The Latest Breaking News from IRS

Here's what you can deduct if you aren't itemizing, along with tax brackets, senior deductions including the phaseout ramp, and what you can reasonably expect.

Nobody wants to hear from the IRS after filing their taxes, especially if it’s about an audit. Seriously, it is a fear many American adults share. While audits are rare (less than 1% of individual returns are flagged), certain deductions can draw unwanted attention. These aren’t necessarily “bad” deductions, but…

Money has a funny way of disappearing right when you think you’ve finally gotten ahead, and year-end is where many financial surprises like to hide. Between holiday spending, year-end bonuses, and last-minute financial moves, small oversights can quietly turn into expensive lessons. Some of the most painful costs don’t come…

In 2026, the maximum contribution limits for 401(k) plans have increased, giving you an excellent shot at maximizing your retirement savings.

2026 brings slightly larger paychecks to some Americans because of IRS changes and the One Big, Beautiful Bill Act.

It is a scenario playing out for millions of borrowers in early 2026: you log in to your portal to make a standard payment, only...

Russia-linked actors are targeting tax firms in the US, stealing highly sensitive data

About 144 million Americans might qualify for the 2026 universal charity deduction, while high earners face new IRS limits. Here's what to know.

Treasury Secretary Scott Bessent says Trump's One Big Beautiful Bill could give households up to £1,600 ($2,000) in tax refunds by early 2026, with billions returning via retroactive code changes.