IRS to Hire 30,000 Staff as Additional Funding Deployed
The U.S. Internal Revenue Service is set to hire 30,000 new staff members over the next two years as it deploys a new $80 billion investment plan that is aimed at improving both tax enforcement and customer service, the tax agency confirmed on Thursday.
Called...
IRS Increases the Limits for Maximum Annual Retirement Contributions
The Internal Revenue Service will allow Americans to contribute more money to their retirement plan in 2023 than ever before. The IRS shared details on the maximum annual contribution for next year on Friday, revealing an increased limit compared to previous years.
Considering the challenging...