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The Latest Breaking News from IRS

Understand These Hobby Loss Rules to Reduce IRS Audit Risks

The IRS will scrutinize tax returns reporting large losses from any activity that sounds like a hobby. Here is what you need to know.

Kiplinger

Three Strategies to Cut Your Taxes in Retirement

All that money in your tax-deferred retirement accounts? Uncle Sam is going to want his cut, so here's how to prepare for that.

Kiplinger

Kamala Harris Golf Tax and Unrealized Gains? What You Really Need to Know

There's a lot of social media talk about capital gains taxes and a golf tax. How much is real?

Kiplinger

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Child Tax Credit 2025 and 2026: How Much Is It and What's Changed?

Here's what you need to know about the federal child tax credit (CTC) for 2025 and 2026.

Kiplinger

IRS Urges Employers to Participate in ERC Voluntary Disclosure Program

Businesses can fix ERC claims with the IRS at a lower cost, but only for a limited time.

Kiplinger

529 Plan Contribution Limits for 2026

Each state sets 529 plan contribution limits, which range from $235,000 to just over $600,000..

Kiplinger

How Many Retirement ‘Tax Buckets’ Do You Have?

Diversifying retirement account types can lead to more significant and flexible tax benefits.

Kiplinger

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Fun Things to Do in Retirement With Added Tax Benefits

What should I do first when I retire? Well, it wouldn’t hurt to save a little on your taxes.

Kiplinger

Trump fingerprints all over Project 2025

Project 2025 is part of a larger network of right-wing groups gearing up for a second Trump term for years

Salon

J&K: Major pre-poll reshuffle - 89 IAS, JKAS officers transferred

J&K government has announced the transfer and posting of 89 IAS and JKAS officers. Read further on Dynamite News:

Dynamite News

The IRS has loads of legacy IT — but it's not equipped to replace it

IRS advised to re-establish its office for decommissioning outdated IT systems.

TechRadar

Carving Out a Tax Cut Just for Tips Doesn't Make More Sense When Kamala Harris Does It

Exempting tips from the federal income tax would add to the deficit and unfairly penalize nontipped workers. It's a bad idea no matter who is pitching it.

Reason

IRS Restarts Processing of Some ERC Refunds: What to Know

Some businesses may receive employee retention tax credit payments as early as September.

Kiplinger

Jamie Dimon wants to hit millionaires with 'Buffett Rule' to tackle national debt

'The Buffett Rule' was coined after the Berkshire Hathaway CEO highlighted he pays the same percentage share of income tax as his secretary Debbie Bosanek.

Fortune

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Kiplinger

What Is an IRA and Which Type is Best for You?

An Individual Retirement Account (IRA) is a tax-advantaged savings account to help you boost your nest egg. Learn which type of IRA is best for you.

Kiplinger

Some States Won’t Participate in IRS Direct File for 2025

You may not be able to use the new IRS tax filing system if your state doesn't allow it. Plus, an incoming Congress could eventually bring an end to the program.

Kiplinger

Should Tax on Tips Stay or Go Under Trump?

As the No Tax on Tips Act gains momentum, economists warn of potential pitfalls. Will not taxing tips help or hurt workers?

Fortune

Coca-Cola is going reverse Yankee by selling €1 billion of Euro debt to cover a potential tax charge

The beverage company has been in a long-drawn dispute with tax authorities in the U.S. over a $16 billion charge that it could possibly owe.

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Lady Changes Birth Name At 22 To Forget The Past, BF Finds Out And Starts Using It, She Dumps Him

In human existence, there are a couple of fundamental things that we can’t choose. Not only can we not choose our genetics, birthplace, and environment from the get-go, but our names are typically given by our parents too. Fortunately, at least changing one’s name is possible. Although it’s quite a…

Reason

Kamala Harris Is Running on 'Freedom.' Does She Mean More Than Just Abortion?

Gov. Tim Walz, the vice presidential candidate, told Republicans to "mind your own damn business" about abortion policy. Perhaps they should apply that concept further.

Kiplinger

Will Elon Musk Crack Down on IRS Tax Cheats Who Owe $50 Million?

IRS employees are required to pay their taxes on time, but thousands slipped through the cracks.

Kiplinger

401(k) Plans: What You Need to Know Now

Are 401(k) plans really worth it? Here's how they work and the five advantages of owning a plan. Your older self will thank you for investing in one.

International Business Times UK

The Top 1% Save Over $150 Billion in Taxes Annually: 5 Tax-Saving Strategies They Use

Millionaires often leverage provisions like backdoor Roth IRAs, 1031 exchanges, and business asset depreciation to reduce tax liabilities and preserve capital.

Kiplinger

Three Key Facts to Know About Your RMDs

If any of your retirement savings are in a tax-deferred account, then you will face required minimum distributions (RMDs). Not having a strategy could prove costly.

Top News

Coca-Cola To Pay Billion In Back Taxes

Coca-Cola to pay billion in back taxes to IRS while appealing a 17-year-old tax court case.

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