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The Latest Breaking News from IRS

2 Tax Rules That Could Cut Profits When You Rent Your House

If you choose to rent out your home for extra income, build equity and have someone else pay your mortgage, you might be in for a surprise in terms of taxation.

GOBankingRates

Urgent Action: Protect Your Heirs from the Coming Estate Tax Battle

Estate taxes—often called the “death tax”—have long been a contentious issue in American politics. For seniors, the debate is more than theoretical. Proposed changes to...

Saving Advice

I'm a Financial Planner: Here's How to Make the Most of Your Charitable Giving on a Budget

Maximizing the charitable donations you plan to make this year can help your financial plan stay on track and help give the most to the causes you care about.

Kiplinger

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read the most diverse news in one place.

5 Retirement Account Withdrawal Tactics to Slash Your Tax Bill

Retirement accounts are designed to provide financial security, but withdrawals can trigger significant tax bills. Seniors who saved diligently may be surprised to see large...

Saving Advice

IRS Explains How US Workers Can Claim Trump's Tips, Overtime Deductions For 2025 Tax Year With Actual Use Cases

The IRS has issued guidance on how millions of US workers can claim deductions on cash tips and overtime income for the 2025 tax year, with actual use cases provided.

International Business Times UK

Retirement Accounts Facing Quiet Threats From New Banking Rules

Most savers assume their retirement accounts are safe, quietly growing until the day they need them. But new federal banking and tax regulations are reshaping...

Saving Advice

IRS Sues GOP Senator Jim Justice Over Millions In Unpaid Taxes

US tax authorities are suing Senator Jim Justice in a sweeping civil case claiming more than £4 million ($5.16 million) in unpaid federal income taxes dating back to 2009.

International Business Times UK

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Tori Spelling's Shocking Debt: Actress Owes $1.3 Million to the IRS and the California Franchise Tax Board

Divorce filings reveal Tori Spelling's staggering debt. She and Dean McDermott face a $1.7M tax bill to the IRS and state, exposing her turbulent financial past and uncertain future.

International Business Times UK

Cyber Monday Crash Course: How One Online Shopping Habit Can Turn a Hustle Into a Headache

Cyber Monday is a goldmine for savvy shoppers, and a launchpad for thousands of side hustles. From flipping discounted electronics to reselling limited-edition sneakers, many people use the day’s deals to stock up and sell for profit. But what starts as a smart move can quickly spiral into a logistical…

Beating Broke

Humphrey Yang: Make These 3 Financial Moves Before 2025 Ends

Personal finance expert Humphrey Yang recommended making these three last-minute financial moves.

GOBankingRates

Avoid the Audit Trap: The New IRS Rule on Roth Contributions You Missed

The IRS has finalized new regulations that could catch many retirement savers off guard. Starting in 2026, if you earn $145,000 or more in wages,...

Saving Advice

Nonprofit news outlets are often scared that selling ads could jeopardize their tax-exempt status, but IRS records show that’s been rare

Although advertising revenue largely sustained the news media in the 20th century, it’s been harder to come by in the digital age. News media outlets just aren’t as important these days for advertisers when they can reach potential customers so many other ways, including through social media.

The Conversation

DOGE 'Still Exists' — and So Does Your Data: What Happens to the Info It Collected?

The DOGE website still exists but the Office of Personnel Management director confirmed the agency no longer exists.

International Business Times UK

Elon Musk once called DOGE ‘the chainsaw for bureaucracy,’ but it has quietly ceased to exist well ahead of schedule, report says

“But, the principles of DOGE remain alive and well: de-regulation; eliminating fraud, waste and abuse; re-shaping the federal workforce; making efficiency a first-class citizen; etc.”

Fortune

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Saving Advice

Avoid Audit Flags: The IRS Mandate Every Consultant Refuses to Explain

The IRS enforces a complex set of rules designed to ensure compliance and fairness in the tax system. While most taxpayers focus on deductions and...

The Independent UK

IRS relaxes ‘no tax on tips law’ so more workers can take advantage. Here’s who will benefit

Treasure Department’s tax collector said it was providing temporary ‘transition relief’ to workers in certain jobs that otherwise wouldn’t have been eligible for ‘no tax on tips’

Reason

Some Democrats Urge the Military To 'Refuse Illegal Orders.' What if the IRS, ATF, and EPA Did the Same?

Much of what the federal government does on a daily basis flouts constitutional protections and offends human decency.

Axios

Exclusive: IRS deploys AI agents

Government agencies are increasingly incorporating AI into their workflows.

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news in one place.

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Benzinga

Former IRS Chiefs See Rocky Road Ahead For The Agency

Former IRS commissioners warn the agency could stumble into the next filing season if Congress lets funding lapse again and staffing losses persist.

Saving Advice

Are Your Social Security Benefits Actually Taxable Under This Clause?

If you thought your Social Security benefits were always tax-free, you’re not alone—but you might be in for a surprise. Millions of retirees each year...

We Got This Covered

Indiana toddler force-fed through feeding tube just so his mom could rake in dollars, cops allege

The child only lost weight when she was with her mother.

Benzinga

Trump Administration Projects 'Record-Breaking' Tax Refunds For 2026 —Tax Payers Can Expect 'Extra $1,000 Bump'

American taxpayers might be looking at a windfall next year, with the Donald Trump administration projecting that the 2026 tax filing season will deliver the largest average refunds on record.

Saving Advice

The RMD Deadline Looms: Why Seniors Should Act Before December 31

Tax‑deferred retirement accounts like traditional IRAs and 401(k)s allow contributions to grow without immediate taxation. But the IRS eventually requires withdrawals to ensure taxes are...

The Independent UK

Trump plans on raising $1B to build his presidential library in downtown Miami

The foundation is expected to receive more than $50 million this year in funds stemming from Trump’s settlements with media companies

Benzinga

Retirees Often Face Higher Taxes After A Spouse Dies: Steps To Avoid 'Survivor's Penalty' From The IRS

Losing a spouse can deliver a second blow after grief, which is a higher tax bill. Financial planners warn that the so-called "survivor's penalty" can sharply raise lifetime taxes if couples don't plan.

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