WASHINGTON — The Internal Revenue Service announced that the amount individuals can contribute to their 401(k) plans in 2025 has increased to $23,500, up from $23,000 for 2024. The IRS today also issued technical guidance regarding all cost‑of‑living adjustments...
IRS
Healthcare FSA reminder: Employees can contribute up to $3,300 in 2025; must elect every year
WASHINGTON — The Internal Revenue Service reminds taxpayers that during open enrollment season for flexible spending arrangements (FSAs) they may be eligible to use tax-free dollars to pay medical expenses not covered by other health plans. An employee who chooses to...
IRS Free File tax filing service available to millions on IRS.gov
WASHINGTON — The Internal Revenue Service announced that the IRS Free File Guided Tax Software will be available Jan. 10 for taxpayers ahead of the official start of tax season later this month. Starting Jan. 10, the IRS Free File will begin accepting individual tax...