The Latest Breaking News from IRS

The IRS has adjusted federal income tax bracket ranges for the 2026 tax year to account for inflation. Here's what you need to know.

If you freelance, side hustle or sell products online, you're most likely familiar with the Form 1099-K. It's a form that specifically reports card payments and transactions from online platforms, apps or payment card processors. The 1099-K rules have changed a few times throughout the years, and they're changing again…

Many retirees believe that once they stop working, the IRS stops paying close attention. But in recent years, more seniors—especially those with modest, straightforward returns—are...

The Internal Revenue Service on Thursday announced the annual inflation adjustments for more than 60 tax provisions.

What is the standard deduction for your filing status in 2026?

Millions of Americans risk losing access to their tax refunds as the IRS moves to phase out paper cheques and require direct deposit or digital payments from September 2025.

Starting your own business is one of the most exciting things you’ll ever do. You’ve got your big idea, maybe even your first customer, and you’re ready to change the world!

If you’re retired and filing taxes, these five tax credits and deductions could provide thousands in relief (if you qualify).

Social media can be a great place to connect with like-minded people and discover new dinner recipes, but it's not the best place to get your tax advice. In a recent update, the IRS said it’s already assessed more than $162 million in penalties tied to false tax credit claims…