Higher-income participants of 401(k)s and similar retirement plans have until 2026 to make an catch-up contributions. These must be designated as after-tax Roth contributions.

 Ask Blue J, which utilizes generative artificial intelligence, has been introduced for tax research by Toronto, Ont.-based Blue J.

A Westminster, Calif.-based tax preparer, who used stolen identities, must repay $3.8 million to the Internal Revenue Service and serve 41 months in prison. after being stenced this month.. He obtained the IDs from a corrupt social worker for a variety of fraudulent uses.