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.
Detroit police say one person is dead and another was injured on Wednesday after what they was the result of a propane heater fire.
His legacy lives on with those he helped find a path forward, just as he did.
Police in Shelby Township are cracking down on drivers who illegally pass stopped school buses.
The battle for Line 5 rages on as the Michigan Supreme Court hears arguments for two cases that could decide the future of the pipeline that runs underneath the Straits of Mackinac.
ShaWanna Gajewski is rebuilding her hometown of Inkster, Michigan, one house at a time.
Toll rates have been announced for crossing the soon-to-be-open Gordie Howe International Bridge between Detroit and Windsor.
The company says it has "no indication of ransomware or malware." Officials believe the incident is contained.
Detroit police say one person is dead and another was injured on Wednesday after what they was the result of a propane heater fire.
Dajanae Frazier's family says she was last seen walking away from her home in the 19400 block of Biltmore Street on March 3.
His legacy lives on with those he helped find a path forward, just as he did.
AAA says motorists are paying an average of $3.53 a gallon for regular unleaded gas in the United States.
For the first time in 15 years, Stellantis is not issuing a profit-sharing distribution to UAW-represented employees.
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.
A woman was arrested on Sunday for firing multiple shots at the Beverly Hills home of Rihanna, Los Angeles Police Department officials say.
A restaurant celebrating rock music in the era of the legendary band Kiss is set to open in Royal Oak.
Six Flags is selling off some of its North America amusement parks, including Michigan's Adventure in Muskegon.
Actor and filmmaker Bruce Campbell told fans that he is in treatment for cancer and will cancel some upcoming public appearances.
Faster Horses, a multi-day country music festival, will not return this summer to Michigan International Speedway.
Officers normally assigned to process Global Entry travelers had been reassigned to process other arriving travelers during the pause.
A string of tornadoes touched down in multiple states as severe weather stretched from Texas to Michigan.
Wright State wins the Horizon League title with a late rally and holds off Detroit Mercy, 66-63.
TSA officer call-out rates have climbed into double-digit percentages at some airports, including half the officers at Houston's Hobby Airport, straining screening operations and contributing to longer security lines.
A person with knowledge of the agreement says Detroit is adding running back Isiah Pacheco to replace David Montgomery after the Lions traded Jahmyr Gibbs' backup before free agency started.
A measles case has been confirmed in Washtenaw County, with health officials investigating when and where others may have been exposed in Southeast Michigan.
Michigan Medicine will drop thousands of Blue Cross Blue Shield members if a deal isn't reached.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Water testing has detected "low levels" of Legionella bacteria at two more Oakland County government buildings.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
Jalen Duren scored 26 points, Cade Cunningham had 21 points and 15 assists, and the Pistons hammered the Nets 138-100 on Tuesday night.
Wright State wins the Horizon League title with a late rally and holds off Detroit Mercy, 66-63.
The Pioneers will often practice or play games while fasting while observing the holiday, which runs through March 19.
The Detroit Lions are losing another player, this time it's wide receiver Kalif Raymond, who is reportedly heading to the Chicago Bears.
A person with knowledge of the agreement says Detroit is adding running back Isiah Pacheco to replace David Montgomery after the Lions traded Jahmyr Gibbs' backup before free agency started.
Rose talks about a new TV series being filmed in Detroit called "South West High," which revolves around a fictional high school in the Motor City.
As Women's History Month kicks off, Donna Murray-Brown, the new president and CEO of Inforum, appears on Michigan Matters.
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.
Washtenaw County, Michigan, is mourning the loss of a beloved difference maker dedicated to giving people a second chance.
Police in Shelby Township, Michigan, are cracking down on drivers who illegally pass stopped school buses. It's part of a new initiative called "Operation Safe Zone - Respect the Red, Protect our Kids."
The battle for Line 5 rages on as the Michigan Supreme Court hears arguments for two cases that could decide the future of the pipeline that runs underneath the Straits of Mackinac.
ShaWanna Gajewski is rebuilding her hometown of Inkster, Michigan, one house at a time.
From less than 15 seconds to a couple of minutes, that's how long it can take for an alert to be dispatched to warn people of danger like a tornado.