IRS Urges Taxpayers to Perform End-of-Summer Tax Checkup, IR-2024-225
The IRS has urged taxpayers to conduct an end-of-summer tax checkup to avoid unexpected tax bills in the upcoming year. The agency emphasized that many taxpayers, particularly those engaged in the gig...

Changes Under SECURE 2.0 Act to Affect Amounts Report by Businesses on Forms W-2, FS-2024-29
The IRS has reminded businesses that starting in tax year 2023 changes under the SECURE 2.0 Act may affect the amounts they need to report on their Forms W-2. The provisions potentially affecting Form...

IRS Urges Tax Professionals to Strengthen Security Measures Against Rising Threats, IR-2024-224
The IRS and the Security Summit concluded their eight-week summer awareness campaign by urging tax professionals to implement stronger security measures to protect themselves and their clients from es...

IRS Reminds Employers to Use Educational Assistance Programs for Student Loan Payments Until 2025, IR-2024-227
The IRS has reminded employers that educational assistance programs can be used to help employees pay off student loans until December 31, 2025. This option, available since March 27, 2020, allows fun...

IRS Updates Premium Tax Credit Table, Required Contribution Percentage, Rev. Proc. 2024-35
The IRS has updated the applicable percentage table used to calculate an individual’s premium tax credit and required contribution percentage for plan years beginning in calendar year 2025. This per...

IL - Guidance issued on new Chicago wireless E911 surcharge rate
Illinois issued guidance on the new prepaid wireless E911 surcharge rate imposed by Chicago on sales of prepaid wireless telecommunications services. Effective November 1, 2024, the rate will increase...