IRS Releases Retirement Highlights of Changes for 2025abswilsNov 14, 20241 min readClick below for more information.401(k) limit increases to $23,500 for 2025, IRA limit remains $7,000 | Internal Revenue Service
Firms Warn About IRS CP53E Notice ScamsAccounting firms are seeing an increase in scams involving the notices the IRS is sending to taxpayers when they don't provide their direct deposit information. See PDF linked below to read more.
Penalty Relief under the OBBBAThe IRS has announced penalty relief for the 2025 tax year for new tip and overtime reporting rules. For more information, read the PDF attached.
IRS Paper Checks DeadlineThe IRS, SSA, U.S. Department of Veteran Affairs, and other federal agencies will be phasing out physical checks by September 30. For...
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