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The Latest Breaking News from IRS

Ask the Editor, September 26: Tax Questions on the New Tips Deduction

In this week's Ask the Editor Q&A, we answer reader questions on the new tax deduction for tipped income.

Kiplinger

Gen Z is reviving jobs millennials think are ‘boring’ and they’re earning a fortune in the process

Gen Z is turning to accounting as millions of baby boomers are set to retire from the profession

The Independent UK

Peter Thiel's $5 billon tax-free account spurred a new 401(k) rule that now impacts high-earning Americans over 50

High earners 50 and older will soon have to make 401(k) catch-up contributions as Roth. It all started with a ProPublica article about Peter Thiel in 2021.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

56 Americans Share The Loopholes They Found So Others Could Use Them Too

What everyday loopholes have you discovered that make life a little easier?

Bored Panda

Gen Z is reviving this boring job that millennials and boomers abandoned—and it’s helping them land six-figure careers straight out of college

About 75% of accountants are expected to retire in the next decade, and some Gen Zers are realizing that the field is not so boring after all—especially considering it can bring job security and six-figure salaries.

Fortune

The October 15 Tax Deadline Is Coming: A Tax Attorney Highlights What You Need to Know

If you filed an extension in April, time is running out to get your taxes wrapped up for last year. Here's what you need to know for filing your 2024 taxes and preparing for tax year 2025.

Kiplinger

‘Wonder how it feels’: Elon’s DOGE orders hundreds of fired federal employees back to work

So they fired without worrying about the consequences?

We Got This Covered

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Major 401(k) change starts next year. Here’s what it means for you

High earners hoping to put more money into their retirement savings will now have to pay taxes first

The Independent UK

3 Ways To Maximize Your Tax Deduction If You’re Itemizing for 2025

President Donald Trump's One Big Beautiful Bill Act (OBBBA) raised the state and local tax (SALT) cap deduction to $40,000 from the previous $10,000, as previously reported by GOBankingRates. For...

GOBankingRates

Hundreds of federal employees laid off by DOGE asked to return to work

They will return following what amounts to a seven-month paid vacation

The Independent UK

Is a $1,702 Stimulus Payment Coming in 2025? What We Know About the Tariff Rebate Rumours

Rumours of 2025 stimulus cheques are making waves on social media, but no confirmation was provided by Congress or the Internal Revenue Service.

International Business Times UK

Retirees Face a Growing Capital Gains Tax Trap: What's Next?

A changing housing market and unchanged IRS exclusion amounts can add up to a headache for many homeowners. Will Congress offer a fix?

Kiplinger

Confronting residential schools denialism is an ethical and shared Canadian responsibility

In May 2021, when the Tk’emlúps te Secwépemc Nation announced preliminary results of their search for unmarked burials of children at the former Kamloops Indian Residential School (IRS), Canada was forced to reckon with a truth that Survivors had always carried: children were taken, and many never came home.

The Conversation

Dave Ramsey Guides Couple Facing $1 Million Crisis Through Business Failure, IRS Threats, Bankruptcy Decisions

A caller to The Ramsey Show on Monday revealed he and his wife are drowning in nearly $1 million of debt, prompting financial expert Dave Ramsey to offer tough but compassionate guidance.

Benzinga

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The Guardian - US

Democrats urge Trump border czar investigation over bribery allegation

Tom Homan alleged to have taken $50,000 cash from undercover FBI agent in return for political favours

Reason

America's Free Speech Culture Is Under Attack From Within

The First Amendment still stands, but the culture that supports it is eroding.

Kiplinger

The Tax Trap Snares Many Business Owners: A Financial Pro's Guide to 11 Strategies You May Be Missing

Poor tax planning means many business owners are leaving money on the table for the IRS. This detailed guide from a financial adviser highlights strategies you may not be aware of.

Benzinga

Tesla Says You Can Avail EV Credit Even If You Take Delivery After September 30 Deadline: Here's How

Tesla Inc. (NASDAQ:TSLA) has updated its website, illustrating that customers can still avail the IRA Federal EV credit even if they take delivery of the car beyond the September 30 deadline.

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news in one place.

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GOBankingRates

8 Tax Moves Single People Don’t Have To Worry About

Here are the eight tax moves single people don't have to worry about, and what they might be missing out on financially.

International Business Times

Roderick Robeson CPA LLC Celebrates Over 10 Years of Delivering Strategic and Client-Centered Accounting and Tax Services

Robeson's passion for accounting was shaped early in life. He recalls watching his father, an entrepreneur, struggle through a stressful IRS audit after retirement. That personal experience continues to guide his work today.

Saving Advice

9 “Official” Emails That Aren’t—Spot the Tell

Scammers know that email is one of the fastest ways to trick retirees into sharing personal data. Messages that look official—from banks, government agencies, or...

Kiplinger

Mortgage Refinance in 2025? These Tax Breaks Can Boost Your Savings

Refinancing your mortgage comes with tax implications, but also opportunities to deduct certain expenses on your return.

Saving Advice

8 Freeze/Lock Tactics That Actually Stop Identity Thieves

Identity theft is one of the fastest-growing crimes in America, and retirees are among the top targets. Scammers only need a few personal details to...

GOBankingRates

About To Start Earning Social Security in 2026? Avoid These 3 Mistakes

Planning to claim Social Security in 2026? Learn the top 3 mistakes that could shrink your benefits—and how to avoid them before it’s too late.

The Independent UK

IRS official sues agency claiming it leaked her info to Fox News and others who reported she had been fired

Republicans have previously criticized Holly Paz over ties to an official who resigned over a 2013 scandal

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