked tax records to the ProPublica media outlet for an article on how affluent Americans tried to keep their taxes low, billionaire Ken Griffin's records were among them. Now, the government agency has issued what CBS News calls a "rare apology" for...

IRS Makes Free Tax-Return Program Permanent

Agency wants all states to join in after pilot program on e-filing

(Newser) - The IRS said Thursday it will make permanent the free electronic tax-return filing system that it experimented with this year and is asking all 50 states and the District of Columbia to help taxpayers file their returns through the program in 2025, per the AP :
  • The pilot: The IRS tried
...

After IRS Audit, Trump Could Owe $100M

Accounting maneuver essentially took write-offs for losses twice

(Newser) - Donald Trump's tower in Chicago has already lost a lot of money, partly because of cost overruns and partly because it opened during the Great Recession, in 2009. Trump could have another big bill for the tower coming. According to an Internal Revenue Service inquiry, Trump employed a shaky...

IRS Commish to Rich Tax Cheats: Pay Up

Danny Werfel says agency is taking new measures to make sure everyone pays their fair share

(Newser) - IRS Commissioner Danny Werfel has a message for high-wealth tax cheats who are shorting the government: Pay your fair share so "others aren't shouldering the burden of funding our government." Werfel, who hits the one-year mark at the helm of the IRS this month, said in a...

IRS Is Waiving $1B in Late-Payment Penalties

Move applies to people, businesses who failed to pay back taxes up to $100K in 2020, 2021

(Newser) - The IRS said Tuesday it is going to waive penalty fees for people who failed to pay back taxes that total less than $100,000 per year for tax years 2020 and 2021. Nearly 5 million people, businesses, and tax-exempt organizations—most making under $400,000 per year—will be...

Hunter Biden Sues the IRS Over Tax Reveals

Complaint by president's son alleges 2 whistleblower agents violated his privacy

(Newser) - Just days after Hunter Biden was indicted on federal firearms charges, the president's son is pushing back on separate allegations about his taxes with a lawsuit against the IRS. The AP reports that Biden filed his complaint Monday, accusing two whistleblower IRS agents, Gary Shapley and Joseph Ziegler, of...

IRS Agents Will Stop Surprise Home Visits

Agency says it will stop long practice of paying delinquent taxpayers unannounced visits

(Newser) - The IRS is putting an end to an unpopular practice: showing up unannounced at the homes of delinquent taxpayers. IRS chief Danny Werfel said Monday the agency will end the decades-long policy of sending agents out on such visits in an attempt to collect money, reports the New York Times ...

IRS Whistleblower in Biden Probe Emerges From the Shadows

Gary Shapley tells CBS that DOJ 'slow-walked' probe into Hunter Biden's taxes

(Newser) - News organizations have already determined that an investigation at the center of an IRS whistleblower's allegations involves President Biden's son. Now, we know the name of that whistleblower. In an exclusive interview with CBS News , Gary Shapley, a supervisory special agent with the IRS' criminal investigations arm, tells...

It's Prison for Dad, Son Whose Lottery 'Luck' Was a Scam

Ali and Yousef Jaafar illegally cashed 14K tickets over 9 years

(Newser) - A father and son in Massachusetts will spend years in prison for a decade-long lottery scam that saw them claim $20 million in winnings from 14,000 tickets, illegally obtained from the true winners. Authorities are calling it "an elaborate tax fraud" that ensnared not only the father and...

IRS to Test Free E-File Tax System Amid Pushback
IRS E-File Test Has the Likes
of TurboTax Very Unhappy
the rundown
May 17, 2023 10:35 AM CDT

IRS E-File Test Has the Likes of TurboTax Very Unhappy

Officials say it could save taxpayers billions, tax-prep companies say the opposite

(Newser) - Americans will soon be able to file electronic tax returns directly to the government—something residents of dozens of other countries have long been able to do. Congress approved $15 million in funding to study the possibility of a direct e-file system last year. Now, the IRS has announced a...

Attorneys: DOJ Made 'Retaliatory' Move in Hunter Biden Case

Attorneys for IRS whistleblower say they've been taken off investigation into president's son

(Newser) - An IRS whistleblower said to have eyebrow-raising information on a "sensitive" investigation into a "high-profile, controversial subject" that's been going on since 2018 now says they've been removed from that inquiry, as has their "entire investigative team." The subject in question: Hunter Biden, per...

IRS Announces Record Boost for 401(k) Infusions

For 2023, you can deposit $22,500 to qualified retirement plans—up to $30K for those 50 and over

(Newser) - Good news for those who want to pump more money into their retirement savings: The IRS just raised the contribution limit on 401(k) plans for 2023, as well as for similar tax-deferred plans for public education workers, federal and state employees, and those who work for tax-exempt groups. That new...

Stories 1 - 20 |  Next >>
Most Read on Newser