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The Latest Breaking News from IRS

IRS delays new online sellers’ tax reporting threshold - Roll Call

The IRS is postponing a lower threshold for reporting online sales and gig work by another year until 2024.

Roll Call

Americans Are Still Fleeing High-Tax States

Lower taxes create opportunities that draw even those not consciously considering tax rates.

Reason

What's the 2024 Estate Tax Exemption?

The estate tax exemption amount increased for 2024. Will your heirs escape a tax bill?

Kiplinger

From analysis to the latest developments in health,
read the most diverse news in one place.

Senate Democrats stop GOP 'sneak attack' on House-passed Israel aid and IRS cut bill - Roll Call

A GOP senator staged what he described as a "sneak attack" to force a vote on a House-passed Israel aid bill that includes cuts to the IRS.

Roll Call

Child Tax Credit: How Much Is It for 2024?

What family tax credits and deductions will you qualify for in 2024? And how much are they worth?

Kiplinger

Republicans once again appeal to the rich in bid to cut IRS funds

This proposal to cut funds aimed at catching tax cheats echoes the Trump-Republican tax cuts that included the largest corporate tax cut in U.S. history, a suburban writer points out.

Chicago Sun-Times

Delaware Statutory Trust: A Viable Alternative to Debt Replacement

Using a DST would not only meet the debt replacement requirement in a 1031 exchange, but the DST could also help the investor diversify their portfolio.

Kiplinger

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What Are the FSA Contribution Limits for 2024?

Flexible spending account (FSA) contribution limits for 2024 are higher than last year.

Kiplinger

Trump and SBF blamed their accountants – but your taxes are your responsibility

We business owners can’t just shrug and say it’s the accountant’s job – it’s our signature on those forms

The Guardian - US

Cash Balance Plans: Big Deductions and Big Retirement Savings

With the IRS focusing more on high-net-worth taxpayers, is it time for business owners to consider implementing cash balance plans?

Kiplinger

2024 Standard Deduction Amounts Are Here

What will the standard deduction for your filing status be in 2024?

Kiplinger

Income Tax Brackets for 2024 Are Set

The IRS has adjusted federal income tax bracket ranges for the 2024 tax year to account for inflation.

Kiplinger

Tax Breaks for Veterans: Retirement Pay, Disability and State Tax Exemptions to Know

Veterans may be eligible for certain federal and state tax benefits.

Kiplinger

The Extra Standard Deduction for People Age 65 and Older

The extra standard deduction can help older adults reduce their taxable income.

Kiplinger

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The Independent UK

The IRS plan to let taxpayers digitally submit documents is ahead of schedule, Janet Yellen says

Taxpayers will be able to digitally submit all sorts of tax documents and other communications to the IRS months earlier than originally planned

The Texas Tribune

U.S. Rep. Michael McCaul dismisses House GOP Israel package as going nowhere

The bill is among the first major legislative packages by House Speaker Mike Johnson and has faced criticism for tying the aid to a cut to the IRS.

Cinemablend

The Story Behind Will Smith Landing The Fresh Prince of Bel-Air, And How Quincy Jones Was Involved

Let's discuss the wild story behind Will Smith landing The Fresh Prince of Bel-Air and how Quincy Jones was involved.

Reason

Battle Lines Drawn

Plus: House GOP defies White House on Israel funding, Gaza City surrounded, SBF guilty, Republican under indictment seeks reelection

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The Guardian - US

Democrats grow nervous over Israel’s conduct in Gaza as Senate leader vows not to consider House security bill – as it happened

Republican-passed bill also faces Biden veto threat as more Democrats call for ceasefire

The Independent UK

House passes $14bn aid package for Israel in exchange for spending cuts

But the White House has said it will veto the ‘partisan’ House proposal

Ballotpedia

Donor Privacy and Disclosure Digest: November 2023

Welcome to Ballotpedia’s Donor Privacy and Disclosure Digest! This month’s issue will be our second-to-last edition. Our final edition will arrive on Dec. 7.

Roll Call

Johnson: House GOP looking at new twist to stopgap funds fight - Roll Call

The speaker raised the prospect of extending appropriations for different time periods, effectively setting up a series of funding cliffs.

Kiplinger

Max Your 401(k) Contributions Now Before the Deadline

Year-end is the deadline for making max 401(k) contributions that can increase your savings for retirement and help lower your tax bill.

Salon

GOP IRS cut for Israel increases deficit

"Republicans never miss a chance to protect their billionaire donors," said Sen. Sheldon Whitehouse, D-R.I.

The Independent UK

House speaker lays out conditions for Republicans to support Ukraine aid

Mike Johnson says that Ukraine aid must be coupled with security for the US-Mexico border

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