IRS increases 401(k) contribution limits for 2026
The IRS will increase 401(k) and catch-up contribution limits for 2026, allowing workers to save up to $32,500 for retirement.
A West Virginia lawmaker and his wife have reached a settlement with the Internal Revenue Service to pay millions of dollars in personal taxes dating back nearly five years.
Sen. Jim Justice, 74, and his wife, Kathy Justice, reached the agreement on Monday, Nov. 24, the same day the lawsuit was filed in the U.S. District Court for the Southern District of West Virginia, according to court documents viewed by USA TODAY.
The couple agreed to pay $5,164,739.75 in unpaid federal income tax debt dating back to 2009, according to a joint motion for a consent decree filed with a judge and attorneys with the U.S. Department of Justice’s Tax Division.
Prior to being elected to the Senate, Mr. Justice served as the 36th Governor of West Virginia from 2017 to 2025, until his seat was won by Governor Patrick Morrissey in November 2024.
Jim Justice and his wife will also have to pay interest, court filings reveal.
Under the proposed settlement, the billionaire coal magnate and his wife will also have to pay statutory interest and other additional taxes until the debt is paid in full, according to the two-page document.
The filing comes after the IRS filed a tax lien notice against the couple, saying they owe more than $8 million in unpaid assets, Politico reported last month.
USA TODAY has reached out to the Department of Justice.
Natalie Neisa Alland is a senior reporter at USA TODAY. Contact her at nalund@usatoday.com and follow her at X @nataliealund
