Treasury and the #IRS announce penalty relief for new reporting requirements on cash tips and qualified overtime compensation under the One, Big, Beautiful Bill. For more information, see: irs.gov/obbb | IRS
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The IRS has announced new 401(k) contribution limits for 2026, increasing the employee deferral limit to $24,500 next year, up from $23,500 in 2025. The agency also unveiled 2026 catch-up contribution limits for savers age 50 and older, new individual retirement account savings limits and higher income thresholds for Roth IRA contributions. Read more: cnb.cx/49MZQGM | CNBC
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TONIGHT: Incoming IRS criminal chief Gary Shapley, an IRS supervisor who oversaw the Hunter Biden investigation, told CBS News in an exclusive interview that he won't bow to pressure if the Trump administration asks him to investigate political enemies. Watch more of Shapley's interview with CBS News' Jim Axelrod on "CBS Evening News" at p.m. ET. | CBS News
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