The Latest Breaking News from IRS

From financial gifts to Roth withdrawal rules, here’s what income stays tax-free under the new Trump 2025 tax bill, and some information on what’s changed.

Imagine this: you’re celebrating a birthday, anniversary, or holiday, and you pick out a thoughtful gift. The wrapping paper glistens, the bow sits perfectly, and your friend or partner lights up with joy as they tear it open. Everyone’s happy—until weeks later, you get slapped with a surprise credit card…

Here's a list of federal tax deductions and credits that you can't claim in the 2026 tax year. Plus, high-income earners could get hit by a 'surprise' tax bill.

Worship leader Sean Feucht's meteoric rise to prominence began in 2020 during the pandemic

These bad money habits, from tax mistakes to lifestyle creep, could drain your finances fast. Here’s what financial advisors want you to know.

Taxpayers age 65 and older might be able to benefit from a $6,000 'senior bonus' deduction in the next four tax years. Here are five ways to make it pay.

Tesla Inc. (NASDAQ: TSLA) has urged customers to lock in purchases ahead of the September 30 deadline for the Federal EV credit to avail the incentive, as Q3 deliveries look poised to exceed analyst estimates.

Now’s the time to meet with a tax professional.

See which five states offer seniors the biggest benefits from the Big, Beautiful Bill—and how these changes could improve retirement and healthcare access.

The $7,500 federal EV tax credit ends Sept. 30.

You know that uneasy feeling when you hear the word “taxes” and suddenly remember the unopened envelopes on your kitchen counter? Ignoring taxes might feel like hitting the snooze button on a problem you don’t want to face, but eventually, that alarm will get louder—and more expensive. Sure, filing taxes…