Jan. 13, 2025 | IRS Extends Tax Deadline for Those Affected by California Wildfires Individuals who reside or have business in the Federal Emergency Management Agency (FEMA) designated disaster area, which includes all of Los Angeles County, now have until October 15, 2025.
Nov. 1, 2024 | IRS Increases 401(k) Limits The IRS has announced that individuals can now contribute more to their 401(k) in 2025. IRA limits remain the same.
Oct. 23, 2024 | IRS Announces New Tax Brackets for 2025 The IRS has announced its new inflation-adjusted tax brackets for 2025, with the annual income thresholds rising by about 2.8% from 2024.