The Latest Breaking News from IRS

Set yourself up for success as the year winds down

Campaigners have claimed that defining what pornography actually is could be too difficult to determine whether OnlyFans creators should be exempted from the ‘no tax on tips’ law

Picture this: you’ve finally cracked the code. Your freelance gig, whether it’s designing logos, editing podcasts, or ghostwriting blog posts, pulls in a cool $10,000 this year. You’re high‑fiving yourself, imagining new gear, maybe a vacation, or just the sweet relief of not living invoice to invoice. Then tax season…

Crypto once felt like the Wild West, with anonymous wallets, digital freedom, and no middlemen in sight. For years, small investors rode the wave, dabbling in Bitcoin or Ethereum and even flipping NFTs, all under the quiet assumption that the IRS wasn’t watching too closely. That illusion has now collapsed,…

Series I U.S. savings bonds are a popular investment, but the federal income tax consequences are anything but straightforward.

The IRS laid off or lost a quarter of its workforce between January and May, dropping from 103,000 to around 77,000 employees, according to the October Treasury Inspector General for Tax Administration report. Now, it’s turning to artificial intelligence to help fill the gaps. 

Many workers recently discovered that their employer’s matching contributions are no longer going into traditional pre-tax accounts but instead into Roth accounts. This change may...

Here's how the new IRS inflation adjustments will increase the contribution limits for your 401(k) and IRA in the new year.

Here's why President Trump's tariff dividend is 'highly unlikely' to arrive before 2026. Experts detail the $300 billion funding gap and warn against fraud.

Conventional wisdom says, 'Contribute the maximum to a traditional 401(k) if you can.' But there are hidden downsides to putting all your eggs in one basket.

By creating a tax plan, you can keep more of what you've earned and give less to Uncle Sam. Here's how you can follow the rules and pay only your fair share.