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The Latest Breaking News from IRS

US drops tax claims against Donald Trump under IRS settlement

The Trump administration has reached a settlement that permanently bars the US government from pursuing current tax claims against President Donald Trump, his sons and the Trump Organisation as part of Trump’s $10 billion lawsuit against the Internal Revenue Service over the leak of his tax returns.

The Times of India

US justice department ‘forever’ bars IRS from auditing Trump’s past tax returns

Addendum quietly slipped into widely criticized agreement creating a $1.7bn fund to compensate president’s allies

The Guardian - US

IRS Will Freeze Your Refund Without Correct Bank Info—And Won’t Send a Paper Check Until You Fix It

Tax season already comes packed with enough stress to power an entire coffee chain, but one simple banking mistake can turn a smooth refund into a financial nightmare. Millions of Americans rely on direct deposit because refunds usually arrive faster than paper checks, often within 21 days when everything lines…

The Free Financial Advisor

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Trump Settles His Own Lawsuit Against the IRS for $1.8 Billion of Your Money

The government says the money will go to a fund for those "who suffered weaponization and lawfare," but it's more likely a slush fund for Trump and his cronies.

Reason

Trump's Alleged $1.7B MAGA Slush Fund Exposed: Taxpayer Payouts to Remain Completely Secret From Public

Donald Trump approved a $1.776 billion Anti-Weaponisation Fund to compensate alleged Biden-era victims, drawing criticism over secrecy and limited oversight.

International Business Times UK

Todd Blanche doesn’t rule out Trump’s $1.8 Billion IRS settlement will pay Jan. 6 rioters

IN FULL

The Independent UK

Democratic Rep. Raskin Says Trump Seeks To Fund 'Private Militia' With $1.8 Billion Fund From IRS Settlement

Democratic Rep. Jamie Raskin said President Trump seeks to fund his own "private militia" with the $1.8 billion from a settlement with the IRS.

International Business Times

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Trump's Treasury Lawyer Resigns in Disgust Over Secret $1.8 Billion Payout Fund for J6 Rioters

Brian Morrissey resigned just hours after the Trump administration created a $1.776 billion 'anti‑weaponisation' fund to compensate allies, including some Jan. 6 defendants.

International Business Times UK

Blanche faces questions over DOJ ‘anti-weaponization’ fund

Acting Attorney General Todd Blanche offered a staunch defense of a new $1.8 billion “anti-weaponization fund” on Tuesday, while Democrats condemned the effort as a slush fund aimed at funneling taxpayer money to supporters of President Donald Trump. A bipartisan group of lawmakers during a budget hearing on Capitol Hill…

Roll Call

Critics Slam Donald Trump Over 'Most Corrupt Scheme of His Presidency' After Secret $1.8 Billion DOJ Settlement

A $1.8 billion settlement involving Trump and the DOJ has sparked criticism, with opponents claiming it misuses taxpayer funds, benefits his allies

International Business Times UK

DOJ gifts Trump with slush fund

A new $1.776 billion fund could be used to compensate Jan. 6 rioters — and undermine the rule of law

Salon

Donald Trump Defends £1.37 Billion Taxpayer Fund for January 6 Allies, Calling Them 'Horribly Treated'

The Trump administration launched a £1.37 billion fund to compensate allies allegedly targeted by the Biden administration, drawing criticism over its legitimacy.

International Business Times UK

DOJ announces $1.8bn fund to compensate Trump allies

The Trump administration has rolled out the 'AntiWeaponisation Fund', a staggering $1.8 billion initiative aimed at reconciling claims from allies of the former president, who contend they have faced unjust scrutiny from the Justice Department. This fund is a direct result of Trump’s decision to drop his extensive $10 billion…

The Times of India

Trump news at a glance: president says scheduled attack on Iran has been postponed – for now

President says he has instructed US military to be ready for ‘a full, large scale assault of Iran, on a moment’s notice’ – key US politics stories from Monday 18 May

The Guardian - US

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The Independent UK

Vance says ‘stealing’ $1B from treasury is theft – on the same day Trump pledged to give $1.7B taxpayer cash to his allies

Critics accused the administration of ‘stealing’ from taxpayers by creating a ‘slush fund’ as Vance boasted about his anti-fraud efforts

Latin Times

Hillary Clinton Blasts Trump's New $1.7 Billion Fund as "Slush Fund" for Jan. 6 Allies

Hillary Clinton attacked President Donald Trump after the Justice Department announced a $1.776 billion "Anti-Weaponization Fund" tied to the dismissal of Trump's IRS lawsuit.

The Economic Times

Donald Trump's IRS lawsuit dismissed with a $1.76 billion fund settlement: Here's the full breakdown of the tax leak case

Trump IRS tax leak settlement: The US administration has established a $1.76 billion fund to address claims of government "weaponization" following a lawsuit by Donald Trump and his family. This settlement resolves Trump's suit against the IRS over leaked tax returns, though he will not receive direct payment but an…

International Business Times

Trump IRS Settlement Creates $1.776 Billion Fund for 'Weaponization' Claims

The Trump administration announced Monday the creation of a $1.776 billion Justice Department fund to compensate people who claim they were unfairly targeted by the Biden administration.

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Salon

Dems condemn Trump's IRS "slush fund"

Democrats claim the DOJ has created a scheme to pay out Jan. 6 rioters and Trump allies in IRS lawsuit settlement

The Free Financial Advisor

9 Everyday Money Mistakes That Quietly Lead to IRS Penalties

Tax penalties rarely arrive out of nowhere. They often grow from small, everyday financial habits that seem harmless at first glance. A missed form here or a rushed filing there can quietly snowball into fees, interest, and stress.

The Times of India

$1.7 bn for Trump's allies? New 'Anti-Weaponization Fund' sparks outrage

The Trump administration on Monday announced the creation of a $1.7 billion fund to compensate political allies who believe they were unfairly prosecuted under the Biden administration, as part of a deal to drop President Donald Trump's lawsuit against the IRS over the leak of his tax returns.

France 24

Trump drops $10 billion IRS lawsuit in exchange for $1.7 billion fund for allies

The US Justice Department on Monday announced the creation of a $1.7 billion fund to compensate allies of President Donald Trump who believe they were politically persecuted by the department under his predecessor Joe Biden's term in office. The fund is part of a deal to bring an end to…

The Free Financial Advisor

The IRS Is Cracking Down on Side Hustle Income Again in 2026

The side hustle economy keeps booming across the United States, but the IRS now watches every dollar more closely than ever before. Gig apps, online marketplaces, and payment platforms continue to fuel extra income streams for millions of Americans, and tax rules struggle to keep up with that rapid growth.…

The Independent UK

Trump’s DOJ announces $1.7B fund to pay his allies who were ‘unfairly’ investigated by Democrats

The $1.776 billion ‘slush fund’ will be funded by taxpayers and be administered by a five-member commission appointed by Trump’s ex-defense lawyer

The Free Financial Advisor

Why More Americans Are Getting Tax Notices Over Payment App Transactions

A growing number of Americans now open their mailboxes to find IRS notices tied to money sent through apps like Venmo, Cash App, and PayPal. What once felt like casual digital convenience now sits under a much brighter spotlight from federal tax enforcement. The shift doesn’t just affect side hustlers…

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