The Latest Breaking News from IRS

You can use capital losses to offset gains, reduce taxable income and boost refunds. Learn smart tax strategies like harvesting and carrying forward losses.

Qualified privileges, unequal conspiracies, and a file in hand.

In this week's Ask the Editor Q&A, we answer reader questions on the charitable deduction.

Just as it was a scandal when the IRS under Obama allegedly targeted Tea Party groups.

When John, from North Carolina, called into "The Ramsey Show," he revealed that he and his wife were facing nearly $1 million in debt after closing down his business. A mix of loans, IRS taxes, credit cards, and a mortgage left the couple overwhelmed — and worried about their financial…

From benefit checks to IRS delays, here’s what could affect your wallet if the government shuts down.

When the pension stops, the silence is louder than you expect. After years of dependable deposits, retirees often underestimate how quickly the absence of a...

Many families assume their heirs will inherit assets tax-free, but recent and upcoming law changes may quietly shrink those windfalls. The combination of sunset provisions,...

Many people write a will once and forget it—but outdated documents can trigger costly surprises for heirs. Changing tax laws, asset values, and estate thresholds...

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…