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The Latest Breaking News from IRS

7 Sneaky Ways the Rich Dodge Taxes Without Going to Jail

Paying taxes is a fact of life, but not everyone plays by the same rules. You’re not alone if you’ve ever wondered how the rich seem to keep more of their money. Tax avoidance isn’t just for billionaires with armies of accountants—it’s a game of strategy, and the rules are…

Clever Dude

Why Some Couples Are Filing Taxes Separately Just to Hide Dual Lives

Filing taxes is rarely anyone’s favorite activity, but for some couples, it’s more than just a yearly chore—it’s a way to keep secrets. In recent years, more married couples have chosen to file taxes separately, not just for financial reasons, but to hide aspects of their lives from each other.…

Clever Dude

Phone Scam Warning: 8 Red-Flag Phrases That Should Make You Hang Up Immediately

Phone scams are more sophisticated than ever, and no one is immune. Whether you’re a college student, a busy parent, or a retiree, scammers are constantly finding new ways to trick you over the phone. Falling for a scam can cost you money, compromise your identity, and leave you feeling…

Clever Dude

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What the White House said about claims Musk ‘bodychecked’ Treasury secretary

IN FULL

The Independent UK

5 Types of Documents That Should Always Be Shredded Before Throwing Them Away

In a world where personal information is as valuable as currency, tossing away sensitive documents without a second thought is like leaving the front door wide open. Identity theft, fraud, and data breaches don’t just happen online—they often start in the trash. Many people unknowingly expose themselves to risk by…

Everybody Loves Your Money

SCUM celebrates its long-awaited 1.0 release with a 100 key giveaway at the Future Games Show

After seven years in Early Access, brutal survival sim SCUM gets a full 1.0 release – and you can win one of 100 game keys right here

GamesRadar

Ask the Editor, June 6: Questions on Hobby Losses, Medicare

In our latest Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on hobby losses, I bonds and Medicare premiums.

Kiplinger

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Filing Taxes Late in the US? 2025 Penalties Explained And How to Get an Extension

If you are late in filing your 2025 taxes, do not panic! You still have options. From digital filing systems to traditional accountants, there's something for everyone. But first: how do you buy time, and what's your penalty for doing so?

International Business Times UK

6 Ways to Legally Bypass Retirement Contribution Limits

For many people trying to build a strong retirement, maxing out a 401(k) or IRA feels like hitting the ceiling. You put in the maximum...

Saving Advice

11 Retirement Planning Hacks That Sound Illegal (But Aren’t)

Most people think retiring well takes either a six-figure salary, a financial advisor on speed dial, or an early inheritance. But what if the real...

Saving Advice

Why Retirement Loopholes Are Hidden in Plain Sight

Most people think of retirement planning as a rigid path: save in your 401(k), maybe open an IRA, and hope your investments grow enough to...

Saving Advice

Can Homeschoolers Save on Expenses With 529 Plans?

A new so-called 'home school tax break' could change how you save for your child's homeschool education. Find out how.

Kiplinger

9 Loopholes That Could Save Retirees Thousands—If They Dare Use Them

Retirement is often portrayed as a time to relax and enjoy the fruits of one’s labor. However, the financial landscape for retirees can be complex,...

Saving Advice

10 Retirement Loopholes That Make the IRS Sweat

Retirement planning is all about building security and preserving wealth, but sometimes, it’s also about finding creative ways to keep more of what you’ve earned....

Saving Advice

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Roll Call

Ex-GOP lawmaker's IRS nomination advances in Senate - Roll Call

Democrats cited Billy Long's ties to firms hawking phony tax credits, but Republicans backed him on a party-line committee vote.

The Free Financial Advisor

12 Ways to Protect Your Legacy From Taxes

Leaving a legacy is about more than just passing down money—it’s about ensuring your loved ones are cared for and your values live on. But taxes can take a big bite out of what you leave behind if you don’t plan ahead. Knowing how to protect your legacy from taxes…

The Free Financial Advisor

10 Times Tax Loss Harvesting Backfired

Tax loss harvesting is often hailed as a smart way to reduce your tax bill and boost your investment returns. The idea is simple: sell investments that have lost value to offset gains elsewhere in your portfolio. But as with many financial strategies, the devil is in the details. When…

Reason

Nevada Becomes the 21st State To Strengthen Donor Privacy Protections

A new law prohibits the state from requiring nonprofits to disclose the personal information of their supporters, protecting Americans’ First Amendment right to free association.

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The Free Financial Advisor

10 Tax Deductions You Forgot Were Legal

Tax season can feel like a maze, and it’s easy to miss out on valuable deductions that could put more money back in your pocket. Many people focus on the obvious write-offs, like mortgage interest or charitable donations, but there are plenty of lesser-known tax deductions that are perfectly legal…

The Free Financial Advisor

7 Capital Gains Rules That Will Shock First-Time Investors

If you’re dipping your toes into the world of investing, you’ve probably heard the term “capital gains” tossed around. But what does it really mean for your bottom line? For first-time investors, understanding capital gains rules isn’t just a matter of curiosity—it’s essential for keeping more of your hard-earned money.…

Kiplinger

Will RMDs Ruin the 4% Rule for You?

Don't let required minimum distributions (RMDs) rain on your retirement parade.

Kiplinger

Watch Out for Annuity Surrender Charges: How to Avoid Them

Pulling money out of an annuity early can be a costly proposition. Here's how surrender charges work and one potential way around them — an annuity "ladder."

International Business Times

The ITIN Lady: Sirius Tax Group Founder Is a Tax Expert Who Puts People First

The IRS can feel like an intimidating entity, full of complex rules and red tape. Now imagine facing that same system as a non-U.S. citizen, someone unfamiliar with the intricacies of U.S. tax laws, unsure of how to navigate the requirements. That's where Sydney R. Smith, MBA, CAA, steps in.

Motorsport

Brad Keselowski compares NASCAR rule book to "IRS tax code" after RFK failures

Brad Keselowski sits 32nd in the championship standings after a difficult start to the 2025 season. A fifth-place finish last weekend in the Coca-Cola 600 was both his first top five and top ten of the year.

Kiplinger

Energy-Efficiency Credits — Get’ Em While You Can

Green energy-efficiency credits are on the chopping block. These tax credits can be valuable, but you should upgrade your home sooner rather than later.

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