The Latest Breaking News from IRS

Homeowners who sell at a loss usually get no tax break, even as falling prices and higher borrowing costs push more sales into the red, tax experts warn.

Many seniors believe their tax burden shrinks after retirement, but hidden increases often tell a different story. Quiet tax hikes—like bracket creep, benefit taxation, and...

In a move that brought relief to millions of gig workers and casual sellers, the IRS officially delayed enforcement of the controversial $600 reporting threshold for third-party payment platforms. That means platforms like PayPal, Venmo, eBay, and Etsy won’t be required to send you a 1099-K unless you earn over…

In this week's Ask the Editor Q&A, Joy Taylor answers questions on the 20% tax deduction for qualified business income or QBI.

Whether you’re a family member caring for an aging parent or a hired professional supporting a senior, caregiving is often a labor of love—and a...

If you are holding out hope for a big stimulus payment before the end of 2025 or even moving into 2026, here are some things to consider first.

A bill awaiting President Donald Trump's signature aims to make IRS error notices clearer and easier to understand. The IRS Math and Taxpayer Help Act would require the agency to spell out exactly what mistake was found on a tax return, how much tax is owed, how to respond and…

Every year, millions of Americans file their taxes early in hopes of receiving a quick refund. But next year, a subtle change in IRS processing...

Phone scams are becoming increasingly sophisticated, and the individuals behind them are sounding more convincing than ever. They rely on fear, urgency, and confusion to make you act before you think. Recognizing a scam call early can save your money, credit, and peace of mind. That’s why it’s essential to…