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The Latest Breaking News from IRS

I Asked ChatGPT Which Tax Moves Can Trigger IRS Penalties Years Later

I enlisted ChatGPT to help me dig up what you need to know about how the IRS can penalize you down the road, and how to avoid it.

GOBankingRates

Ask the Editor, February 20: Questions on Tax Breaks for Caregivers

In this week's Ask the Editor Q&A, Joy Taylor answers questions on tax breaks for caregivers

Kiplinger

I'm a Financial Planner: This Is How You Can Legally Divorce the IRS for the Rest of Your Life

With some careful planning focused on the standard deduction, retirees who have large sums in tax-deferred accounts can avoid unpleasant tax bills and even part ways with the IRS for good.

Kiplinger

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9 Ways the Wealthy Waste Thousands in Taxes: A Checklist for What Not to Miss

The tax code contains plenty of legitimate ways for the wealthy and business owners to cut taxes. Use this checklist to minimize taxes and stay compliant.

Kiplinger

IRS Confirms Post–Feb. 20 Refund Push — These Filers May Get Paid First

Tax refund season is officially here, and the IRS has officially confirmed a push that will be happening after tomorrow, Friday, February 20. All returns...

Saving Advice

Inflation‑Indexed Tax Changes Boost Family Credits More Than Benefits for Child‑Free Households

The inflation‑indexed tax changes rolling out for 2026 are designed to help taxpayers keep pace with rising prices, but not everyone benefits equally. Families with children are seeing the biggest boosts thanks to expanded credits and more generous inflation adjustments. Meanwhile, child‑free households, including the large and growing population of…

Dinks Finance

IRS Notice Warning: One Missing Detail That Can Stall Your Refund for Weeks

Paper tax refund checks started being phased out by the IRS on September 30, 2025. As a result, more people are expected to see stalls...

Saving Advice

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New 2026 Tax Adjustments Leave Households Without Dependents Receiving Smaller Gains

The 2026 tax adjustments are rolling out with a lot of attention on families, parents, and households with dependents, but child‑free households are noticing something different. While inflation adjustments and bracket shifts offer modest relief, the gains for couples and individuals without dependents are noticeably smaller than what other groups…

Dinks Finance

Am I Exempt From Federal Withholding? Do I Still Get a Refund?

If you're concerned about filing your taxes correctly, keep reading to find out what this tax exemption means and whether or not you qualify for it.

GOBankingRates

Refund Still “Processing”? The 3 IRS Codes That Signal a Hold in 2026

You filed early, double-checked your math, and have been refreshing the IRS portal every morning. Instead of a date, you see that generic processing message that feels like a digital shrug. It is frustrating to watch your plans for that money stall while the government remains silent. Honestly, the IRS…

Budget and the Bees

8 Things You Should Never Post on Social Media During Tax Season — Because Scammers Are Watching, Not the IRS

Everyone loves a good overshare until it backfires, and nothing backfires faster than posting the wrong thing during tax season.

Clever Dude

Three costly retirement regrets in your 70s and 80s - and how to avoid them

‘Having a comprehensive plan is rarely something anyone regrets,’ one expert said

The Independent UK

No Bank Account? Your IRS Refund Could Be Frozen Until You Fix This

Tax season usually brings a sense of relief, but for many, that anticipated check feels like a mirage. You did the work and waited your turn. Yet, if you lack a traditional bank account, the IRS might be holding your money in digital limbo. It is frustrating to feel like…

Budget and the Bees

Why the IRS May Hold Certain 2026 Refunds for Additional Verification

A large number of Americans rely on their annual tax refunds to make ends meet. It may help them catch up on bills, pay off...

Saving Advice

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The Independent UK

Jury to get tax-evasion case against Supreme Court lawyer who became high-stakes poker player

A trial is drawing to a close for the tax-evasion case against a prominent Supreme Court lawyer accused of failing to pay taxes on millions of dollars in winnings from ultra-high-stakes poker games

Saving Advice

IRS Scam Alert: The Viral “Refund Trick” Misleading Seniors Online

A Credit Karma survey found that somewhere around 37% of tax-paying Americans rely on their refund to get by. Among millennials, that number rises to...

Budget and the Bees

IRS Refund Release Window Opens After Feb. 20 — Here’s Who Gets Paid First

The wait for a tax refund can feel like a lifetime. You checked the app and still see the same processing message. There is a specific reason for this delay, and it is finally about to clear. After February 20, the IRS is set to trigger a massive wave of…

The Free Financial Advisor

Millions of Gig Workers May Be Missing This Key IRS Requirement

You can hustle every day, grind through back-to-back deliveries, finish freelance projects at midnight, and still get blindsided by the IRS if you miss one crucial requirement. Millions of gig workers focus on earning income but ignore the tax rule that keeps that income safe from penalties.

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GOBankingRates

These Q1 Tax Moves Could Claw Back a Ton of Money From Last Year

Tax Day will be here before you know it. If you're worried about a looming tax bill or want to maximize your refund amount, there are Q1 tax moves you can make right now to settle up from the previous...

Beating Broke

10 Common Budget Mistakes Smart Earners Make (And How to Fix Them Fast)

Budgeting traps don’t just happen to those that are barely eking out a living Even high earners fall into these traps that quietly destroy their savings and increase financial stress. Research shows that nearly 65% of Americans earning over $100,000 still live paycheck to paycheck. The issue isn’t income —…

Everybody Loves Your Money

7 Exemption Renewal Failures That Cancel Tax Breaks

A tax break feels solid and dependable right up until the moment it disappears. One overlooked renewal notice, one unchecked box, one missed filing, and the benefit you counted on can evaporate, leaving you with a larger bill and a smaller sense of control.

GOBankingRates

I Sold Bitcoin and Owed This Much in Taxes — Here’s How To Calculate Yours

Sold bitcoin and got a tax shock? Learn how crypto capital gains are taxed and how to calculate what you may owe the IRS.

Bored Panda

46 Divorce Lawyers Share Stories So Messed Up They Still Haunt Them Today

Not all divorces are ugly. However, those that take on a dark turn are some of the worst stories you may hear about, much like what you’re about to read. These are responses from a recent Reddit thread where people candidly shared the cruelest things someone did to their former…

The Free Financial Advisor

5 Years Without Filing: 8 Hidden Consequences That Make People Avoid the IRS

You can ignore a lot of problems and still sleep at night. Five years without filing a tax return does not belong on that list.

inkl

9 Costly Tax Traps Small Business Owners Miss

You're investing your time, energy, and savings into the activities of your small firm. However, just one silent tax fault can wipe out your earnings for several months. Most business owners focus on revenues but overlook the tax risks hidden, which can lead to audits and penalties. The Internal Revenue…

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