The Latest Breaking News from IRS

The 0.01% have significant ways of protecting their wealth, and surprisingly, most of them are available to the common taxpayer — and even affordable to do.

Suze Orman explains why this overlooked retirement benefit could boost your savings and help secure a stronger financial future.

The average refund in 2025 was around $3,000, which means that if you're getting a refund, you're likely overpaying the IRS.

In this week's Ask the Editor Q&A, Joy Taylor answers questions on IRAs, 401(k)s and required minimum distributions

Retirement is a huge milestone. Naturally, you spent decades working toward it. However, the party eventually ends. Once the steady paychecks stop, the reality of a fixed income sets in. Honestly, this shift feels strange. In a way, you switch from saver to spender. Suddenly, every dollar leaving your account…

“It’s like taking the dust jacket off of the book and saying, ‘We’ve got rid of the book,’” one federal employee said.

As the year winds down, many people start thinking about holiday plans, New Year’s resolutions, or how fast the months flew by. Few, however, pause to consider one of the most exciting things a savvy taxpayer can do: cut their tax bill before December 31st. Yes, it’s thrilling in its…

The IRS Criminal Investigations unit is doing more than just cracking down on tax evaders

Several categories of gifts don’t count toward annual gift tax limits. Here's what you need to know.