Chester County News and Community Website
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has issued a significant reminder to owners of individual retirement arrangements (IRAs) aged 70½ and older, highlighting an increase in the limit for …
Boost Your Giving: IRS Raises Limits on Tax-Free Charitable Donations from IRAs Read More
KING OF PRUSSIA, PA — Vertex Inc. (NASDAQ: VERX) has unveiled a new survey showcasing the critical role of automation and digital transformation in enhancing business growth within tax and …
Vertex Inc. Highlights Urgency in Tax and Finance Transformation Survey Read More
WASHINGTON, D.C. — As open enrollment season commences, the Internal Revenue Service (IRS) is urging taxpayers to take full advantage of flexible spending arrangements (FSAs), highlighting the significant tax benefits and …
IRS Urges Taxpayers to Maximize Savings with Flexible Spending Arrangements During Open Enrollment Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has unveiled its Fiscal Year 2024 Financial Report, showcasing a year marked by substantial revenue collections, commendable financial management, and overcoming longstanding challenges. …
IRS Reports Robust Financial Year Amid Significant Achievements and Challenges Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has announced an increase in the contribution limits for various retirement savings plans for the year 2025, marking a continued effort to enhance …
IRS Announces Increased Contribution Limits for Retirement Plans in 2025 Read More
WASHINGTON, D.C. — The Department of the Treasury and the Internal Revenue Service (IRS) have unveiled detailed guidance regarding the Energy Efficient Home Improvement Credit and the Advanced Manufacturing Production …
Treasury and IRS Issue New Guidance on Energy Efficient Home Improvement and Advanced Manufacturing Credits Read More
WASHINGTON, D.C. — As the 2025 tax season looms, the Internal Revenue Service (IRS) is advising taxpayers to bolster their identity security by enrolling in the Identity Protection Personal Identification …
IRS Urges Taxpayers to Enhance Security with IP PIN for 2025 Tax Season Read More WASHINGTON, D.C. — The Internal Revenue Service (IRS) has released the annual inflation adjustments for tax year 2025, encapsulated in Revenue Procedure 2024-40. These adjustments, impacting over 60 tax provisions, …
IRS Announces Key Inflation Adjustments for 2025 Tax Year Read More READING, PA — Representative Chrissy Houlahan (D-PA) has announced the Internal Revenue Service‘s (IRS) plan to fully reopen the Reading Taxpayer Assistance Center (TAC), a crucial facility for residents in …
IRS Announces Reopening Plan for Reading Taxpayer Assistance Center Read More
WASHINGTON, D.C. — In the wake of Hurricanes Milton and Helene, the Internal Revenue Service (IRS) is alerting taxpayers to the increased risk of scams involving fraudulent charities. These scams …
IRS Warns Against Fake Charities Exploiting Disaster Relief Efforts Read More