IRS recovers billions in tax, financial criminal cases focused on drug trafficking, terrorist financing; launches new business online account features

IR-2024-310, Dec. 12, 2024 — The Internal Revenue Service today provided the regular quarterly update to the Strategic Operating Plan, outlining key milestones in criminal investigations, improvements to taxpayer services and advancements in digital modernization that have transformed agency operations while protecting billions of taxpayer dollars.

IRS urges many retirees to make required withdrawals from retirement plans by year-end deadline

IR-2024-309, Dec. 10, 2024 — The Internal Revenue Service today reminded those aged 73 and older of the deadline to take required minimum distributions from individual retirement arrangements (IRAs) and other retirement plans, and highlighted updates introduced by the SECURE 2.0 Act.

National Tax Security Awareness Week, Day 5: Tax pros urged to guard against identity theft with updated Written Information Security Plan

IR-2024-308, Dec. 6, 2024 — On the final day of National Tax Security Awareness Week, the Internal Revenue Service and its Security Summit partners urged tax professionals to reassess their plans for protecting themselves and their clients’ sensitive information amid increasing attempts by identity thieves to steal tax data.

IRS Criminal Investigation releases FY24 Annual Report; details agency’s global reach, billion-dollar impact

IR-2024-307, Dec. 5, 2024 — The Internal Revenue Service Criminal Investigation (IRS-CI) released its Fiscal Year 2024 (FY24) Annual Report today that details significant cases involving crimes ranging from tax fraud to cybercrime, enhanced domestic and foreign partnerships and investigative statistics from FY24 that took place from Oct. 1, 2023, to Sept. 30, 2024. 

National Tax Security Awareness Week, Day 4: Security Summit urges updating digital security to protect businesses, taxpayers from identity theft scams

IR-2024-306, Dec. 5, 2024 — Because identity thieves target the financial data of businesses and the self-employed using new schemes, the Internal Revenue Service and the Security Summit partners today urged companies and individual taxpayers to review and update their security measures and practices to guard against the latest scams.

IRS requests applications for 2025 ETAAC membership

IR-2024-305, Dec. 4, 2024 — The Internal Revenue Service is accepting applications for the Electronic Tax Administration Advisory Committee (ETAAC) through Jan. 31, 2025.

IRS alert: Charitable contribution scams on the rise; taxpayers beware of those promoting fraudulent schemes

IR-2024-304, Dec. 4, 2024 — The Internal Revenue Service today warned taxpayers to avoid promoters of fraudulent tax schemes involving donations of ownership interests in closely held businesses, sometimes marketed as “Charitable LLCs.” 

National Tax Security Awareness Week, Day 3: Guard against fraudsters with an IRS identity protection PIN

IR-2024-303, Dec. 4, 2024 — The Internal Revenue Service and the Security Summit partners today encouraged taxpayers to add an extra layer of protection between their tax returns and identity thieves by joining the Identity protection personal identification number (IP PIN) program at the start of the 2025 tax season.

National Tax Security Awareness Week, Day 2: IRS, Security Summit partners urge people to watch out for bad tax advice on social media

IR-2024-302, Dec. 3, 2024 — The Internal Revenue Service and the Security Summit partners issued a consumer alert today about the growing threat of bad tax advice on social media that continues to dupe people into filing inaccurate tax returns.

IRS announces 2025 grants for the Tax Counseling for the Elderly and Volunteer Income Tax Assistance Program

IR-2024-301, Dec. 2, 2024 — The Internal Revenue Service announced today the award of $53 million in Tax Counseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) grants to organizations that provide free federal tax return preparation.

IRS warns of holiday scams, encourages protecting sensitive personal information as 9th annual National Tax Security Awareness Week starts 

IR-2024-300, Dec. 2, 2024 — On Cyber Monday, the Internal Revenue Service and its Security Summit partners warned taxpayers to approach their holiday shopping with extra caution because scammers are also shopping – for their next victim’s personal information.

IRS provides transition relief for third-party settlement organizations; Form 1099-K threshold is $5,000 for calendar year 2024

IR-2024-299, Nov. 26, 2024 — The Internal Revenue Service today issued Notice 2024-85 providing transition relief for third-party settlement organizations (TPSOs), also known as payment apps and online marketplaces, regarding transactions during calendar years 2024 and 2025.

Save for retirement now, get a tax credit later: Saver’s Credit can help low- and moderate-income taxpayers save more in 2025

IR-2024-298, Nov. 25, 2024 —The Internal Revenue Service today reminded low- and moderate-income taxpayers that they can save for retirement now and possibly earn a tax credit in 2025 and future years. 

IRS encourages taxpayers to prepare for 2025 filing season with online tools and key reminders

IR-2024-297, Nov. 22, 2024 — As the nation's tax season approaches, the Internal Revenue Service is reminding people of simple steps they can take now to prepare to file their 2024 federal tax returns. 

IRS urges businesses to act by Nov. 22 to resolve improper Employee Retention Credit claims through Voluntary Disclosure Program; third-party payer deadline newly extended to Dec. 31

IR-2024-296, Nov. 21, 2024 — With a Nov. 22 deadline rapidly approaching for the second Voluntary Disclosure Program, the Internal Revenue Service urgently recommends that businesses review Employee Retention Credit guidelines and resolve incorrect claims soon to avoid future issues.

IRS, Security Summit partners announce 9th annual National Tax Security Awareness Week starting Dec. 2

IR-2024-295, Nov. 21, 2024 — The Internal Revenue Service, working with the Security Summit partners, today announced a special awareness week focusing on taxpayers and tax professionals to protect sensitive financial information from identity thieves and tax scams as the holidays and the 2025 tax season approach.

IRS takes steps to help prevent refund delays by accepting duplicate dependent returns with an IP PIN for 2025 filing season; taxpayers encouraged to sign up soon for IP PIN, Online Account

IR-2024-294, Nov. 21, 2024 — The Internal Revenue Service is making it easier for taxpayers to protect their information and avoid refund delays by accepting certain e-filed tax returns that claim dependents who have already been claimed on another taxpayer’s return. 

IRS Advisory Council issues 2024 annual report

IR-2024-293, Nov. 20, 2024 — The Internal Revenue Service Advisory Council (IRSAC) today issued its annual public report, including recommendations to the IRS on new and continuing issues in tax administration.

Treasury, IRS finalize more partnership clean energy regulations and propose related administrative requirements

IR-2024-292, Nov. 19, 2024 — The Department of the Treasury and the Internal Revenue Service released final regulations that will help certain entities that co-own clean energy projects access clean energy tax credits through elective pay (also commonly referred to as direct pay).

IRS: International Fraud Awareness Week highlights how to report fraud; taxpayer protection against scams, schemes

IR-2024-291, Nov. 18, 2024 — As part of International Fraud Awareness Week, the Internal Revenue Service reminds taxpayers how to report tax-related fraud in their community to protect personal and financial information from scam artists and tax schemes. 

Interest rates decrease for the first quarter of 2025

IR-2024-290, Nov. 18, 2024 — The Internal Revenue Service today announced that interest rates will decrease for the calendar quarter beginning Jan. 1, 2025. 

Give more, tax-free: Eligible IRA owners can donate up to $105,000 to charity in 2024

IR-2024-289, Nov. 14, 2024 — The Internal Revenue Service reminds individual retirement arrangement (IRA) owners age 70½ and older that they can make up to $105,000 in tax-free charitable donations during 2024 through qualified charitable distributions. That’s up from $100,000 in past years. 

Many businesses must report beneficial ownership information to Treasury by Jan. 1; free webinar can help

IR-2024-288, Nov. 12, 2024 — The Internal Revenue Service will sponsor a free one-hour webinar designed to help the many businesses that must report their beneficial ownership information to the Treasury Department’s Financial Crimes Enforcement Network.

IRS: Healthcare FSA reminder: Employees can contribute up to $3,300 in 2025; must elect every year

IR-2024-287, Nov. 7, 2024 — 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.

IRS publishes 2024 Financial Report; resolves longstanding significant deficiency

IR-2024-286, Nov. 7, 2024 — The Internal Revenue Service today released financial information and highlighted selected accomplishments and challenges in its fiscal year 2024 Financial Report. 

401(k) limit increases to $23,500 for 2025, IRA limit remains $7,000

IR-2024-285, Nov. 1, 2024 — The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2025 has increased to $23,500, up from $23,000 for 2024. 

IRS hires new Associate Chief Counsel to focus on partnerships and other passthrough entities

IR-2024-284, Oct. 29, 2024 — The IRS today announced the selection of the first Associate Chief Counsel for the newly created Passthroughs, Trusts and Estates office that will focus exclusively on partnerships, S corporations, trusts and estates. Staffing for this office will be drawn from the current Passthroughs and Special Industries office.

National Cybersecurity Awareness Month reminder: IRS and Security Summit supply online safety tips

IR-2024-283, Oct. 28, 2024 — As National Cybersecurity Awareness Month concludes and preparation for next tax season begins, the Internal Revenue Service and its Security Summit partners today reminded taxpayers to be wary of online threats like identity theft and fraud.

IRS relief now available to flood victims in the Juneau area; multiple deadlines postponed to May 1, 2025

IR-2024-282, Oct. 25, 2024 — The IRS today announced disaster tax relief for individuals and businesses in the Juneau area of Alaska, affected by flooding that began on Aug. 5, 2024.

Treasury, IRS issue final regulations for the Advanced Manufacturing Production Credit

IR-2024-281, Oct. 24, 2024 — The Department of the Treasury and the Internal Revenue Service today issued final regulations to provide guidance for the Advanced Manufacturing Production Credit established by the Inflation Reduction Act of 2022 (IRA).

Treasury and IRS issue guidance for the Energy Efficient Home Improvement Credit

IR-2024-280, Oct. 24, 2024 — The Department of the Treasury and the Internal Revenue Service today issued Revenue Procedure 2024-31 and proposed regulations to provide guidance for the Treasury and IRS issue guidance for the Energy Efficient Home Improvement Credit.  

IRS reminder to disaster area taxpayers with extensions: Parts of 8 states need to file 2023 returns by Nov. 1; others have until Feb. 3 or May 1

IR-2024-279, Oct. 23, 2024 — Now that the Oct. 15 extension deadline has come and gone, the Internal Revenue Service today reminded disaster-area taxpayers who received extensions to file their 2023 returns that, depending upon their location, their returns are due on Nov. 1, 2024, Feb. 3, 2025, or May 1, 2025.

IRS encourages all taxpayers to sign up for an IP PIN for the 2025 tax season 

IR-2024-278, Oct. 23, 2024 — As the 2025 tax season approaches, the IRS encourages all taxpayers to take an important step to safeguard their identity by signing up for an identity protection personal identification number (IP PIN).

Treasury, IRS grant filing exception for tax-exempt organizations from filing new Form 4626, Alternative Minimum Tax - Corporations

IR-2024-277, Oct. 23, 2024 — The Department of the Treasury and the Internal Revenue Service today granted a filing exception for tax-exempt organizations; they do not have to file Form 4626, Alternative Minimum Tax – Corporations, for tax year 2023. 

IRS announces launch of pass-through compliance unit in LB&I; new group brings together teams of specialists from across the agency to tackle large or complex exams

IR-2024-276, Oct. 22, 2024 — The IRS today announced the new pass-through field operations unit announced last fall has officially started work in its Large Business and International (LB&I) division to more efficiently conduct audits of pass-through entities. 

IRS and Treasury issue guidance on implementation of advanced manufacturing investment credit

IR-2024-275, Oct. 22, 2024 — The Department of the Treasury and the Internal Revenue Service today issued final regulations that provide guidance regarding the implementation of the Advanced Manufacturing Investment Credit, established by the CHIPS Act of 2022. 

IRS reminds tax professionals to renew PTINs for 2025 tax season

IR-2024-274, Oct. 22, 2024 — The Internal Revenue Service today announced that preparer tax identification number (PTIN) renewals for 2025 are now being processed. 

IRS releases tax inflation adjustments for tax year 2025

IR-2024-273, Oct. 22, 2024 — The Internal Revenue Service announced today the annual inflation adjustments for tax year 2025.

Treasury, IRS issue guidance for the Sustainable Aviation Fuel Credit

IR-2024-272, Oct. 18, 2024 — The Treasury Department and Internal Revenue Service today issued Notice 2024-74 for the Sustainable Aviation Fuel (SAF) credit created by the Inflation Reduction Act.

IRS provides free Nov. 18 webinar on Compliance Assurance Process to help large businesses

IR-2024-271, Oct. 15, 2024 — The IRS will offer a free webinar to help large business taxpayers understand the Compliance Assurance Process (CAP) by discussing updates and clarifications to the program to better prepare applicants.

IRS launches 2024 Nationwide Tax Forum Online: Tax professionals can now access new online seminars

IR-2024-270, Oct. 15, 2024 — The Internal Revenue Service today announced the launch of the 2024 Nationwide Tax Forum Online, providing tax professionals access to 18 seminars recorded at this year's IRS Nationwide Tax Forum.

IRS warns taxpayers of charity scams following recent hurricanes; provides tools to help people verify legitimate groups

IR-2024-269, Oct. 15, 2024 — In the aftermath of Hurricanes Milton and Helene, the Internal Revenue Service today cautioned taxpayers of scammers who use fake charities to gather sensitive personal and financial data from unsuspecting donors. 

IRS relief now available to Watch Fire victims in the San Carlos Apache Tribe in Arizona; multiple deadlines postponed to Feb. 3, 2025

IR-2024-268, Oct. 11, 2024 — The Internal Revenue Service today announced disaster tax relief for individuals and businesses of the San Carlos Apache Tribe in the state of Arizona affected by the Watch Fire that began on July 10, 2024.

IRS announces extension of time for certain applicable entities to make an elective payment election on Form 990-T

IR-2024-267, Oct. 11, 2024 — The Internal Revenue Service announced today in Revenue Procedure 2024-39 that grants certain applicable entities that are making an elective payment election a six-month automatic extension of time to file an original or superseding Form 990-T, Exempt Organization Business Income Tax Return, with relevant schedules and forms.

IRS help available to victims of Hurricanes Helene and Milton; May 1 deadline now applies to individuals and businesses

IR-2024-266, Oct. 11, 2024 — In the wake of the devastating hurricanes that have ravaged Florida and the Southeast in recent weeks, the Internal Revenue Service today reassured victims that it stands ready to provide the tax-related assistance they need to recover from these storms.

IRS granting dyed diesel penalty relief as a result of Hurricane Milton

IR-2024-265, Oct. 11, 2024 — In response to disruptions resulting from Hurricane Milton, the Internal Revenue Service will not impose a penalty when dyed diesel fuel with a sulfur content that does not exceed 15 parts-per-million is sold for use or used on the highway throughout the state of Florida.

IRS provides Hurricane Milton relief; May 1 deadline now applies to individuals and businesses in all of Florida; many businesses qualify for deposit penalty relief

IR-2024-264, Oct. 11, 2024 — Due to Hurricane Milton, the Internal Revenue Service today announced relief for individuals and businesses in 51 counties in Florida. 

IRS accelerates work on Employee Retention Credit claims; agency currently processing 400,000 claims worth about $10 billion

IR-2024-263, Oct. 10, 2024 —The IRS announced today continued progress on Employee Retention Credit claims, with processing underway on about 400,000 claims, representing about $10 billion of eligible claims.  

IRS releases 2022 tax gap projections; voluntary compliance rate among taxpayers remains steady

IR-2024-262, Oct. 10, 2024 — The Internal Revenue Service today released the tax gap projections for tax year 2022, a detailed analysis showing the nation’s projected gross tax gap at $696 billion. This reflects the difference between projected ‘true’ tax liability and the amount of tax that is actually paid on time.

Treasury and IRS issue proposed regulations providing clarity regarding the federal tax classification of entities entirely owned by Tribal governments

IR-2024-261, Oct. 7, 2024 — The Department of the Treasury and the IRS today issued proposed regulations addressing the federal tax classification of corporations or LLCs that are owned entirely by Indian Tribal governments (Tribes) and formed under the laws of the Tribes that own them. Generally, entities formed under the laws of a Tribe are known as Tribal law entities.

IRS reminds taxpayers of Oct. 15 tax-filing extension deadline; combat zones, disaster areas, Israel have more time 

IR-2024-260, Oct. 7, 2024 — The Internal Revenue Service today encouraged taxpayers to file their 2023 tax year federal income tax return on or before the upcoming Tuesday, Oct. 15, 2024, deadline to avoid possible late filing penalties.

Treasury and IRS issue final regulations identifying syndicated conservation easement transactions as abusive tax transactions

IR-2024-259, October 7, 2024 — The Department of the Treasury and the Internal Revenue Service today issued final regulations identifying certain syndicated conservation easement transactions as "listed transactions" – abusive tax transactions that must be reported to the IRS.

IRS Direct File set to expand availability in a dozen new states and cover wider range of tax situations for the 2025 tax filing season

IR-2024-258, Oct. 3, 2024 — The Internal Revenue Service announced today that Direct File will be available for the 2025 tax filing season in double the number of states than last year’s pilot, and it will cover a wider range of tax situations, greatly expanding the number of taxpayers eligible to use the free e-filing service. 

Treasury and IRS issue guidance on long-term, part-time employees in 403(b) retirement plans and announce delayed applicability date for related final 401(k) regulation

IR-2024-257, Oct. 3, 2024 — The Department of the Treasury and the Internal Revenue Service today issued guidance addressing long-term, part-time employees in 403(b) retirement plans under the SECURE 2.0 Act, which applies to 403(b) plans beginning in 2025.

IRS relief now available to wildfire victims in parts of Washington; multiple deadlines postponed to Feb. 3, 2025

IR-2024-256, Oct. 3, 2024 — The Internal Revenue Service today announced disaster tax relief for individuals and businesses in the Confederated Tribes and Bands of the Yakama Nation in Washington state affected by wildfires that began on June 22, 2024.

IRS employees help Hurricane Helene efforts; 500 phone assistors supporting FEMA, Criminal Investigation agents work on rescue efforts in North Carolina, Florida

IR-2024-255, Oct. 2, 2024 — As part of efforts to help victims of Hurricane Helene, the Internal Revenue Service is taking special steps to provide more than 500 employees to help with the Federal Emergency Management Agency’s (FEMA) disaster relief call lines and sending IRS Criminal Investigation (IRS-CI) agents into devastated areas to help with search and rescue efforts and other relief work.

IRS granting dyed diesel penalty relief as a result of Hurricane Helene

IR-2024-254, Oct. 1, 2024 — In response to disruptions resulting from Hurricane Helene, the Internal Revenue Service will not impose a penalty when dyed diesel fuel with a sulfur content that does not exceed 15 parts-per-million is sold for use or used on the highway throughout Alabama, Georgia, North Carolina, and South Carolina and in the following counties in Florida, Tennessee and Virginia.

IRS provides relief for Helene; various deadlines postponed to May 1, 2025; part or all of 7 states qualify

IR-2024-253, Oct. 1, 2024 — The Internal Revenue Service today announced disaster tax relief for all individuals and businesses affected by Hurricane Helene, including the entire states of Alabama, Georgia, North Carolina and South Carolina and parts of Florida, Tennessee and Virginia.

IRS announces new relief for taxpayers affected by terrorist attacks in Israel: 2023 and 2024 returns and payments are now due Sept. 30, 2025; other relief available

IR-2024-252, Oct. 1, 2024 — The Internal Revenue Service announced today that due to recent terrorist attacks in Israel, the agency is providing additional tax relief to affected individuals and businesses, postponing until Sept. 30, 2025, a wide range of deadlines for filing federal returns, making tax payments and performing other time-sensitive tax-related actions.

Volunteers needed across the country to provide free tax services; sign up from Oct. to Jan. for the upcoming filing season

IR-2024-251, Oct. 1, 2024 — The Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) programs are currently recruiting volunteers for the upcoming filing season.

IRS relief now available to storm victims in parts of Illinois; multiple deadlines postponed to Feb. 3, 2025

IR-2024-250, Oct. 1, 2024 — The Internal Revenue Service today announced disaster tax relief for individuals and businesses in parts of Illinois affected by severe storms, tornadoes, straight-line winds and flooding that began on July 13, 2024.

IRS releases draft Form 7217, Partners Report of Property Distributed by a Partnership, for public comment

IR-2024-249, Sept. 30, 2024 — The Internal Revenue Service requested public comments on draft Form 7217 and Instructions for draft Form 7217 today.

IRS extends relief to farmers and ranchers impacted by drought in 41 states, other regions

IR-2024-248, Sept. 30, 2024 — The Internal Revenue Service today issued guidance providing tax relief for farmers and ranchers in applicable regions forced to sell or exchange livestock because of drought conditions. 

Independent Office of Appeals Secure Messaging Program Office launches "Corporate Group Mailbox" pilot for large business taxpayers with multiple representatives

IR-2024-247, Sept. 30, 2024 — The Internal Revenue Service’s Independent Office of Appeals (Appeals) today launched a pilot program as part of the IRS’ ongoing transformation efforts to expand online tools and improve user experiences. 

IRS opens new process for payroll companies, third-party payers to help clients resolve incorrect claims for the Employee Retention Credit 

IR-2024-246, Sept. 26, 2024 — The Internal Revenue Service announced today that the agency is opening a supplemental claim process to help third-party payers and their clients resolve incorrect claims for the Employee Retention Credit.

Elizabeth Askey named Chief of IRS Independent Office of Appeals

IR-2024-245, Sept. 23, 2024 — The Internal Revenue Service today announced that Elizabeth Askey has been selected to serve as the Chief of the IRS Independent Office of Appeals (Appeals).

IRS provides an update to frequently asked questions for the Premium Tax Credit

IR-2024-244, Sept. 19, 2024 —The Internal Revenue Service today updated its frequently asked questions in Fact Sheet 2024-30 for the Premium Tax Credit.

IRS warns of "mills" taking advantage of taxpayers with Offer in Compromise program 

IR-2024-243, Sept. 19, 2024 — The Internal Revenue Service reminds taxpayers to beware of promoters claiming their services are necessary to resolve unpaid taxes owed to the IRS while charging excessive fees, often with no results. 

IRS: Free Sept. 26 webinar on dealing with disasters from an individual tax perspective

IR-2024-242, Sept. 19, 2024 — The Internal Revenue Service announced today that it will offer a free webinar September 26 on dealing with disasters from an individual tax perspective. 

IRS relief now available to Debby victims in parts of Pennsylvania; various deadlines postponed to Feb. 3, 2025

IR-2024-241, Sept. 18, 2024 — The Internal Revenue Service today announced disaster tax relief for individuals and businesses in parts of Pennsylvania affected by Tropical Storm Debby.

Treasury, IRS issue guidance on the Alternative Fuel Vehicle Refueling Property Credit

IR-2024-240, Sept. 18, 2024 — The Department of Treasury and Internal Revenue Service issued proposed regulations to provide guidance for the Alternative Fuel Vehicle Refueling Property Credit.

2024 Service to the Citizen Awards: Kenneth C. Corbin wins Government Executive of the Year

IR-2024-239, Sept. 17, 2024 — The Internal Revenue Service today announced that Taxpayer Services Chief Kenneth C. Corbin has received the 2024 Government Executive of the Year Award from the Service to the Citizen Awards program. 

IRS Electronic Tax Administration Advisory Committee selects 10 new members

IR-2024-238, Sept. 17, 2024 — The Internal Revenue Service has appointed 10 new members to the Electronic Tax Administration Advisory Committee or ETAAC.

Treasury, IRS issue proposed regulations on Tribal General Welfare Benefits

IR-2024-237, Sept. 13, 2024 — Today the Department of the Treasury and the Internal Revenue Service issued proposed regulations for Tribal General Welfare Benefits. Section 139E of the Internal Revenue Code was enacted by the Tribal General Welfare Exclusion Act of 2014 (Act) and excludes from gross income the value of any Tribal General Welfare Benefit.

IRS provides relief to Francine victims in all of Louisiana; various deadlines postponed to Feb. 3, 2025

IR-2024-236, Sept. 13, 2024 — The Internal Revenue Service announced today tax relief for individuals and businesses in the entire state of Louisiana, affected by Tropical Storm Francine that began on Sept. 10, 2024.

IRS issues proposed regulations for Corporate Alternative Minimum Tax

IR-2024-235, Sept. 12, 2024 — The Internal Revenue Service today issued proposed regulations to provide guidance on the Corporate Alternative Minimum Tax. 

IRS provides relief to victims of severe storms and flooding in Connecticut and New York; various deadlines postponed to Feb. 3, 2025

IR-2024-234, Sept. 10, 2024 — The Internal Revenue Service announced today tax relief for individuals and businesses in Connecticut and New York affected by severe storms and flooding from torrential rainfalls that began on Aug. 18, 2024. Some communities in western Connecticut also experienced landslides and mudslides from these storms.

U.S. Department of the Treasury, IRS announce $1.3 billion recovered from high-income, high-wealth individuals under Inflation Reduction Act initiatives 

IR-2024-233, Sept. 6, 2024 — Today, U.S. Secretary of the Treasury Janet L. Yellen and Commissioner of the Internal Revenue Service Danny Werfel are delivering remarks at the Austin, Texas, IRS campus to announce new milestones under Inflation Reduction Act initiatives to ensure wealthy individuals pay taxes owed, improve service for taxpayers through the Digital First Initiative and modernize foundational technology.

Treasury and IRS request comments on issues related to Saver’s Match contributions

IR-2024-232, Sept. 5, 2024 — The Department of the Treasury and the Internal Revenue Service today issued a notice requesting comments on Saver’s Match contributions to be paid by Treasury under the SECURE 2.0 Act of 2022.

IRS reminder: Third estimated tax payment due Sept. 16; disaster-area taxpayers have more time

IR-2024-231, Sept. 5, 2024 — The Internal Revenue Service today reminded taxpayers the deadline to submit their third quarter estimated tax payment is Sept. 16, 2024.

Funding from the Inflation Reduction Act improves taxpayer service with modern online tools

IR-2024-230, Sept. 4, 2024 — With the funding from the Inflation Reduction Act (IRA), the Internal Revenue Service continues to modernize online tools for taxpayers to take advantage of clean energy credits.

Reminder: September is National Preparedness Month; taxpayers should prepare for natural disasters

IR-2024-229, Sept. 3, 2024 — With the peak of hurricane season arriving and an elevated wildfire risk across much of the West, the Internal Revenue Service reminds taxpayers to develop an emergency preparedness plan or, if they already have one, to update it for 2024.

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