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The Latest Breaking News from IRS

10 Tax Breaks You Should NEVER Take if You Have an LLC

The rise of the “side hustle” economy has led to a record number of Americans forming Limited Liability Companies (LLCs) in 2026. Social media “finance...

Saving Advice

401(k) Limit Hits $24,500 in 2026 — 3 Moves to Make Before Your Next Paycheck

A higher cap sounds like a nice headline until you realize it changes what your next paystub looks like. In 2026, the IRS raised the...

Saving Advice

The Zero Trust Mindset: Why You Should Verify Every Official Call from the IRS

Your phone rings, and the caller ID clearly says ‘Internal Revenue Service.’ The voice on the other end is professional, authoritative, and perhaps a little bit intimidating. They mention a discrepancy in your 2023 filing and warn that legal action is imminent if you do not resolve it immediately.

Budget and the Bees

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The Jan 26 Tax Opening: Why Filing Your Return This Monday Changes Everything

The holiday decorations are barely put away, and yet the most stressful season of the year is already knocking on your door. Tax season officially kicks off this Monday, January 26, and the IRS is already bracing for the impact.

Budget and the Bees

Ask the Tax Editor, January 23: Questions on Residential Rental Property

In this week's Ask the Editor Q&A, Joy Taylor answers questions on reporting income and loss from residential rental property.

Kiplinger

5 Tax Deductions Seniors Should Stop Claiming Immediately to Avoid the 2026 IRS Crackdown

As the 2026 tax filing season approaches, many seniors are operating on “autopilot,” planning to claim the same deductions they have used for the last...

Saving Advice

IRS: Here’s How You Can Save Up To $10K on Your 2026 Taxes

Keep reading to find out who qualifies and how to claim the deduction.

GOBankingRates

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IRS Update: The $600 Payment Rule is Officially Delayed (What It Means for Venmo Users)

Selling old clothes on Poshmark or splitting dinner bills on Venmo recently caused unnecessary panic. Many feared the “$600 Rule” and the wave of tax paperwork it would bring. Fortunately, the IRS announced another delay for the 2026 tax season. The reporting threshold will rise to $2,000 instead of the…

Budget and the Bees

An IRS Rule Change Could Lower Tax Bills for Up to One Million Filers

A late-stage IRS clarification and new tax relief measures could result in lower tax bills and increased refunds for up to one million filers in 2026.

International Business Times UK

Experts explain why the president’s plans for the housing market may let you down

Experts are skeptical that the president’s plan for improving the housing market will have lasting benefits

The Independent UK

12 Tax Strategies Every Self-Employed Worker Needs in 2026

Navigating the seas of self-employment can be rough. We've got answers to common questions so you can have smoother sailing.

Kiplinger

IRS boss announces huge shake-up on eve of 2026 tax season

Gary Shapley, the whistleblower who testified publicly about investigations into Hunter Biden’s taxes, was named deputy chief of the Criminal Investigation division

The Independent UK

6 Benefits To Filing Taxes Early for Retirees

Even in retirement, many types of income remain taxable, making timely filing essential for financial security.

GOBankingRates

The Erroneous 1099-K: Why Seniors are Receiving IRS Forms for Under $20,000 and the 3-Step “Zero Out” Rule

If you opened your mailbox this week to find an IRS Form 1099-K from Venmo, PayPal, or CashApp for a few thousand dollars, your first...

Saving Advice

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news in one place.

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Saving Advice

The Doorjamb Test: Check Your VIN Today for the New $10,000 Car Loan Interest Refund

If you bought a new car in 2025 or are planning a purchase this winter, you might be sitting on a tax goldmine without even...

Saving Advice

The “Itemizer Trap”: Why Seniors with Under $40,000 in State Taxes are Switching to the New ‘OBBBA Standard’

For nearly a decade, the “SALT cap” was the bane of retirees living in high-tax states like New York, New Jersey, and California. Capped at...

Saving Advice

The 1098-Auto Alert: Why Your Car Lender is Required to Send This New Tax Form by January 31st

If you’ve been checking your mailbox for your usual W-2s and 1099s, keep an eye out for a newcomer this January: Form 1098-Auto (officially appearing...

Saving Advice

January 20th Deadline: Why Thousands of Seniors Are Losing This Federal Tax Credit Next Week

Every January, a new wave of “urgent” tax messages hits inboxes, phones, and social feeds—often aimed straight at older Americans. The pitch usually sounds official:...

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news in one place.

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Saving Advice

IRS 2026 Crackdown: Why Your Bank Is Required to Flag Every Transfer Over $600 This Monday

If you’ve been checking your news feed this week, you’ve likely seen the alarmist headlines: “IRS to monitor all bank transfers over $600 starting Monday.”...

Saving Advice

The $6,000 “Senior Bonus”: How to Claim the New 2026 IRS Tax Shield Before the April Deadline

If you’re 65 or older, the 2026 tax season isn’t just another year of paperwork—it’s the year of the “Senior Bonus.” Tucked inside the One...

Kiplinger

6 Champagne Problems Successful Retirees Face

What do you do if your biggest financial threat is simply having too much of a good thing — money?

Kiplinger

How to Avoid Being Buried by the Tax Avalanche in Retirement: Tips From a Wealth Adviser

All that cash you have in tax-deferred accounts could launch you into a higher tax bracket when you start withdrawals. It's time to protect your income.

Clever Dude

New Senior Deduction Could Dramatically Raise Tax Refunds — Here’s Who Qualifies

If you’re 65 or older, the IRS just handed you a major win. The new Senior Bonus Deduction (part of the One Big Beautiful Bill Act) lets eligible seniors deduct an extra $6,000 from their taxable income. For married couples filing jointly, that doubles to $12,000, potentially reducing your tax…

GOBankingRates

Crypto Taxes: 6 States Most Likely To Cut Into Your Gains

Crypto taxes vary by state, with the IRS treating digital assets like property. See how tax laws, capital gains rules & reporting requirements impact investors.

GOBankingRates

Taxes Are Still Complicated, and It’s Costing Americans Billions — How You Can Save This Season

Americans brace for tax season each spring, and each time we seem to be reminded of an uncomfortable truth. That is, the US tax system is so complicated.

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