Irs Fact Sheet 2024. The irs, in a fact sheet released thursday, reminded taxpayers that crowdfunding distributions may be includible in the gross income of the person receiving them, depending on the distributions' facts and. Under section 601 of the secure 2.0 act, an employer that maintains a sep or simple ira plan can offer participating employees the option to designate a roth ira as the ira to which contributions under the arrangement or plan are made.
As directed by the inflation reduction act of 2022, the irs is taking steps to implement a limited, scaled direct file pilot in the 2024 filing season to further assess. The information returns to report backup withholding are generally due to the irs on the following dates: