Retirees who turned 73 in 2024 must take their first RMD from IRAs or 401(k)s by April 1, 2025—or face a steep IRS penalty.

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or ...

STATEN ISLAND, N.Y. -- The Internal Revenue Service (IRS) has already issued more than $162 billion in tax refunds, with the average American getting more money back from the federal government ...

The April 15 tax-filing deadline is three weeks away, and tens of millions of taxpayers have yet to file their taxes. The Internal Revenue Service had received nearly 70.4 million returns as of ...

You can only get the full array of advice by subscribing to the Tax Letter, but we will regularly feature snippets from it online, and here is one of those samples… IRS finally provides clarity ...

The IRS does not allow you to simply name a minor ... Internal Revenue Service. "Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs)." Internal Revenue Service.

JavaScript is disabled in your web browser or browser is too old to support JavaScript. Today almost all web pages contain JavaScript, a scripting programming language that runs on visitor's web ...

(AP Photo/Patrick Semansky, File) Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] WASHINGTON (AP) — As the nature of financial crime changes, with technology and AI increasingly ...

Forbes contributors publish independent expert analyses and insights. Bruce Brumberg makes the law and tax code understandable to everyone.

The Trump administration announced a multiagency mass layoff affecting thousands of IRS employees. Laid-off employees were then ordered back to work by a California federal judge. However ...

SACRAMENTO, Calif. — A new, free tool to file your taxes for free in California is back. IRS “Direct File” is now in its sophomore year with new features and more eligibility. Here’s what ...