Chester County News and Community Website
WASHINGTON, D.C. — The Internal Revenue Service closed out the year with a flurry of policy moves that could quietly reshape how businesses, fuel distributors, and health insurance consumers handle …
IRS Unveils Sweeping Tax Rule Changes Buried Inside One Big, Beautiful Bill Read More
WASHINGTON, D.C. — The U.S. Treasury Department moved across a wide front in mid-December, hosting high-stakes regulatory talks with Europe, finalizing tax rules aimed at boosting Tribal economies, warning consumers …
Treasury Unleashes Sweeping Actions, From Cartel Sanctions to Tribal Tax Relief Read More
WASHINGTON, D.C. — The Internal Revenue Service and the Department of the Treasury on Friday issued new guidance aimed at easing compliance for businesses claiming carbon capture tax credits while …
IRS Unveils Carbon Capture Tax Safe Harbor, Rolls Out Digital Whistleblower Tool Read More WASHINGTON, D.C. — The Treasury Department and Internal Revenue Service moved this month to expand health savings accounts while showcasing record-setting enforcement results, signaling a dual push to broaden tax …
IRS Rolls Out Sweeping HSA Expansion, Touts $10.6B Crime Crackdown Read More
WASHINGTON, D.C. — The Treasury Department and Internal Revenue Service unveiled new guidance this week on the launch of “Trump Accounts,” a forthcoming class of individual retirement accounts for eligible …
New IRS Rules Spark Big Questions About ‘Trump Accounts’ for Children Read More WASHINGTON, D.C. — The Treasury Department and Internal Revenue Service this week opened a sweeping public comment period on a new federal tax credit tied to K–12 scholarship donations, a …
IRS Unveils New Education Tax Credit, Sparking Big Questions Ahead of 2027 Launch Read More
WASHINGTON, D.C. — The Department of the Treasury and the IRS this past week released two sets of sweeping tax guidance that could reshape financial planning for rural lenders, tipped …
IRS Unveils New Tax Breaks for Rural Lenders, Tipped Workers, and Overtime Earners Read More
WASHINGTON, D.C. — The Internal Revenue Service last week unveiled a sweeping set of cost-of-living adjustments that will raise how much Americans can save tax-free for retirement in 2026 — …
IRS Raises 401(k), IRA Limits for 2026 as Retirement Savings Thresholds Jump Again Read More WASHINGTON, D.C. — The Internal Revenue Service is giving tax professionals and employers fresh guidance — and a temporary break — as sweeping changes under the One Big Beautiful Bill …
IRS Unveils New Tools, Tip Relief Ahead of 2025 Tax Season Shake-Up Read More
WASHINGTON, D.C. — The Internal Revenue Service is urging more than 800,000 paid tax professionals across the nation to renew their Preparer Tax Identification Numbers (PTINs) before the end of …
IRS Warns Tax Preparers: Renew Identification Numbers Now or Risk Penalties Read More