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.
The IRS has adjusted tax brackets and dozens of other provisions for inflation. Here's how that will impact your taxes.
The IRS adjusts its tax brackets and other provisions each year for inflation. Here's what experts say to expect in 2025.
The IRS said funding from the Inflation Reduction Act has helped it go after wealthy taxpayers who failed to pay their tax bills.
The IRS says its push to step up audits on wealthy tax cheats is paying off, with the agency recovering more than $1 billion.
The IRS said it "sincerely apologizes" to billionaire hedge fund manager Ken Griffin and thousands of other Americans whose tax data was leaked.
Scammers are asking businesses to fill out Form 9710 and include a fee to "correct the error," but this form doesn't exist.
The Internal Revenue Service plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade.
The IRS is tapping Inflation Reduction Act funding to hire more agents and go after more tax cheats. Here's where it is focusing.
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.
After passing easily in the House, a bill that would have expanded the CTC is stalled in the Senate. Here's what to know.
If you're one of the millions of taxpayers who delay their taxes, it's easy to get an extension to October 15.
Two groups of taxpayers are more likely to face an IRS audit than other Americans, and it's only high income earners.
The U.S. tax system is designed to be progressive, with rich people paying a larger share of their income to the IRS. Here's what to know.
The IRS cracking down on wealthy people who've skipped out on filing tax returns
After almost one month of tax filing, Americans are seeing bigger tax refunds, according to IRS data. Here's what to expect.
The IRS opened for filing on January 29. Here's what to expect with your tax refund, from how much you'll get to when you'll get it.
The Macomb County Veterans Services, Macomb Community Action, and the Accounting Aid Society will offer help through the IRS Volunteer Income Assistance (VITA) program.
The IRS said it will waive penalties for almost 5 million taxpayers on their 2020 and 2021 tax returns.
Tax agency also said it will boost the reporting threshold to $5,000, from $600, in 2024 as it phases in the new regulation.
The IRS is rolling out new income thresholds for its seven tax brackets, boosting the limits to reflect inflation this year.
The IRS is set to announce new tax bracket thresholds for the 2024 tax year. One expert says to expect a 5.4% increase from last year.
Americans owe the IRS $688 billion in unpaid taxes, underscoring need for more audits, said IRS Commissioner.
A report from Democratic lawmakers alleges that tax-prep companies shared people's income and other sensitive data with big tech firms.
A group of Republican senators and representatives said IRS officials violated "anti-gag" rules that protect federal employees.
Great Lakes Water Authority, which manages water and sanitary sewer service in Metro Detroit, has announced wholesale utility rate increases.
Ford said a tech glitch can increase the risk of a crash for vehicles towing a trailer. Here's what to look for.
I-75 near Big Beaver Road was closed for several hours Wednesday night as Troy Police investigated a pedestrian fatality.
The driver of a Lyft rideshare vehicle is facing multiple felony charges after a crash on Detroit's west side left two people dead.
A truck became stuck in a sinkhole that formed on Wednesday near Orangelawn Street and Chatham Street in Detroit.
For the first time in 15 years, Stellantis is not issuing a profit-sharing distribution to UAW-represented employees.
A truck became stuck in a sinkhole that formed on Wednesday near Orangelawn Street and Chatham Street in Detroit.
New Haven schools are resuming classes Thursday, with alternate arrangements in the works for lunch service, as a boil water advisory continues in the area.
Great Lakes Water Authority, which manages water and sanitary sewer service in Metro Detroit, has announced wholesale utility rate increases.
Ford said a tech glitch can increase the risk of a crash for vehicles towing a trailer. Here's what to look for.
Union Vice President Laura Dickerson confirmed that the worker, TJ Sabula, "has no discipline on his record."
Some General Motors employees are taken aback by this year's profit-sharing checks, with it being $4,000 less than the previous one.
While many assume a "harsh" winter, or this bone-chilling, sustained cold, is the enemy of asphalt, the real culprit is temperature fluctuation.
In Metro Detroit, drivers are paying about $2.90 per gallon, which is 2 cents less than last week and 29 cents less than at the same time last year.
The winter storm that brought snow to Southeast Michigan on Sunday didn't stop car enthusiasts from leaving their homes for the final day of the 2026 Detroit Auto Show.
The Rock & Roll Hall of Fame has announced its 2026 list of nominees, including Phil Collins, Mariah Carey, Wu-Tang Clan and more.
Barry Manilow announced Friday he needs to reschedule several more concerts as he continues to recover following surgery after he was diagnosed with lung cancer.
"Jersey Shore" star Nicole "Snooki" Polizzi said in a TikTok video that her results at a post-op appointment for a cone biopsy showed stage 1 cervical cancer.
In April 2025, Eric Dane announced he had been diagnosed with amyotrophic lateral sclerosis, or ALS.
Warner Bros. Discovery said that Paramount Skydance is considering enhancing its buyout offer for the entertainment company.
Ford said a tech glitch can increase the risk of a crash for vehicles towing a trailer. Here's what to look for.
Starting next week, parents will get an alert if their teen repeatedly searches for certain terms related to self-harm or suicide in a short time span.
A bipartisan Senate duo is teaming up on legislation that would ban large investment firms from snapping up single-family homes, a measure they say is aimed at the country's housing affordability crunch.
The Detroit Pistons faced a shell of the defending champion Oklahoma City Thunder on Wednesday night in a possible NBA Finals preview.
Lawyers say China's government intervened and helped get charges dropped against three Chinese scientists at the University of Michigan.
Michigan lawmakers required schools to adopt a cardiac emergency response plan for the current school year if the Legislature appropriated "sufficient funds," but funding wasn't dedicated in the education budget.
What started as food poisoning for a young boy in Clinton Township turned into years of organ failure.
Officials announced eligibility for mothers and babies in the city of Detroit.
Two Metro Detroit representatives are among those sponsoring a bill that calls for a 32% tax on any wireless device purchased for someone age 17 and younger.
The Oakland Community Health Network will now be taking over that responsibility amidst a financial dispute between the two organizations.
The Detroit Pistons faced a shell of the defending champion Oklahoma City Thunder on Wednesday night in a possible NBA Finals preview.
Justin Verlander and Framber Valdez will receive the final payments from their new contracts with the Detroit Tigers in 2039, with the team deferring $31 million of the $128 million it committed to the pitchers.
Detroit Lions offensive tackle Taylor Decker has decided to return for an 11th season.
Elliot Cadeau had 15 points and L.J. Cason scored 11 of his 14 points in the second half as No. 3 Michigan beat Minnesota 77-67 on Tuesday night to clinch at least a share of the Big Ten title for the first time in five years.
Connor Hellebuyck stopped 41 of Team Canada's 42 shots in the Olympic gold medal match.
Penske, a business and racing legend, turns 89 on Feb. 20 and is celebrating his 60th year in racing during 2026.
Claressa Shields talks about giving back to the community and her efforts to increase equity for women in sports.
The roundtable discusses the impact of the high-profile game for advertisers, including Detroit-based Rocket and Redfin.
Could a new entertainment tax and a new sales tax be ahead for the Motor City?
As the 2026 Detroit Auto Show wraps up Sunday, the roundtable discusses the signature event and standout moments from the past two weeks.
The Cuban government said Wednesday that a speedboat from Florida that had entered Cuban waters was carrying weapons and that its occupants, Cuban nationals living in the U.S., allegedly planned to carry out terrorism on the island.
A sinkhole on Detroit's west side that is several feet long, and several inches deep, damaged at least one vehicle when a motorist struck it. Here's a look at the barricades that are now up
A massive fire destroyed a St Clair County Sheriff's Office storage facility. A trial date will be rescheduled in the case of a Pontiac mother accused of child abuse. Other top stories and weather.
Good morning Family! Looking at mostly clear skies today with temps reaching into mid 30's. Staying dry the next few days with warmer temps into low mid 50's by Friday!!
A man's comment during the Warren City Council meeting Tuesday night has led to an open investigation involving the Secret Service.