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The Latest Breaking News from IRS

5 IRS Rules Many 50-Somethings Ignore Until It’s Too Late

Turning 50 is a milestone that brings new opportunities—and new responsibilities. For many, this stage in life means thinking more seriously about retirement savings, taxes, and future financial security. The IRS has set up rules and opportunities specifically for people in their 50s, but too often these are ignored until…

The Free Financial Advisor

Revised Tax Brackets For 2026 Could Lower Bills For Many; See How Much

While the tax rates themselves remain unchanged, ranging from 10% to 37%, the income thresholds have been increased by approximately 2.7% across the board.

International Business Times

Congressional casework is hard. The shutdown is making it harder - Roll Call

“You can’t get a hold of a human being on the phone,” one Democrat says. “You’re just getting answering machines saying that we’re in a shutdown.”

Roll Call

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Is There Any Way to Get Your 401k Before The Age of 59?

Most people think of their 401k as locked away until retirement. But life doesn’t always wait until you’re 59 and a half. Emergencies, job losses, or opportunities can make you wonder: Is there any way to get your 401k before the age of 59? The rules seem strict, and penalties…

The Free Financial Advisor

8 Manipulative Phrases Scammers Drop Without You Noticing

That strange text from an unknown number feels off. An email promises a prize that seems too good to be true. We are constantly bombarded with attempts to trick us. Scammers are experts at psychological manipulation. They prey on our trust, fear, and even our kindness. Understanding their tactics is…

Budget and the Bees

The “Dirty Dozen”: The 12 Tax Scams the IRS Is Warning All Americans About

Every year, the IRS releases a “Dirty Dozen” list—a public warning to taxpayers about the latest and most dangerous tax scams circulating across the country. These scams target both individuals and tax professionals, aiming to steal personal information, refunds, or even entire identities. From fake charities to shady “tax experts,”…

The Free Financial Advisor

8 IRS Red Flags That Are Most Likely to Trigger a Full-Blown Audit

Every taxpayer worries about making a mistake that could attract unwanted attention from the IRS. While most tax returns are processed without issue, certain patterns, numbers, and claims raise what the IRS calls “compliance indicators”—more commonly known as IRS red flags. These warning signs can trigger closer scrutiny or even…

The Free Financial Advisor

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Ask the Editor, October 17: QCDs and Tax-Planning

In this week's Ask the Editor Q&A, Joy Taylor answers more questions about the use of qualified charitable distributions (QCDs) in end-of-year tax planning.

Kiplinger

IRS Agents Who Revealed Details About Hunter Biden Investigation Lose Libel Suit Against Biden's Lawyer

The lawyer's claims that plaintiffs had violated federal law were opinions based on disclosed facts, the court concludes.

Reason

The Latest: Federal immigration officers in Chicago area required to wear body cameras, judge says

Federal immigration officers in the Chicago area will be required to wear body cameras, U.S. District Judge Sara Ellis said Thursday after seeing tear gas and other aggressive steps used against protesters

The Independent UK

The New Estate Tax Exemption Amount for 2026

The IRS has increased the exemption as we enter into a promising tax year for estates and inheritances.

Kiplinger

8 Unique Angles for Maximizing Your Solo 401(k) Contributions

If you’re self-employed or run a small business with no full-time employees, a solo 401(k) can be a powerful tool for retirement savings. The ability to contribute both as an employee and employer opens the door to much higher annual limits. But just hitting the basics might mean you’re leaving…

The Free Financial Advisor

Don’t Touch Your IRA Before Reading About These 5 Costly Withdrawal Penalties

Your IRA is meant to be a powerful tool for your retirement, but making the wrong move with withdrawals can cost you big time. Too many people dip into their IRA without realizing the penalties that can eat away at their savings. The rules around early withdrawals, taxes, and required…

The Free Financial Advisor

Could the IRS Punish Couples Who Choose to Stay Child-Free?

Across the United States, more people are choosing to remain child-free—and that decision may come with unexpected financial consequences. While the IRS doesn’t explicitly penalize those who opt out of parenthood, the tax code heavily rewards families with dependents through credits and deductions. For child-free couples, that can feel like…

Dinks Finance

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The Independent UK

Trump team preparing to install ‘allies’ at the IRS to target ‘major Democratic donors’ including George Soros: report

The administration is seeking to ‘weaken the involvement of IRS lawyers in criminal investigations,’ according to a report

Benzinga

Trump Administration Reportedly Plans Major IRS Shake-Up That Would Make It Easier To Target Democratic Donors

The Trump administration is reportedly gearing up to broaden the scope of Internal Revenue Service (IRS) investigations, potentially targeting left-leaning groups and major Democratic donors.

Saving Advice

7 Common Payroll or Tax Errors Seniors Make and How to Fix Them

Taxes don’t get simpler after retirement—they just change shape. Between pensions, Social Security, part-time income, and required withdrawals, even small missteps can create major headaches....

Bored Panda

“No Tax On Overtime” In Action: Will Your 2025 Tax Return Deliver A Big Boost?

"No Tax on Overtime" In Action: Will your 2025 tax return deliver a big boost? See if the beautiful bill act gives you an overtime pay tax break!

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Dinks Finance

5 Overlooked Tax Credits That Even Accountants Miss

Every year, millions of taxpayers lose money they didn’t realize they were entitled to—often because of overlooked tax credits hiding in plain sight. Even seasoned accountants can miss opportunities when clients’ financial situations are complex or slightly outside the norm. The truth is, tax law changes frequently, and some credits…

Kiplinger

IRS Updates 2026 Tax Deduction for People Age 65 and Older

Adjustments to the extra standard deduction can impact the tax bills of millions of older adults. Here are some new amounts to know for 2026.

Kiplinger

IRS Reveals New 2026 Child Tax Credit and other Family Credit Amounts

Key family tax breaks are higher for 2026, including the Earned Income Tax Credit and the Adoption Credit. Here's what they're worth.

International Business Times UK

Michael Jackson's $778M Fortune Likely to 'Evaporate Amid Pending Sex Lawsuit and Scandals

Michael Jackson's estate faces mounting legal, tax, and internal disputes—potentially eroding the late singer's vast fortune and putting his heirs on edge.

TechRadar

New Yorkers targeted in fake 'inflation' text campaign - here's how to stay safe

You don't need to share your banking details to get the refund - it goes out automatically.

The Free Financial Advisor

6 Hidden Costs of Homeownership That Blindside First-Time Buyers

Buying your first home feels like crossing a finish line. You’ve saved, planned, and finally signed the papers—but once you move in, the reality of ownership can hit hard. Many new buyers quickly discover that the monthly mortgage payment is just the beginning. From unexpected repairs to overlooked fees, the…

The Independent UK

Trump has shaken America’s faith in most government agencies since his return to White House, polls show

While certain agencies that Trump has targeted have fallen out of public favor, others have seen their approval ratings rise in line with the administration’s policies

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