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The Latest Breaking News from IRS

Retirement Income Tax and the IRS: What Retirees Need to Know for 2025

Several tax changes are happening that can impact how your retirement income is taxed at federal and state levels.

Kiplinger

Read the signs of Trump’s federal firings: AI is coming for private sector jobs too

Dismissing 6,700 IRS workers during tax season is a recipe for chaos but AI’s disruption will be much more widespread

The Guardian - US

Email shows that Musk ally is moving to close office behind free tax filing program at IRS

Program is apparently being closed according to email from former Tesla engineer installed in GSA

The Guardian - US

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

Pros, cons of using a tax prep chain

Companies like H&R Block, Jackson Hewitt and Liberty Tax may or may not work for your situation this season

Salon

Here's Why the Average IRS Refund for Tax Returns Filed in 2025 Is 32% Lower Than Last Year

The average US tax refund for the 2024 tax year dropped to £1,725 as of 14th February 2025 from £2,551 on the same day last year.

International Business Times UK

Elon Musk overhauled the Obama-era Digital Services agency and turned it into DOGE. Ex- employees say it betrays the original mission

The U.S. Digital Service was created in 2014 to bring digital best practices to the federal government. In its new incarnation, the office is focused on eliminating bureaucracy and cutting costs.

Fortune

GM’s EV Surge Is Set To Face Its Biggest Challenge This Year

General Motors is no stranger to navigating storms. It survived the 1970s oil crisis, managed to stay relevant after the onslaught of Japanese automakers in the 1980s, got a colossal bailout from the U.S. government after the 2008-2009 financial crisis, survived the pandemic and now offers the most diverse electric…

InsideEVs

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Over 7 million Americans missed out on this $2,500+ tax credit. Don’t be one of them

The Earned Income Tax Credit was designed to help low- to moderate-income working individuals and families, but many don’t even apply for it.

Fortune

IRS refunds are 32% lower on average so far this tax season

That's about $1,000 less per taxpayer.

Fortune

Passenger Shocked After Sitting Next To Deceased Traveler On Flight

Shocking incident on Qatar Airways flight highlights need for better protocols and support in distressing situations during air travel.

Top News

IRS Acting Commissioner Doug O'donnell To Retire Amid Chaos

IRS acting head Doug O’Donnell retires amidst chaos, Melanie Krause to lead, Billy Long nominated.

Top News

Don't wait to file your taxes

Salon

Man kidnapped his wife’s boss after she stole $20m from him, police say

Larry Gilmore told police he ‘believed he was going to die’ when William Costa allegedly rammed an SUV into his Porsche and held him at gunpoint

The Independent UK

House Republicans Claim IRS Leaked Trump's Tax Information During Biden Admin: 'This is a MASSIVE Scandal'

GOP lawmakers in the House Judiciary Committee said a new disclosure reveals that the information of over 400,000 people was leaked and blamed the agency

Latin Times

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Fortune

As tax season looms and layoffs are threatened, the IRS acting commissioner is reportedly stepping down, too

That could inject some chaos into tax season.

Fortune

A veteran of the only successful government reduction effort in 30 years has a warning for Elon Musk: ‘All hell is going to break loose’

Clinton’s ‘reinventing government’ effort cut 400,000 federal workers and made bureaucracy more efficient—by doing the opposite of DOGE.

Latin Times

Trump's Firing of 6,700 IRS Employees Before the End of Tax Season 'Doesn't Make Any Sense', Tax Expert Says

It is not clear if the firings will affect the process of filing tax returns

Latin Times

Internet Searches For Scheduled Tax Refund Payments Surge After Trump Floats Gutting the IRS

If implemented, staff reductions at the IRS could impact millions of taxpayers expected to file their returns before April 15

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news in one place.

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inkl

Understanding Day Trading Tax in Canada

Master day trading tax in Canada with our comprehensive guide. Understand the rules and maximize your profits. Read more now!

Top News

IRS Layoffs Threaten Revenue Collection And Tax Enforcement Efforts

7,000 IRS probationary workers facing layoffs may impact tax enforcement and revenue collection.

Top News

Trump Administration Implements Comprehensive Immigration Enforcement Strategy

Trump administration expands immigration enforcement efforts involving multiple government agencies.

Chicago Sun-Times

Tax refund loans can provide quick cash, but there's also risks

Tax refund loans provide fast cash while you wait for the rest of your refund, but tax preparation costs can outweigh the benefits.

Fortune

“Get up to $4,000 early”: Here’s what you need to know about tax refund advance loans

Refund advance loans and fee systems have both benefits and risks.

Fortune

Americans now view Elon Musk and DOGE far less favorably than the programs DOGE is slashing, poll shows

In court, the administration says Musk isn’t in charge. Donald Trump just said the opposite.

inkl

Do US Expats Need to File Taxes? Here's What the IRS Requires

For many Americans living abroad, the question of whether they need to file US taxes can be confusing. Unlike most other countries, the United States taxes its citizens based on citizenship rather than residency.

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