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Matt Barnes, former Red Sox All-Star, retires: ‘More than I ever could have imagined’

NY Post
2 months ago
The 36-year-old has made his goodbye to baseball official.
Justin Terranova

Bills owner’s wife makes rare appearance after near-death scare

NY Post
2 months ago
She made her first known public appearance since July 2024 on Saturday as the team welcomed fans to its new $2.2 billion stadium for the first time.
Justin Tasch

Wedding guests are sick of giving gifts — these newlyweds agree: ‘We do not want anything’

NY Post
2 months ago
“Don’t even bother,” they told guests, “with gifts.” 
Iva Dixit

Travel influencer riddled with bleeding bed bug bites after one-night stay at popular international hotel: ‘Wouldn’t wish this on my worst enemy’

NY Post
2 months ago
Itchy, bleeding red welts across her arms, legs, chest and face are the unsightly parting gifts Hannah Stephenson after patronizing a popular hotel chain.
Asia Grace

Plane passengers restrain lunatic who threatened crew and ‘felt like’ opening emergency exit midflight

NY Post
2 months ago
The passenger was later arrested after also threatening others and destroying the exit window panel.
Chris Nesi

Gavin Newsom hosted secret CEO soiree at gov’s mansion with sister who runs his wine business

NY Post
2 months ago
Gavin Newsom and his business partner sister are drawing scrutiny after The Post obtained his calendars.
Josh Koehn

High-flying landowner who said he’d shoot beach ‘trespassers’ finally snared — as he blows up at judge

NY Post
2 months ago
The San Francisco man clashed with the judge over his arrest, bond and claims he was never notified of the hearing.
Zain Khan

IRS To Propose Retirement Regulations Impacting Millions Of Taxpayers

Zero Rss
2 months ago
IRS To Propose Retirement Regulations Impacting Millions Of Taxpayers

Authored by Naveen Athrappully via The Epoch Times,

The Internal Revenue Service (IRS) and the Department of the Treasury plan to propose regulations for a federal retirement savings incentive program, including eligibility criteria and income thresholds for qualifying for such benefits.

IRS Chief Executive Officer Frank J. Bisignano (L) speaks as President Donald Trump looks on prior to signing a presidential proclamation honoring the 90th anniversary of the Social Security Act in the Oval Office on Aug. 14, 2025. Mandel Ngan/AFP via Getty Images

Aimed at low- and moderate-income taxpayers, the IRS Saver's Match is a new federal program that seeks to promote retirement savings. In general, Saver's Match will replace the existing Saver's Credit program for taxable years beginning in 2027.

Under the program, the government will provide eligible taxpayers up to 50 percent of the first $2,000 in retirement savings contributions made to an employer-sponsored retirement plan or IRA.

The amount caps at $1,000 annually and will be paid to eligible individuals beginning in 2028 based on the retirement contributions they made in the 2027 tax year, the IRS said in an Aug. 7 statement.

In a notice issued on Friday, the IRS and the Treasury described regulations that they expect to be in the forthcoming proposed rules.

Four types of retirement savings contributions would qualify for Saver's Match: contributions to a Roth or traditional IRA; contributions made to a section 501(c)(18) plan; certain voluntary, after-tax employee contributions to a qualified retirement plan; and elective deferrals, such as those made to a section 401(k) plan.

"Millions of low- and moderate-income Americans will have the opportunity to strengthen their retirement savings through the Saver's Match program," IRS Chief Executive Officer Frank J. Bisignano said in the statement.

"The Saver's Match makes saving easier and more rewarding by providing a direct federal contribution to an eligible taxpayer's retirement account. The notice is an important first step in implementing President [Donald] Trump's Executive Order with respect to the Saver's Match program," Bisignano said.

Bisignano was referring to the "Promoting Retirement-Savings Access for American Workers by Establishing TrumpIRA.gov" executive order signed by Trump on April 30.

In the order, Trump said that tens of millions of Americans lack access to employer-sponsored retirement plans, with small-business workers, independent contractors, the self-employed, and part-time workers facing "unnecessary barriers to saving for retirement."

The administration intends to ensure these people can obtain up to $1,000 in matching savings they make, Trump wrote, while calling for increased public awareness of the Saver's Match program.

The order directed the Treasury Secretary to establish the TrumpIRA.gov website by Jan. 1, 2027, to provide individuals with information on low-cost, high-quality IRAs.

In its latest statement, the IRS said that the agency and the Treasury anticipate TrumpIRA.gov will list financial institutions that offer IRAs and accept Saver's Match contributions.

According to the TrumpIRA.gov website, roughly 41 million American workers aged 18-65 lack access to employer-provided retirement plans.

"A 25-year-old worker who saves about $165 per month and qualifies for a $1,000 annual Saver's Match could retire with roughly $465,000 at age 65," the website said.

Out of the $465,000, almost $155,000 is expected to come directly from the Saver's Match contributions. The calculations assume an annual return of 6 percent.

Income Thresholds, Saver's Credit

To qualify for the Saver's Match, an individual must be at least 18 years old during the taxable year, according to the IRS and Treasury notice.

For 2027, single filers with a modified adjusted gross income of $35,500 or more do not qualify for the Saver's Match. The same limit applies to married people who file separately.

For married couples who file jointly, the threshold is $71,000, and for the household head, the maximum limit is $53,250.

For taxable years after 2027, these thresholds will be adjusted based on inflation. The Saver's Match claim must be made through a separate Form 8880-A.

While Saver's Match will replace the existing Saver's Credit program, for certain contributions made to Achieving a Better Life Experience accounts, Saver's Credit will continue to be available.

Unlike Saver's Match, which is an amount directly paid to a person's retirement account, Saver's Credit offers a nonrefundable tax credit as an incentive.

Tyler Durden Mon, 08/10/2026 - 11:00
Tyler Durden

David Harbour Talks ‘DTF St. Louis’s 13 Emmy Nominations And Why It Feels Different Than It Did With ‘Stranger Things’

NY Post
2 months ago
David Harbour is hoping that the third time is the charm for him at the Emmys. 
mliss1578

Fanatics Sportsbook promo code NYPOST26: Get up to $1,000 matched in FanCash for NFL preseason games

NY Post
2 months ago
Get Up To $1,000 matched in FanCash with Fanatics Sportsbook promo code NYPOST26.
Malik Smith

Hilary Duff pays tribute to late ex-boyfriend Aaron Carter during Philadelphia concert

NY Post
2 months ago
Since the troubled child star's tragic 2022 passing, the "Lizzie McGuire" actress has paid tribute to him several times.
mliss1578

Hilary Duff pays tribute to late ex-boyfriend Aaron Carter during Philadelphia concert

NY Post
2 months ago
Since the troubled child star's tragic 2022 passing, the "Lizzie McGuire" actress has paid tribute to him several times.
Jolie Zenna

Massive 7.4-magnitude earthquake strikes Colombia, kills at least 20

NY Post
2 months ago
The quake follows two back-to-back June temblors in Venezuela.
Associated Press

31+ Amazon deals on classroom essentials, recommended by teachers

NY Post
2 months ago
Recommended by teachers for this year's classroom reset.
Victoria McDonnell

Ex-Wisconsin Gov. Scott Walker warns Republicans against backing ‘VERY dangerous’ DSA-backed Francesca Hong in Dem primary

NY Post
2 months ago
Former Wisconsin Gov. Scott Walker warned mischief-minded Badger State Republicans Sunday not to cross party lines in Tuesday's contest.
Ryan King

Naked woman allegedly steals fire truck for bizarre late-night joyride

NY Post
2 months ago
It wasn’t just the lights flashing on this fire truck. A crazy Wisconsin woman allegedly stole a fire truck for a bizarre naked joyride. Emily Fair, 36, was busted in the bare in the truck nabbed from the Pleasant Prairie fire station in the early hours last Tuesday after making a series of confusing radio...
Chris Bradford

‘Ted Lasso’ Episode Guide: What Day Does ‘Ted Lasso’ Come Out? When Do New Episodes Of ‘Ted Lasso’ Come Out?

NY Post
2 months ago
We need more Ted now!
mliss1578

Mom shares warning after 4-year-old suffers stroke following common childhood disease

NY Post
2 months ago
Olivia Elliot, now 5, woke up vomiting and complaining of a headache in June 2025.
SWNS

Goldie Hawn, 80, stuns in swimsuit on European getaway with family

NY Post
2 months ago
The actress danced in the black one-piece in a playful Instagram video posted last week, while her A-list daughter cheered behind the camera.
mliss1578

Goldie Hawn, 80, stuns in swimsuit on European getaway with family

NY Post
2 months ago
The actress danced in the black one-piece in a playful Instagram video posted last week, while her A-list daughter cheered behind the camera.
Riley Cardoza

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