Assets in Irrevocable Trusts and Stepped-Up Basis If you are the recipient of an inheritance, you might be wondering what the tax treatment of the...
Category: IRS
IRS Adjusts HSA Amounts
In Rev. Proc. 2024-25, the IRS made changes for health savings accounts for 2025. The maximum annual HSA contribution is: $4,300 for an eligible individual...
Tax Benefits for Homeowners
Tax Benefits for Homeowners What tax deductions, programs and housing allowances are available and unavailable to you, homeowner? Let’s delve into several that the IRS...
The IRS Tweaks Required Minimum Distribution Rules for IRAs
The Department of the Treasury and the Internal Revenue Service have issued final regulations updating the required minimum distribution rules. These final regulations, says the...
IRS Announces Retirement Plan Changes
IRS Announces Retirement Plan Changes Your max contributions to 401(k) plans for 2025 increase to $23,500, up from $23,000 for 2024, according to the IRS....
