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The Latest Breaking News from IRS

1099-K Reporting Changes Proposed for 2025

An IRS 1099-K threshold change will impact millions of tax bills beginning with this filing season. But could a bigger change lie ahead?

Kiplinger

IRS Failed To Properly Dispose of Sensitive Tax Documents, Report Finds

Some IRS offices routinely threw away sensitive material with regular trash, while others used unlocked or damaged storage bins.

Reason

Should You Buy a Vacation Home?

If you vacation to a beloved destination again and again, purchasing a home there may be a smart move — but don’t overlook the costs and effort that go into it.

Kiplinger

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

GOP quietly cuts IRS funding by $20B

The GOP assault on the revenue collecting agency's funding could exacerbate wait times and balloon the deficit

Salon

Key 2025 IRS Updates: What You Need to Know

From IRA contributions to Social Security COLAs and the standard deduction, several changes are headed our way. Get ready to make the most of them.

Kiplinger

New Year's Eve RMD Deadline: What to Know and What to Do

The year-end deadline for required minimum distributions is critical for many retirees.

Kiplinger

Top Tax Stories of 2024 and Key Changes to Watch for 2025

The Kiplinger tax team is looking back at popular tax stories and looking ahead to potential tax changes in the new year.

Kiplinger

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A million US taxpayers to get pandemic-era stimulus checks worth up to $1,400

IRS says payments going to those who did not claim under 2021 recovery rebate plan in what may be final installment

The Guardian - US

Should you take the home mortgage interest deduction?

The home mortgage interest deduction can help some filers maximize their tax refund. But it’s less useful now than in years past—here’s what you need to know.

Fortune

IRS is sending unclaimed stimulus checks to 1 million taxpayers. How to find out if you’re one of them

These payments will be automatically sent to eligible taxpayers by the end of the month

The Independent UK

The IRS is sending $1,400 stimulus checks to 1 million taxpayers

The automatic deposits will be issued “later this month” and should arrive ”in most cases” by late January 2025.

Fortune

‘God is not done with America’: Trump supporters take victory lap at star-studded Turning Point USA event

AmericaFest showcased Maga’s commitment to mobilizing conservative evangelicals into the Republican party base

The Guardian - US

IRS To Send Out Special 'Stimulus' Payments To 1 Million Taxpayers

Special payments — up to $1,400 per person — will be automatically deposited into taxpayers' bank accounts or mailed as paper checks, in the coming weeks.

International Business Times

Top 10 Myths About 1031 Exchanges, Debunked

Are you confused about 1031 exchanges? This brief guide busts the top myths about real estate's favorite tax-deferral strategy.

Kiplinger

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Top News

IRS To Distribute Special Payments To Eligible Taxpayers

IRS is issuing special payments to 1 million taxpayers who missed claiming the Recovery Rebate Credit. Payments up to IRS To Distribute Special Payments To Eligible Taxpayers,400 will be automatically distribu...

The Independent UK

A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now?

Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks

Kiplinger

The IRS Is Sending Up to $1,400 to One Million People: Are You Eligible?

A million taxpayers overlooked valuable tax relief during the pandemic and could receive an automatic payment.

MusicRadar

New book Dust & Grooves Vol.2 tells the tall tale of the scam records that could make collectors a fortune

Some of today’s most in-demand rare records actually weren’t meant to be bought at all…

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news in one place.

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Kiplinger

What Is a Qualified Charitable Distribution (QCD)?

A QCD can lower your tax bill while meeting your charitable giving goals in retirement. Here’s how.

Kiplinger

10 Ways Your 1031 Exchange Can Go Horribly Wrong

Don't let your tax-saving strategy become a financial nightmare — discover the hidden pitfalls that could turn your 1031 exchange into a costly disaster.

The Independent UK

Trump and his cronies will look to attack unfavorable non-profits, watchdog warns

Watchdog calls out ‘worrying progression of Trump’s authoritarianism that would undermine our democracy’

The Independent UK

How you could benefit from tax-loss selling this year

The U.S. market gained more than 25% for the year to date through mid-December 2024

Kiplinger

New Law Delivers Tax Breaks to Natural Disaster Victims, But Is It Enough?

The legislation provides critical tax relief to thousands of natural disaster victims across the country.

Kiplinger

Youngkin Pushes Virginia Tax Relief: Car Tax Credits and No Tax on Tips

No tax on tips was a popular refrain during the presidential campaign. Now, Virginia’s governor has a similar plan and is looking at car taxes.

The Guardian - US

Trump planning to target progressive non-profits, US watchdog warns

Congressional Integrity Project creates initiative to counter growing ‘authoritarianism’ and defend progressives

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