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.
Watch CBS News
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 says its push to step up audits on wealthy tax cheats is paying off, with the agency recovering more than $1 billion.
Millions of Americans could owe money to the IRS on June 17, with fines for missing payment on the rise.
IRS whistleblowers Gary Shapley and Joseph Ziegler are also asking to intervene in the case, arguing the IRS has a conflict of interest in the matter.
The IRS is tapping Inflation Reduction Act funding to hire more agents and go after more tax cheats. Here's where it is focusing.
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.
Tax expert Stephanie Davila said they are down by about 13 percent.
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 works with several tax preparation companies through its Free File program
The IRS works with several tax preparation companies through its Free File program
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.
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.
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.
The IRS is testing the free direct-file system for the 2024 tax season, with some people in 13 states invited to try it out.
Americans owe the IRS $688 billion in unpaid taxes, underscoring need for more audits, said IRS Commissioner.
The IRS said by doing so it will speed up refunds by four weeks.
The "major policy change" is aimed at reducing public confusion and improving safety for agents, the agency
Patronis announced the creation of an online site for people to report alleged "targeting" by the IRS
The event will take place at the Kaseya Center on Saturday, and viewers will be able to watch on CBS News Miami as well as other Paramount platforms.
Detroit's Kenley Jansen put Miami down in order in the ninth inning and moved into a tie for third in MLB history with his 478th save, Javier Baez homered and the Detroit Tigers beat the Miami Marlins 2-0 on Friday night to end a five-game skid.
City officials say the new installation is not technically a crosswalk, but rather a rainbow-colored pedestrian area located just steps away from where the original once stood.
The Artemis II crew's nine-day moon mission set a record for the farthest any human has ever traveled from Earth. Here's a look at the key moments.
The warning comes after a swimmer drowned off Pompano Beach last Sunday. Fort Lauderdale Ocean Rescue reported that more than 100 people had to be rescued last weekend alone.
The event will take place at the Kaseya Center on Saturday, and viewers will be able to watch on CBS News Miami as well as other Paramount platforms.
Detroit's Kenley Jansen put Miami down in order in the ninth inning and moved into a tie for third in MLB history with his 478th save, Javier Baez homered and the Detroit Tigers beat the Miami Marlins 2-0 on Friday night to end a five-game skid.
City officials say the new installation is not technically a crosswalk, but rather a rainbow-colored pedestrian area located just steps away from where the original once stood.
The Artemis II crew's nine-day moon mission set a record for the farthest any human has ever traveled from Earth. Here's a look at the key moments.
The warning comes after a swimmer drowned off Pompano Beach last Sunday. Fort Lauderdale Ocean Rescue reported that more than 100 people had to be rescued last weekend alone.
In courtroom testimony, Shandelle Maycock recounted the harrowing night her daughter was abandoned in the Everglades, describing the horrors they endured.
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.
Transportation Secretary Sean Duffy pointed out that gamers "have many of the hard skills it takes to be a successful controller."
Former Vice President Kamala Harris said that she might run for president in 2028, telling a gathering in New York that she is considering mounting a third bid for the White House.
White House aides got an email last month telling them not to place bets on prediction markets with nonpublic information, multiple administration officials told CBS News.
A federal judge blocked a restrictive new Defense Dept. press policy instituted after previously he ruled Pentagon press restrictions issued last year were unlawful.
First lady Melania Trump delivered a televised statement denying a relationship with the late sex offender Jeffrey Epstein.
Former state Sen. Lauren Book launched her 11th annual statewide walk, encouraging survivors to share their stories amid renewed attention on the Epstein case.
Miami Archbishop Thomas Wenski is pressing county commissioners to approve a long-delayed mental health center, warning lives are at stake as the building sits empty.
Emily Gregory describes the days following her upset victory in Tuesday's special election as "a little overwhelming, surreal, but exciting."
The Miami Center for Mental Health and Recovery, located at 2200 NW 7th Avenue, would be a first-of-its-kind facility that could make a difference in the lives of countless people.
Wasserman Schultz pushed back against the suggestion that the United States was led into this war by Israel and its leader, Benjamin Netanyahu.
An unlicensed cosmetologist from Florida has been found guilty in a California court for providing an injection that killed a model who was known as a Kim Kardashian lookalike, prosecutors said.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
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.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
A trial has been set in the San Francisco Bay Area for a Florida woman accused of providing a cosmetic injection that killed a woman who was known as a Kim Kardashian lookalike, prosecutors said.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Activists are calling for a nationwide boycott of Target stores following the company's decision to roll back its diversity, equity and inclusion initiatives.
The moon music tradition started more than 50 years ago, NASA said as it shared the Artemis II crew's playlist this week.
The rapper formerly known as Kanye West being denied entry into the U.K. has raised questions over the star's upcoming performance in Italy.
Rapper Offset is recovering after a shooting at Seminole Hard Rock Hotel and Casino, where Lil Tjay was among two people detained and later charged.
A major music festival featuring the rapper formerly known as Kanye West was canceled after the U.K. government blocked Ye from entering the country.
A federal judge in New York has tossed out actor Blake Lively's sexual harassment claims against actor Justin Baldoni over their roles in the movie "It Ends With Us," but left intact a claim for retaliation.