IRS Reminds Low- and Moderate-Income Taxpayers of Saver’s Credit to Save Retirement Savings in 2025 and Future Years, IR-2024-298
The IRS reminded low- and moderate-income taxpayers to save for retirement now and possibly earn a tax credit in 2025 and future years through the Saver’s Credit. The Retirement Savings Contribution...

IRS and Security Summit Partners Warn Against Bad Tax Advice on Social Media, IR-2024-302
The IRS and Security Summit partners issued a consumer alert regarding the increasing risk of misleading tax advice on social media, which caused people to file inaccurate tax returns. To avoid mist...

IRS and Security Summit Recommend Joining IP PIN Program, IR-2024-303
The IRS and the Security Summit partners encouraged taxpayers to join the Identity Protection Personal Identification Number (IP PIN) program at the start of the 2025 tax season. IP PINs are availabl...

IRS Warns Taxpayers to Avoid Promoters of Fraudulent Charitable Contribution Tax Schemes, IR-2024-304
The IRS warned taxpayers to avoid promoters of fraudulent tax schemes involving donations of ownership interests in closely held businesses, sometimes marketed as "Charitable LLCs." Participating in...

Security Summit Urges Updating Digital Security to Prevent Identity Theft, IR-2024-306
The IRS, along with Security Summit partners, urged businesses and individual taxpayers to update their security measures and practices to protect against identity theft targeting financial data. Th...

2024 Required Amendments List Issued, Notice 2024-82
The IRS has issued its 2024 Required Amendments List (2024 RA List) for individually designed employee retirement plans. RA Lists apply to both Code Secs. 401(a) and 403(b) individually designed p...

IL - Volunteer emergency worker credit rule amended
Illinois amended a rule on the personal income tax credit for volunteer emergency workers. The amendment implements a law change, effective beginning with the 2024 tax year, that expands the credit t...