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The Latest Breaking News from IRS

Claiming Elderly Parents As Dependents: What If They Get Social Security?

If you’re helping support an aging parent, you might be leaving money on the table at tax time. Many people assume that once a parent...

Saving Advice

Direct Deposit Refunds Are Being Returned by Banks When Names Don’t Match the Account

Ever sent a payment into what you thought was a secure financial space, only to have it spit right back at you? That’s exactly what’s happening with direct deposit refunds lately. Banks across the country have started returning refunds when the name on the payment doesn’t exactly match the name…

The Free Financial Advisor

The Self-Employment Tax Shock Many Retirees Don’t See Coming

Retirees, especially those who had W-2 jobs during their working lives, might be surprised to learn how much tax they owe on these earnings.

GOBankingRates

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5 Expenses You Can Still Deduct in 2026 — Even If You Take the Standard Deduction

While above-the-line adjustments are available to those who itemize and those who take standard deduction, there are possible limitations for some taxpayers.

GOBankingRates

I Asked ChatGPT What Happens If You File Your Taxes Late — Here’s What It Said

ChatGPT reveals what happens if you miss the tax filing deadline and how it could affect your refund and finances.

GOBankingRates

I Asked ChatGPT What Would Happen If the US Taxed SNAP Benefits: The Answer Shocked Me

If SNAP benefits were taxed as income, what would happen? Here’s what ChatGPT says might happen, including shrinking grocery buying power. Find out more.

GOBankingRates

Why Every Newly Married Woman Should Update Her Social Security Record Right Away

The wedding may be over, the dress carefully packed away, and the thank-you notes finally sent—but one tiny administrative task still carries massive importance. Updating a Social Security record after marriage does not exactly scream excitement, yet it quietly holds the power to protect future benefits, avoid frustrating delays, and…

The Free Financial Advisor

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The 5 Tax Mistakes Costing Americans an Extra $500 to $3,200 Per Year

From overlooked deductions to misreported investment income, tax professionals described the five tax mistakes that could cost thousands of dollars each year.

GOBankingRates

I’m an Accountant: The Most Common Tax Moves That Trigger Extra Scrutiny

An accountant explained to GOBankingRates common moves that can trigger IRS audits, including income mismatches, inflated deductions and rounded numbers.

GOBankingRates

The ‘Quarterly Trap’: Why So Many New Retirees Are Getting IRS Underpayment Notices

Retirement is supposed to simplify your life, but for many new retirees, it’s doing the opposite when tax season rolls around. Instead of a clean...

Saving Advice

Don’t File Yet: The Biggest Tax Mistakes You Might Make In 2026

Taxes. They sneak up every year like an uninvited relative at the holiday table, and just when you think you’ve got a handle on it, a tiny misstep can cost hundreds or even thousands of dollars. 2026 promises to bring fresh changes to deductions, credits, and reporting requirements, and ignoring…

The Free Financial Advisor

Ask the Editor, April 3: Questions on Tax Return Filing Deadline

In this week's Ask the Editor Q&A, Joy Taylor answers questions on the due date for filing your federal tax return and other tax filing subjects.

Kiplinger

IRS Refund Delays Surge: Incorrect Bank Info Is Triggering Weeks-Long Payment Holds

The refund clock has started ticking—and for a growing number of taxpayers, it has suddenly slowed to a crawl. What should feel like a quick financial win has turned into a waiting game, with weeks stretching out far beyond the usual timeline. A simple string of numbers, entered just slightly…

The Free Financial Advisor

5 Financial Freebies Every Investor Should Claim

How to increase wealth without the IRS taking a penny

The Independent UK

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GOBankingRates

Do You Have To Worry About Taxes If You Have SNAP Benefits?

Taxes are entirely off the table. Here's what you need to know, according to tax experts.

Saving Advice

The Mystery Box Scam: Why Unsolicited Packages Are a Red Flag for Identity Theft

You see there’s a package on the front porch, but you don’t remember ordering anything. Hey, we’ve all ordered some things from packages from Amazon...

The Conversation

The nonprofit status of NCAA athletic departments is starting to raise questions

With all the talk of busted brackets, game-winning shots, point spreads and Cinderellas, it was easy to miss the eye-popping offer University of Michigan star forward Yaxel Lendeborg claimed to have received during the first weekend of March Madness.

GOBankingRates

I Asked AI the Biggest Tax Filing Risks in 2026: Here’s What It Said

Tax filers face big changes this year. You'll need to pay careful attention to some new rules to avoid making mistakes that could cost you a lot of money.

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International Business Times UK

Don't Be Misled: The IRS Fresh Start Programme Won't Wipe Out All Your Debt

Explore the IRS Fresh Start Initiative, its benefits, and common misconceptions. Learn how it helps manage tax debt without erasing it.

Kiplinger

Stop Using Your Smartwatch for Mileage (Until You Read This IRS Rule)

You bought your watch for tracking steps, but the IRS tracks your mileage. Did you miss out on this key tax deduction?

GOBankingRates

IRS Warns About ‘Ghost’ Tax Preparers — How To Spot One Before It’s Too Late

Ghost tax preparers are still on the IRS dirty dozen list for 2026. Learn more about the red flags and refund risks, as well as how to avoid filing scams.

The Free Financial Advisor

Tax Payments Reversed: Why Some Filers Are Getting “Failed Transaction” Notices

Tax season delivers enough drama on its own, but nothing raises eyebrows faster than a payment that vanishes after it supposedly went through. One moment shows a successful tax payment, the next flashes a “failed transaction” notice like a digital plot twist nobody asked for. That kind of whiplash grabs…

GOBankingRates

6 Signs Your Tax Situation Has Gotten Too Complicated for You To Self-File

Self-filing can backfire if your taxes are complex. Here are six signs it may be time to hire a professional and avoid costly tax mistakes. Find out more.

GOBankingRates

I’m a CPA: Here Are the Biggest Surprises I’m Seeing as I File My Clients’ 2025 Returns

A CPA reveals the biggest tax surprises showing up on 2025 returns, from refund changes to deductions clients didn’t expect.

GOBankingRates

I’m a CPA: 3 Tax Changes Middle-Class Filers Should Watch Out for This Year

Here are a few tax updates worth checking before you file, especially for middle-class taxpayers.

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