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The Latest Breaking News from IRS

Prince estate valued at $156.4m at end of long legal battle

Remaining heirs and publishing company Primary Wave settle case with US tax agency, with estate valued at twice original appraisal

The Guardian - UK

It's final — Prince's estate is worth $156.4 million

MINNEAPOLIS — After nearly six years of legal wrangling, parties to Prince's estate have finally agreed on its value: $156.4 million.

Tribune News Service

7 Overlooked Tax Deductions for the Self-Employed

If you've recently gone into business for yourself, don't miss these sometimes overlooked credits and tax deductions for the self-employed.

Kiplinger

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457 Plan Contribution Limits for 2025

State and local government workers can contribute more to their 457 plans in 2024 than in 2023.

Kiplinger

Taxes on Retirees: A State by State Guide

See how each state treats retirees when it comes to income, sales, property and other taxes.

Kiplinger

Avoid Estimated Tax Payments in Retirement With RMD Withholding

If you don't need the money to live on, wait until December to take your RMD and ask the sponsor to withhold a big chunk for the IRS.

Kiplinger

13 Things Every Worker Needs to Know About the 2026 W-4 Form

Knowing how this IRS form works can help with new jobs, tax refunds, and avoiding estimated tax payments in 2026.

Kiplinger

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How did the child tax credit change over time?

The American Rescue Plan temporarily increased the child tax credit per child and expanded eligibility for lower income families. Now the credit is back to pre-pandemic levels.

USAFacts

How many new business applications were filed in 2020?

New business applications increased more in 2020 than the past 15 years combined.

USAFacts

How to Calculate RMDs (Required Minimum Distributions) for IRAs

Understand when and how to calculate RMDs and avoid stiff penalties from your tax-deferred IRA.

Kiplinger

Most-Overlooked Tax Breaks for Retirees and People Over 65

If you're over 65, don't miss out on these overlooked tax breaks for retirees.

Kiplinger

Taxes on Gambling Winnings and Losses: Nine Tips to Remember

Whether it’s online sports betting, a casino win, or a horse bet, don’t forget the gambling taxes.

Kiplinger

How Long Should You Keep Tax Records?

The IRS hasn't gone away — so don’t destroy tax documents until the time limit for an audit runs out, or maybe even longer.

Kiplinger

Should You File a Tax Extension? 5 Pros and Cons to Weigh Before April 15

It’s easy to extend your 2026 tax filing deadline to October, but don't ignore the April payment requirement.

Kiplinger

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Kiplinger

When Are Estimated Tax Payments Due in 2026?

You make quarterly estimated tax payments to the IRS if you are self-employed or don’t have taxes withheld from your income for other reasons.

Kiplinger

Required Minimum Distributions (RMDs): Rules, Deadlines, and SECURE 2.0 Changes

Here are some basics to know about RMDs and how these distributions can impact your taxes.

Kiplinger

The Roth IRA Advantage: 10 Things Every Saver Needs to Understand

A Roth IRA can be a great way to save for retirement, as the accounts have no required minimum distributions and you can withdraw the money tax-free.

Kiplinger

How Are Annuity Withdrawals Taxed?

Annuities offer powerful tax advantages and have a few pitfalls (that are avoidable). Here's how to cut your taxes and avoid surprises.

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news in one place.

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Kiplinger

11 Overlooked Tax Deductions and Credits

Don’t miss these often overlooked tax deductions and credits when you file your tax return this year.

Kiplinger

What Are Your Chances of an IRS Audit? 15 Audit Red Flags

These red flags could increase your chances of the IRS selecting your return for audit.

Kiplinger

How Charitable Donations Can Reduce Your Taxes

Is claiming a charitable donation tax deduction the right choice for you this tax season?

Kiplinger

Tax Extension: How to Get More Time to File Your Tax Return This Year

If you can't finish your federal tax return by Tax Day, you can get more time by filing a tax extension.

Kiplinger

14 Education Tax Credits and Deductions to Know

From the $20,000 529 plan expansion to the return of the student loan "tax bomb," the new Trump tax bill has overhauled how you pay for school. Here's where to save.

Kiplinger

Seven Things to Do Right Away If You're a Victim of a Data Breach

In today's digital age, data breaches have become all too common and leave unsuspecting consumers vulnerable to a host of identity theft issues.

Kiplinger

Ways to Keep More of Your Money in Retirement

No one likes paying taxes, especially once you've retired. So here are some steps to consider now that could help minimize your taxes later.

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