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.
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2025 contribution limit for 401(k) plans is $23,500, up from $23,000 in 2024. IRA contribution limit remains $7,000.
Millions of Americans could owe money to the IRS on June 17, with fines for missing payment on the rise.
The IRS says tax revenues will rise by as much as $561 billion over the next decade due to funding from the Inflation Reduction Act.
Americans shell out billions of dollars to prepare and file their tax returns. Here's how to do it without spending a dime.
Tax experts and the IRS itself have warned about smaller refund checks this year due to expiring pandemic aid.
Several popular tax breaks have changed since you filed your 2021 return
The IRS is now accepting 2022 federal tax income returns.
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.
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.
With no end in sight to the government shutdown, demonstrators took to the streets in South Florida Thursday demanding an end to the impasse.
Terrence Howard agreed to a 2012 divorce settlement with his ex-wife after she threatened to leak details about his sex life, his attorney said Tuesday at a hearing on the actor's efforts to overturn the agreement.
A South Florida man who told the FBI his name is "Squirrel" is charged with threatening to blow up the Internal Revenue Service building in Miami.
Fourty-two people in South Florida are facing federal charges in connection to a $21 million identity theft-fraud scheme.
A former executive at Swiss bank UBS AG, who was a part of tax evasion scheme using secret accounts, pleaded guilty to a conspiracy charge.
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.
With one month to go before "tax day", taxpayers have more to worry about than getting their return filed on time—including a shortage of workers at the IRS could slow down getting that much-needed refund. Jim flushes out the role politics plays with the IRS with a local professor. Jim also looks at a free way people in South Florida can help avoid becoming a tax identity theft victim, at a time when tax refund thefts have never been higher.
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.
The deadline to file taxes is right around the bend.
The Internal Revenue Service, IRS, has sent out a warning; scammers are out there this tax season capitalizing on the vulnerability of tax payers and their fears of the IRS.
Fourteen students and former students of Miami Dade College were arrested in connection to a stolen identity tax refund fraud scheme. Accounts used by South Florida college students to receive financial aid were used in the scheme.
A federal jury acquitted a former top Swiss banking executive of U.S. charges that he conspired with wealthy Americans to hide $20 billion in secret accounts from the Internal Revenue Service.
An 83-year old Florida man plead guilty to federal charges for conspiring to stash more than $ 1 million from the Internal Revenue Service.
A man from Jamaica is behind bars for running a lottery scam which targeted elderly people.
ix people were charged with conspiracy to defraud the government.
Intense competition for voters' attention at early voting polls spilled over into arguments among campaign workers in Broward County.
A South Florida doctor has been arrested and is facing serious charges related to drug trafficking.
Miami-Dade Fire Rescue confirmed Friday that three employees have resigned after the son of a Miami-Dade firefighter died during a training exercise.
Cityofficials claim the lower lobby lights, the interior plant and the wine room are just several things were upgraded or installed without a permit.
For months, we've been flooded with political ads and some tough campaigning. It's all about to come to an end.
Intense competition for voters' attention at early voting polls spilled over into arguments among campaign workers in Broward County.
A South Florida doctor has been arrested and is facing serious charges related to drug trafficking.
Miami-Dade Fire Rescue confirmed Friday that three employees have resigned after the son of a Miami-Dade firefighter died during a training exercise.
Here are some key things to know before voting in the 2024 election, including what's on the ballot and what a sample ballot looks like.
Families are going together, some even voted for the first time.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
The American Automobile Association said this is a dangerous time of year for young drivers.
Florida insurance companies made money last year for the first time in seven years.
The U.S. Supreme Court is scheduled Sept. 26 to discuss whether it will hear a First Amendment challenge to a 2021 Florida law that placed restrictions on major social-media companies.
2025 contribution limit for 401(k) plans is $23,500, up from $23,000 in 2024. IRA contribution limit remains $7,000.
Former President Donald Trump went after former GOP Rep. Liz Cheney of Wyoming during a campaign event with conservative personality Tucker Carlson.
This month's report reflects a lot of noise due to hurricanes, Boeing machinists strike.
Some voters may wish to only vote in some races. Here's what happens if you leave fields blank.
Walz recorded the interview with Colbert Thursday in Bucks County, Pennsylvania, underscoring the Harris campaign's focus on the battleground state in the 2024 election.
Jim sits down with key stakeholders in some of Florida's most contentious ballot initiatives.
Jim DeFede speaks to two individuals on both sides of legalizing recreation marijuana with Amendment 3.
Republican Rosanna Cordero-Stutz and Democrat James Reyes faced off for a debate as Miami-Dade's sheriff.
Jim DeFede spoke to women who were not allowed to have an abortion in Florida.
Jim goes one-on-one with Dr. Grazie Christie, a radiologist who is opposed to Amendment 4 on the right to abortion.
The manufacturer of tumblers sold at Wawa stores says it has received four reports of cuts from the product's metal drinking straws.
Recalled products were sent to distributors in 35 states and sold on Amazon, Dynarex said in notice posted by FDA.
Some pathogens that contaminate food are even showing up in the U.S. for the first time thanks to climate change.
At Memorial Healthcare System, the innovative Aquablation procedure is changing the landscape of enlarged prostate treatment.
McDonald's says Quarter Pounders will be back on the menu at hundreds of its restaurants after testing ruled out beef patties as the source of an E. coli outbreak.
These gifts from Stanley, Apple, AllTrails and more won't bust your budget.
From top-rated smart mugs to cold brew starter kits, we've rounded up the coffee lover presents to gift this Christmas.
Just in time for the holiday season, Nintendo has released Nintendo Switch bundles and special editions.
For that authentic grilling experience, you can't beat a charcoal grill. We've rounded up the best grill options.
Discover the best tech gifts during the 2024 holiday season that your friends and loved ones will absolutely adore.
Miami-Dade is considering four possible sites, including two that are 2 miles or less from the city of Miramar.
A viral TikTok recipe that includes melting Jolly Ranchers landed a 9-year-old in the hospital with severe burns.
The American Automobile Association said this is a dangerous time of year for young drivers.
A string of recalls connected to Wisconsin-based supplier Schreiber Foods has now extended to Aldi stores after similar recalls at Hy-Vee and other grocery chains.
There are two sales tax holidays for hurricane supplies
Rapper Young Thug, whose given name is Jeffery Williams, pleaded guilty Thursday to gang, drug and gun charges.
Reggaeton artist Nicky Jam on Wednesday revoked his endorsement of Donald Trump, after Tony Hinchcliffe's rally joke calling Puerto Rico "garbage."
A benefit raising money for relief and recovery efforts in the wake of Hurricanes Helene and Milton will be broadcast Saturday night.
Teri Garr rose from being a background dancer in Elvis Presley movies to co-star in such favorites as "Young Frankenstein" and "Tootsie."
Tourism officials on Florida's Gulf Coast say one of the ways concerned people can help the area recover is to visit as tourists.