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https://www.irs.gov/newsroom/save-for-retirement-now-get-a-tax-credit-later-savers-credit-can-help-low-and-moderate-income-taxpayers-save-more-in-2025 Save for retirement now, get a tax credit later
The IRS reminds low- and moderate-income taxpayers that they can save for retirement now and possibly earn a tax credit in 2025 and future years. The Saver’s Credit helps taxpayers offset a portion of the first $2,000 ($4,000 if married filing jointly) they voluntarily contribute to Individual Retirement Arrangements (IRAs), 401(k) plans and similar workplace retirement programs. Issue Number: IR-2024-300 IRS warns of holiday scams, encourages protecting sensitive personal information as 9th annual National Tax Security Awareness Week starts
WASHINGTON — As the nation's tax season approaches, the Internal Revenue Service is reminding people of simple steps they can take now to prepare to file their 2024 federal taxes. Go to https://www.irs.gov/individuals/get-ready-to-file-your-taxes National Tax Security Awareness Week starts Dec. 2
The IRS, state tax agencies and the nation’s tax industry are partnering again for the 9th annual National Tax Security Awareness Week, running from December 2-6, 2024. This annual event emphasizes the importance of protecting sensitive financial information from identity theft and tax scams, especially as the holidays and the 2025 tax season approach. Reduced refund delays for individuals with duplicate dependent returns. Go To https://www.irs.gov/newsroom/irs-takes-steps-to-help-prevent-refund-delays-by-accepting-duplicate-dependent-returns-with-an-ip-pin-for-2025-filing-season-taxpayers-encouraged-to-sign-up-soon-for-ip-pin-online-account
The IRS is making it easier for taxpayers to protect their information and avoid refund delays by accepting certain e-filed tax returns that claim dependents who have already been claimed on another taxpayer’s return. Reminder for eligible IRA owners
Individual retirement arrangement (IRA) owners age 70½ and older can make up to $105,000 in tax-free charitable donations during 2024 through qualified charitable distributions. That’s up from $100,000 in past years. For those age 73 or older, qualified charitable distributions (QCDs) also count toward the year's required minimum distribution (RMD). Go to: https://www.irs.gov/newsroom/give-more-tax-free-eligible-ira-owners-can-donate-up-to-105000-to-charity-in-2024 News From Around the Nation Go to: https://www.irs.gov/newsroom/around-the-nation Recognize Tax Scams and Frauds Go to: https://www.irs.gov/help/tax-scams/recognize-tax-scams-and-fraud
Tax Resolution Philadelphia
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