Federal Tax News for Individuals

Do a tax withholding checkup As we get closer to the end of the year, employees only have a few paychecks left for 2024. If you're an employee who received a surprise tax bill – possibly with penalties – for […]

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Federal Tax News for Individuals

Taking Money Out of Your IRA If you withdraw money from a traditional IRA before age 59½, you'll generally owe income tax plus a 10% penalty on the amount. But there are exceptions, including if you withdraw the money to […]

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Federal Tax News for Individuals

1. Making Cash Gifts in 2023 and 2024 2. How Life Affects Taxes 3. Last Chance to Minimize Your 2023 Tax Bill 4. Appointing Someone to Handle Your Tax Matters 5. 2024 Social Security Figures

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