diff --git a/CHANGELOG.md b/CHANGELOG.md
index f88284ceced1..c5c71a66eb6d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -14,6 +14,7 @@ Compatibility:
 * Add `Exception#detailed_message` method (#3257, @andrykonchin).
 * Fix `rb_enc_vsprintf` and force String encoding instead of converting it (@andrykonchin).
 * Add `rb_gc_mark_movable` function (@andrykonchin).
+* Promote `File#path` and `File#to_path` to `IO#path` and `IO#to_path` and make IO#new accept an optional `path:` keyword argument (#3039, @moste00)
 
 Performance:
 
diff --git a/spec/tags/core/io/path_tags.txt b/spec/tags/core/io/path_tags.txt
deleted file mode 100644
index 2c0103ed2f90..000000000000
--- a/spec/tags/core/io/path_tags.txt
+++ /dev/null
@@ -1 +0,0 @@
-fails:IO#path returns the path of the file associated with the IO object
diff --git a/src/main/ruby/truffleruby/core/file.rb b/src/main/ruby/truffleruby/core/file.rb
index 67f270a38200..6b642e2ef3df 100644
--- a/src/main/ruby/truffleruby/core/file.rb
+++ b/src/main/ruby/truffleruby/core/file.rb
@@ -37,11 +37,6 @@
 class File < IO
   include Enumerable
 
-  class FileError < Exception; end # rubocop:disable Lint/InheritException
-  class NoFileError < FileError; end
-  class UnableToStat < FileError; end
-  class PermissionError < FileError; end
-
   # these will be necessary when we run on Windows
   DOSISH = false # Primitive.as_boolean(RUBY_PLATFORM =~ /mswin/)
   CASEFOLD_FILESYSTEM = DOSISH
@@ -1161,14 +1156,12 @@ class << self
   def initialize(path_or_fd, mode = nil, perm = nil, **options)
     if Primitive.is_a?(path_or_fd, Integer)
       super(path_or_fd, mode, **options)
-      @path = nil
     else
       path = Truffle::Type.coerce_to_path path_or_fd
       nmode, _binary, _external, _internal, _autoclose, perm = Truffle::IOOperations.normalize_options(mode, perm, options)
       fd = IO.sysopen(path, nmode, perm)
 
-      @path = path
-      super(fd, mode, **options)
+      super(fd, mode, **options, path: path)
     end
   end
 
@@ -1208,10 +1201,6 @@ def stat
     Stat.fstat Primitive.io_fd(self)
   end
 
-  def path
-    @path.dup
-  end
-  alias_method :to_path, :path
 
   def truncate(length)
     length = Truffle::Type.coerce_to length, Integer, :to_int
diff --git a/src/main/ruby/truffleruby/core/io.rb b/src/main/ruby/truffleruby/core/io.rb
index ca300fbf6293..1489c97a5ead 100644
--- a/src/main/ruby/truffleruby/core/io.rb
+++ b/src/main/ruby/truffleruby/core/io.rb
@@ -842,7 +842,7 @@ def initialize(fd, mode = nil, **options)
     @external = nil
     @pid = nil
 
-    mode, binary, external, internal, autoclose_tmp, _perm = Truffle::IOOperations.normalize_options(mode, nil, options)
+    mode, binary, external, internal, autoclose_tmp, _perm, path = Truffle::IOOperations.normalize_options(mode, nil, options)
 
     fd = Truffle::Type.coerce_to(fd, Integer, :to_int)
     sync = fd == 2 # stderr is always unbuffered, see setvbuf(3)
@@ -853,6 +853,7 @@ def initialize(fd, mode = nil, **options)
 
     @autoclose = autoclose_tmp
     @pipe = false
+    @path = path
   end
 
   ##
@@ -1217,6 +1218,11 @@ def prepare_read_string(str)
     @lineno += 1
   end
 
+  def path
+    @path.dup
+  end
+  alias_method :to_path, :path
+
   ##
   # Return a string describing this IO object.
   def inspect
diff --git a/src/main/ruby/truffleruby/core/truffle/io_operations.rb b/src/main/ruby/truffleruby/core/truffle/io_operations.rb
index e49f89aa7421..ee01aeace6c1 100644
--- a/src/main/ruby/truffleruby/core/truffle/io_operations.rb
+++ b/src/main/ruby/truffleruby/core/truffle/io_operations.rb
@@ -543,10 +543,15 @@ def self.normalize_options(mode, perm, options, default_mode = nil)
             external, internal = encoding.split(':', 2)
           end
         end
+
+        path = options[:path]
+        unless Primitive.nil? path
+          path = StringValue(path)
+        end
       end
       external = Encoding::BINARY if binary and !external and !internal
       perm ||= 0666
-      [mode, binary, external, internal, autoclose, perm]
+      [mode, binary, external, internal, autoclose, perm, path]
     end
   end
 end