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The Latest Breaking News from IRS

9 Retirement Savings Accounts With Automatic Withdrawal Triggers

Saving for retirement is a big deal, but managing those savings can be just as important. Many people set up retirement accounts and then forget about them until it’s time to retire. But what happens when you need to start taking money out? Automatic withdrawal triggers can help. These features…

Clever Dude

Why government support for religion doesn’t necessarily make people more religious

The IRS will offer religious congregations more freedom to endorse political candidates without jeopardizing their tax-exempt status, the agency said in a July 2025 court filing. President Donald Trump has previously vowed to abolish the Johnson Amendment, which bars charitable nonprofits from taking part in political campaigns – although the…

The Conversation

Dave Ramsey Caller Was Overpaid $48,000 By Her Employer. Now They Want It Back—'This Conversation Was Worse Than A Tooth Extraction'

A recent episode of “The Ramsey Show” sparked frustration and sympathy after a caller revealed she was accidentally overpaid $48,000 by her employer—and now, nearly a year later, the company wants the full amount returned.

Benzinga

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

6 Tax Credits Boomers Keep Missing Out On

You’d think that after decades of paying into the system, Baby Boomers would get every break possible during retirement. But when it comes to taxes,...

Saving Advice

7 Financial “Gifts” That Turn Into Legal Nightmares

Giving someone a financial gift should be an act of generosity—simple, heartfelt, and appreciated. But in reality, some of the most well-intentioned gifts can spiral...

Saving Advice

These 6 Savings “Shortcuts” Are Costing You in Taxes

The internet is full of financial hacks and shortcuts promising to help you save faster, retire earlier, and outsmart the system. But in a world...

Saving Advice

9 Secret Strategies the Wealthy Use To Cut Their Tax Bills, According to Preston Seo

No one wants to pay more in taxes than they have to. Here are nine IRS-approved strategies the wealthy use to pay less in taxes, that you can start using, too.

GOBankingRates

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“Grunge was taking off, and yet we were having our two biggest albums. It makes me wonder how well they’d have done had they been out in 1987”: The turbulent story of Lillian Axe, the 80s hard rock band who were too good for hair metal

Cult US hard rockers LIllian Axe should have been way bigger than they were

Louder

10 Social Security Moves That Raised Red Flags With the IRS

For millions of Americans, Social Security provides essential financial support in retirement. But what many don’t realize is that certain decisions involving your benefits can catch the IRS’s attention. From inaccurate reporting to suspicious withdrawals, some Social Security moves raise red flags that could trigger audits, penalties, or delays. Whether…

Clever Dude

6 Retirement Payout Options That Aren’t Being Explained Clearly

Retirement is a big step. You spend years saving, planning, and thinking about what life will look like when you finally stop working. But when it’s time to choose how you’ll get your retirement payout, things can get confusing fast. There are more options than most people realize, and the…

Clever Dude

9 Tax Refunds Reversed Due to Beneficiary Errors

Tax season can feel like a relief when you finally hit “submit” and see that refund on the way. But what if that refund gets reversed? It happens more often than you might think, and the reason is usually simple: beneficiary errors. These mistakes can cost you time, money, and…

Clever Dude

Ask the Editor, July 25: Questions on Four New Tax Deductions

In this week's Ask the Editor Q&A, we answer tax questions from readers on four new tax deductions in the "One Big Beautiful Bill."

Kiplinger

The Unexpected Expense: 11 Tax Breaks For Parents You Didn’t Know Existed

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Kids Ain't Cheap

6 Signs a Scam Is Targeting People Over 50

Scammers are cunning psychologists who know exactly how to exploit human emotions like fear, excitement, and trust. While anyone can fall victim to fraud, criminals often believe they have a higher success rate by targeting people over 50. They assume this demographic may have more savings, be less familiar with…

Budget and the Bees

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The Free Financial Advisor

7 Times Generosity Has Legal Consequences for Seniors

Generosity is a good thing. Most people want to help family, friends, or even strangers when they can. But for seniors, giving away money or assets can sometimes lead to legal trouble. The rules around gifts, taxes, and benefits are strict. One wrong move can cause problems that last for…

The Independent UK

Trump administration is reportedly looking to cut language services at the IRS

IN FULL

The Independent UK

IRS considers eliminating ability to file your taxes in language other than English

Attorney General Pam Bondi issued guidance to federal agencies earlier this month requiring them to plan for compliance with President Donald Trump’s executive order naming English as the country’s official language

Benzinga

Her Husband Didn't Pay $82,000 In Taxes And Now The IRS Plans To Levy Their Home. She's Divorcing Him, But Still Wants To Bail Him Out

A woman from Montana called into “The Ramsey Show” with a story that left hosts Dave Ramsey and Rachel Cruze shocked and frustrated. She’s a nurse who had maintained a steady career while her husband pursued real estate full time. In 2021, they earned enough money that they owed $82,000…

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Kiplinger

No Capital Gains Tax on Home Sales Coming Soon? What You Need to Know

Capital gains taxes are back in the spotlight. This time, the chatter on Capitol Hill has to do with rising home prices.

Benzinga

Her Husband Believes The Government Isn't Real And That They Don't Have To Pay Back Anything. So They Didn't And Now Owe $900K In Total

A woman named Mary from Charlotte, North Carolina, called into a recent episode of “The Ramsey Show,” hosted by George Kamel and Ken Coleman, to explain how her husband’s fringe beliefs nearly destroyed their finances, and may still ruin their future.

Clever Dude

7 Bank Transfers That Created Permanent Tax Problems

Transferring money between bank accounts seems simple. But some bank transfers can create tax problems that never go away. Many people don’t realize that a single transfer can trigger IRS scrutiny, penalties, or even criminal charges. If you’re not careful, you could end up with a permanent tax issue that…

Kiplinger

Five Ways Trump’s 2025 Tax Bill Could Boost Your Tax Refund (or Shrink It)

The tax code is changing again, and if you’re filing for 2025, Trump’s ‘big beautiful’ bill could mean a bigger refund next year, a smaller one, or something in between. Here are five ways the new law could impact your bottom line.

Clever Dude

8 Property Title Transfers That Trigger Federal Scrutiny

Property title transfers often feel like straightforward real estate procedures—but some can suddenly catch the eye of federal regulators. Whether due to tax, anti-money laundering laws, or mortgage clauses, certain transfers trigger more attention than others. Understanding the triggers helps you stay compliant and avoid costly surprises. Let’s explore 8…

Benzinga

Lockheed Martin Under Intense Wall Street Pressure On Mounting Program Risks, Q2 Woes

Lockheed Martin Corp. (NYSE:LMT) faces growing pressure from Wall Street after delivering mixed second-quarter results and absorbing nearly $1.6 billion in charges across key segments.

Benzinga

IRS Budget Axed: $2.8 Billion Cut Sparks Partisan Clash

A House Appropriations subcommittee has passed legislation that would allocate $9.5 billion to the IRS for fiscal year 2026, marking a decrease of more than 20% compared to the agency's current $12.3 billion funding.

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