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The Latest Breaking News from IRS

Elon Musk Claims Democrats Are Using IRS Refund 'Fraud Payments' to 'Attract and Retain Illegal Immigrants in the USA'

Elon Musk has accused the Democratic Party of using fraudulent IRS refund payments as a tool to attract and retain illegal immigrants in the United States.

Latin Times

April RMD? Five Tax Strategies to Manage Your 2025 Income

The April 1, 2025, deadline for required minimum distributions (RMDs) is fast approaching for retirees who turned 73 in 2024.

Kiplinger

The True Cost of Owning a Second Home: What to Consider Before You Buy A Vacation Home

What to consider before buying a vacation home, including mortgages, insurance, taxes, and upkeep.

Kiplinger

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DOGE cuts will ‘in all probability’ increase the U.S. deficit — by a lot: report

The grant, contract and budget cuts in federal agencies, along with the crippling reductions of tens of thousands of government jobs, will “in all probability” end up increasing (by a lot), rather than decreasing the nation’s deficit, which has been the stated intent, notes a new report.

The Independent UK

IRS crime fighting arm announces modernization program as financial crimes use more tech

With technology and AI increasingly used to perpetrate illegal acts, the IRS’ crime fighting arm is announcing a new program intended to improve how it interacts with financial institutions

The Independent UK

Ask the Editor: Reader Questions, March 28 — Tax Returns

Ask the Editor: Taxes, March 28, 2025 — Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on filing tax returns and paying taxes.

Kiplinger

The IRS plan to expose data on undocumented workers threatens nearly $100 billion in tax collections

For years, many immigrants have filed taxes in hopes of gaining legal status. Now “it’s increasingly looking like that act of hope will be used against them,” said one expert.

Fortune

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Revocable Living Trusts: The Good, the Bad and the Ugly

People are conditioned to believe they should avoid probate at all costs, but when compared with living trusts, probate could be a smart choice for some folks.

Kiplinger

Organizations Sue ICE, DHS To Prevent IRS From Sharing Immigrants' Personal Data To Enforce Crackdown

Centro de Trabajadores Unidos and Immigrant Solidarity Dupage are suing to prevent the IRS from disclosing tax returns to immigration enforcement officials

Latin Times

Expat US Tax: Navigating The Worst US Tax Problems Facing US Citizens In Australia

Expat US Tax helps Americans in Australia navigate complex IRS pitfalls, avoiding hefty fines and double taxation with expert strategies for SMSFs, trusts and businesses.

International Business Times

The Ultimate Expat-Focused Online Tax Software For Americans Around The Globe

A self-prep tax software, TopTax ensures hassle-free experience and ultimately helps expats stay compliant with both US and international tax laws.

International Business Times

Trump offers timeline on DOGE cuts after firing chaos

DOGE has fired at least 24,000 probationary federal employees so far

The Independent UK

Get TurboTax for Up to 30% Off at the Amazon Big Spring Sale

Do your taxes for less thanks to this Amazon Big Spring Sale deal on TurboTax software.

Kiplinger

IRS Layoffs Spark Delays, Doubt This Tax Season

Tax experts say Trump’s downsizing of the IRS is already causing problems.

Kiplinger

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news in one place.

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Kiplinger

What Retirees Need to Know About Taxes

Take steps to avoid a surprise tax bill and underpayment penalties.

Kiplinger

Charitable Contributions: Five Frequently Asked Questions

Make the most of your good intentions by understanding the ins and outs of charitable giving. A good starting point is knowing what's deductible and what isn't.

Latin Times

Experts Warn of Steep Fiscal Consequences If IRS Agrees To Share Immigrants' Personal Data With DHS

The IRS may soon share personal data of undocumented migrants to DHS, a move that could discourage the groups from filing taxes, experts warn.

International Business Times

Alarming IRS Forecast Reveals A $500B Collapse In Revenue, Threatening US Financial Stability

Lower IRS collections this tax season due to workforce downsizing and dynamic taxpayer behaviour could increase the risks of the US Treasury being unable to repay bills on time and in full by June unless Congress hikes the debt ceiling.

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news in one place.

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International Business Times UK

Alarming IRS Forecast Reveals a $500B Collapse in Revenue, Threatening US Financial Stability

The Independent UK

Federal workers describe dire conditions as they return to office, including BYO toilet paper and bringing garbage home

Federal workers are being forced to work in the office five days per week in consolidated office space with understaffed cleaning crews and dwindling office supplies

Kiplinger

10 Best High-Yield Savings Accounts to Grow Your Tax Refund

If you're getting a tax refund this year and want to grow it, here are the best high-yield savings accounts to make it happen.

Kiplinger

TurboTax: Features, Pricing and Filing Options for This Tax Season

A closer look at TurboTax's pros and cons to help you decide if it’s the right tax filing software for this tax season.

Fortune

The IRS could collect $500 billion less in tax revenue, report says, and the US may run out of cash in a few months without a debt-ceiling hike

An expected 10% revenue decline is due to changes in taxpayer behavior and President Donald Trump's cuts to the IRS, according to The Washington Post.

The Independent UK

Tax season is a prime time for scams. IRS uncertainty could add to the issues this year

There’s a lot of information (and money) on the table during tax season

The Guardian - UK

First Thing: Greenland PM accuses Trump of interference before visit by US delegation

Experts say US president’s expansionism is threatening rules-based global order in place since 1945. Plus, measles cases already higher than in all of 2024

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