IRS increases pension and retirement plan contribution limits for 2025
2025 contribution limit for 401(k) plans is $23,500, up from $23,000 in 2024. IRA contribution limit remains $7,000.
2025 contribution limit for 401(k) plans is $23,500, up from $23,000 in 2024. IRA contribution limit remains $7,000.
The IRS said funding from the Inflation Reduction Act has helped it go after wealthy taxpayers who failed to pay their tax bills.
The Internal Revenue Service plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade.
Millions of Americans filed their taxes during the last two weeks of this year's tax season. Here's how to find out when you'll get your refund.
A group of Republican senators and representatives said IRS officials violated "anti-gag" rules that protect federal employees.
After years of abject performance, the tax agency is finally making significant strides — no, really.
The average tax refund is shrinking this year, while more taxpayers owe money to the IRS.
Americans shell out billions of dollars to prepare and file their tax returns. Here's how to do it without spending a dime.
Differences in local tax rates across the U.S. can add up for those who live in certain states.
Early IRS data provides a peek at what to expect for the millions of Americans who have yet to file their taxes.
Tax experts and the IRS itself have warned about smaller refund checks this year due to expiring pandemic aid.
His legal team is going on the offensive, calling for state and federal investigations into the dissemination of material from his laptop.
Many tax benefits instituted during the pandemic have lapsed, which means some people could see smaller refunds.
Nation's tax collector says it has improved telephone service from last year, when just 1 in 10 calls were answered.
Under new IRS rule, anyone who earned more than $600 this year by selling things online or doing gig work could face tax hit.
The first round of advance Child Tax Credit payments went out to parents on July 15, but some payments have been delayed or were inaccurate.
The estate in July agreed to pay the IRS $388 million to settle the $2.8 billion claim, which was made in 2013.
The Internal Revenue Service says former "Little House on the Prairie" star Melissa Gilbert failed to pay more than $360,000 in federal income taxes.
Geared primarily towards low-to-middle income, working individuals and families, the Earned Income Tax Credit (EITC) is a federal benefit able to provide relief to those who meet specific criteria, by reducing the amount of tax owed and by increasing the amount of tax monies refunded, as determined after filing. Both single and married people can benefit from EITC, regardless of whether or not they have children or other dependents.
It's easy to make a mistake on your taxes, especially if you are a new business owner or running a small business. Before you file, dot your i's and cross your t's by making sure to use the correct tax forms.
A jury says the founder of Michigan-based Happy's Pizza was withholding too much dough from the IRS.
The estate of former Detroit Pistons owner Bill Davidson is challenging the government in U.S. Tax Court over billions of dollars claimed by the IRS.
Experts recommend using some type of guidance to navigate forms and maximize your returns.
The IRS expects 75 percent of all 2012 returns will get a refund, so if you haven't started preparing your taxes yet, do it.
Training AI takes a heavy toll on Kenyan workers, who say they earned $2 an hour to label and sift through gruesome content for American companies.
Michigan Humane is looking for fosters to give its dogs a much-needed break from the kennels.
Four people are recovering in the hospital following a rollover crash in Macomb County Friday night.
The Detroit Lions beat the Indianapolis Colts 24-6 on Sunday, extending their winning streak to nine games.
Chuck Woolery was inducted into the American TV Game Show Hall of Fame in 2007 and earned a daytime Emmy nomination in 1978.
The Detroit Lions beat the Indianapolis Colts 24-6 on Sunday, extending their winning streak to nine games.
A 71-year-old Oakland County woman has been convicted for her role in a health care kickback scheme that costed Medicare $1.4 million, according to the U.S. Department of Justice.
Training AI takes a heavy toll on Kenyan workers, who say they earned $2 an hour to label and sift through gruesome content for American companies.
Michigan Humane is looking for fosters to give its dogs a much-needed break from the kennels.
A 38-year-old woman is facing felony charges after authorities in St. Clair County seized over 80 grams of methamphetamine and other drugs.
Local UAW members claim Stellantis is to blame for roughly 4,000 layoffs this fall, not poor market conditions.
Ford said Wednesday most of the job cuts would come in Germany and would be carried out in consultation with employee representatives.
On average, a 15-gallon tank of gas will cost Michiganders $46, which is $12 less than what they were paying from 2023's highest price in August.
General Motors announced Friday it was laying off nearly 1,000 salaried workers worldwide.
General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market.
Chuck Woolery was inducted into the American TV Game Show Hall of Fame in 2007 and earned a daytime Emmy nomination in 1978.
Cynthia Erivo, Ariana Grande, AMC and fans react to the debate over in-theater singing during "Wicked."
The 10-day event will feature Racing Day presented by the Detroit Grand Prix on Jan. 17, 2025.
Downtown Detroit will begin to be a lot brighter just in time for the Christmas season.
Tickets go on sale to the general public via Ticketmaster on Tuesday, Nov. 26.
Chuck Woolery was inducted into the American TV Game Show Hall of Fame in 2007 and earned a daytime Emmy nomination in 1978.
Tortilla strips sold in grocery stores across the U.S. have been recalled due to concerns about an undeclared wheat allergen.
Democrats say they're concerned or scared Trump will threaten their rights, but fewer than half feel motivated to oppose him.
Car dealers will inspect and replace the control unit and a fuse if needed, as well as update software.
Cynthia Erivo, Ariana Grande, AMC and fans react to the debate over in-theater singing during "Wicked."
The school district introduced therapy dogs two years ago, and things have gone so well that it decided to add six more dogs.
Lattes and other espresso-based drinks may not be available at some McDonald's restaurants due to a glitch with coffee machines.
CDC data shows rates of Mycoplasma pneumoniae have surged in babies.
A WARN notice says that an agreement between the hospital and the Secretary of Health and Human Services would be terminated because the hospital was not in compliance with some of the Medicare Conditions of Participation.
A number of homes in parts of Metro Detroit are seeing elevated levels of lead in their drinking water, according to officials.
The Detroit Lions beat the Indianapolis Colts 24-6 on Sunday, extending their winning streak to nine games.
Franz Wagner had 30 points, nine rebounds and eight assists, and the Orlando Magic beat the Detroit Pistons 111-100 for their eighth win in nine games.
A goal by the Bruins' Brad Marchand midway through the third period proved to be enough for Boston to beat the Detroit Red Wings 2-1 Saturday night.
Kalel Mullings ran for 92 yards and a career-high three touchdowns, leading Michigan to a 50-6 win over Northwestern on Saturday to make the defending national champions eligible for a bowl.
Ten days ago, former Red Wings great Pavel Datsyuk was inducted into the Hockey Hall of Fame, and on Thursday, Detroit honored the man nicknamed the "Magic Man."
Hackel, the former Macomb County Sheriff, said the results of the 2024 contest are giving him more confidence than ever that he has the right stuff and resumé to be governor.
How did the Democrats lose so many races at once?
In Michigan, the Democrats have control of the governor's mansion and both state houses.
In Michigan, the Democrats now have control of the governor's mansion and both state houses.
Both party chairs also talked about the ground game as each looks for independent voters and those who haven't voted in a while they hope to inspire to show up on Nov. 5.
Meteorologist Kylee Miller says there may be some rain showers for travelers heading to their Thanksgiving destination on Thursday.
The home of Edsel Ford, the only child of Henry Ford, is being shown to the public, complete with holiday decorations throughout the property.
Michigan Humane is looking for fosters to give its dogs a much-needed break from the kennels through its Canine Sleepover Program.
Millions will travel this week for Thanksgiving, but forecasted storms in different parts of the U.S. may cause some delays.
Jahmyr Gibbs rushed for two scores and David Montgomery added a third touchdown run Sunday, leading the Detroit Lions to a 24-6 victory at the Indianapolis Colts.