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.
American Airlines says its systems are restored after a software outage preventing weight and balance calculations grounded all flights nationwide.
The fire was ignited when an engine start,ed DFC says.
Check with your South Florida stores to confirm their specific holiday hours to ensure a smooth shopping experience.
A tenant was cooking a pork shoulder for Nochebuena.
Former President Bill Clinton was released from a hospital in Washington. D.C., on Christmas Eve, following an overnight stay for treatment of a fever and flu.
The fire was ignited when an engine start, DFC says.
A tenant was cooking a pork shoulder for Nochebuena.
American Airlines says its systems are restored after a software outage preventing weight and balance calculations grounded all flights nationwide.
Former President Bill Clinton was released from a hospital in Washington. D.C., on Christmas Eve, following an overnight stay for treatment of a fever and flu.
From merry lights to holiday yard decorations, we want to see what you've got.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
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.
Former President Bill Clinton was released from a hospital in Washington. D.C., on Christmas Eve, following an overnight stay for treatment of a fever and flu.
The House Ethics Committee released its highly anticipated report on former Rep. Matt Gaetz, detailing allegations of sexual misconduct, drug use and obstruction. He denies wrongdoing.
President Biden is granting clemency to 37 of the 40 federal inmates facing death sentences. Their sentences will be commuted to life in prison without the possibility of parole.
A report by the House Ethics Committee found former Rep. Matt Gaetz paid multiple women, including a 17-year-old girl, for sex.
Brian McCormack, a longtime energy consultant, and Andrew Peek, a seasoned Middle East adviser, will take senior roles on the NSC, according to people familiar with the matter.
Jim talks with Rep. Anna Eskamani about how state Democrats may need to pivot to local races to gain any momentum in Florida.
Jim talks to Congressman Chip LaMarca about condo assessments in South Florida.
Jim talks to Karla Hernandez-Mats, the President of the United Teachers of Dade, about the special election vote held among teachers which soundly defeated efforts of The Freedom Foundation, a right-wing think tank, to decertify the county's teachers union.
Jim talks to Karla Hernandez-Mats, the President of the United Teachers of Dade, about the special election vote held among teachers which soundly defeated efforts of The Freedom Foundation, a right-wing think tank, to decertify the county's teachers union.
Jim keeps the theme of the week going with longtime political reporter Marc Caputo.
A Chicago man was stuck with a big medical bill after undergoing a colonoscopy that found no evidence of cancer. Here's why.
Some 13 oz. bags of Lay's Classic Potato Chips may contain an undeclared allergen, according to the snack company.
Republicans wants to extend 2017 tax cuts that expire next year and could let ACA subsidies lapse to help pay the tab, according to analysts.
Aaron Siri, an attorney to Robert F. Kennedy Jr., petitioned the FDA to "withdraw or suspend" its approval of a polio vaccine.
The FDA's top food official says the safety of the dye called Red 40 hasn't been assessed in over a decade, despite concerns over its potential behavioral health effects.
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
The lawsuit lays out Blake Lively's allegations against Justin Baldoni during their time working on "It Ends with Us."
Among the 25 films selected by the Library of Congress to be preserved for future generations are the Coen Brothers' "No Country for Old Men," "The Social Network," Cheech & Chong's "Up in Smoke," and "The Texas Chainsaw Massacre."
Supreme Court Justice Ketanji Brown Jackson made her Broadway debut Saturday night in a one-time performance in the hit musical comedy "& Juliet."
Fan-captured video from Saturday's performance showed Wilson hyping Scott on stage to deliver his 2023 hit song "FE!N" in front of thousands of festivalgoers.
A spokesperson for Foxx said that he had to get stitches after he was hit in the face by a glass thrown from someone else in the restaurant.