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The Latest Breaking News from IRS

Benefits of Charitable Contributions You May Be Overlooking

There are many tax, estate and income benefits when you donate to charity, especially if you make use of a charitable remainder trust (CRT).

Kiplinger

How IRAs Impact Social Security

Do your traditional IRA distributions count as income that could lower your Social Security benefits? It depends.

Kiplinger

House Republicans Investigate Alleged Retaliation Against IRS Whistleblowers

House Republicans investigate potential improper influence in Hunter Biden investigation based on IRS whistleblowers' claims. Concerns include political in...

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Treasury, IRS To 'Close Major Tax Loophole' To Bring $50 Billion In Government Coffers

The plan will focus on "related party basis shifting," which is typically used by related parties to increase deductions on assets or reduce future gains, thereby lowering the tax liability of the entities involved.

International Business Times

The IRS wants to end another major tax loophole for the wealthy and raise $50 billion in the process

The Internal Revenue Service plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade

The Independent UK

11 Ways to Grow Your Wealth

By setting up a solid investment strategy, creating a budget, boosting your income, and making other smart moves, you can design a blueprint to reach your goals.

Kiplinger

IRA vs Roth vs 401(k): Which Do You Pick?

All offer great tax breaks as you save for retirement. In addition, there are 403(b), SEP and SIMPLE plans and more. But don't worry. It’s hard to go wrong.

Kiplinger

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Five Summer Activities That Can Change Your Taxes for 2025

Certain summertime activities might help lower your taxable income.

Kiplinger

Trump plan to eliminate tip tax garners Capitol Hill interest - Roll Call

Former President Donald Trump again trotted out his desire to eliminate federal taxes on income from tips.

Roll Call

SEP IRA vs. Solo 401(k): Which Is Better?

Two retirement plans, the solo 401(k) and SEP IRAs, allow small business owners and the self-employed to save up to $69,000 annually.

Kiplinger

HSA Contribution Limit Rising Again for 2025

Contribution limits matter when it comes to maximizing your tax-advantaged health savings account.

Kiplinger

Trump Wants To Exempt Tips From Income Taxes. Why Stop There?

Reducing revenue without identifying offsetting spending cuts means Trump is merely promising to borrow more heavily.

Reason

How to Roll Over a 401(k) in Five Steps

Here's how to roll over a 401(k) to a traditional IRA, Roth IRA or even to a Roth 401(k).

Kiplinger

IRS audit could cost Trump over $100M

IRS probe concluded that Trump effectively claimed the same massive write-off twice on his failed Chicago tower

Salon

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Kiplinger

Do You Fear an IRS Audit? You Shouldn't if You Do Your Homework

If you document everything, there’s no reason to freak out if the IRS audits you. Audits are mostly about seeking documentation, not making accusations.

Kiplinger

Scams in Retirement: How to Get Fraudsters to Scram

If a caller asks you for money or personal info like account numbers and passwords, you should hang up. Here’s how to spot scammers and protect yourself.

Kiplinger

Three IRS Tax Deadlines for June 17

There are some important June IRS tax deadlines you shouldn’t overlook.

The Independent UK

IRS decides people who got money from Norfolk Southern after Ohio derailment won't be taxed on it

Most people who received money from Norfolk Southern in the wake of last year’s fiery train derailment in eastern Ohio won’t have to pay taxes on millions of dollars in aid payments after all

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International Business Times

House Members Urge POTUS To Help Free Binance Exec 'Wrongfully Detained' In Nigeria

A group of House representatives have asked the U.S. President to transfer Tigran Gambaryan's case to the Office of the Special Presidential Envoy for Hostage Affairs following his reported health deterioration in Nigerian custody.

Bored Panda

“Get A Job”: Michael Jackson’s Kids Can’t Get Money From His Estate Due To IRS Dispute

"The Estate works with them to ensure that they are very well taken care of, just as Michael would have wanted," the singer's estate said in a statement. The post “Get A Job”: Michael Jackson’s Kids Can’t Get Money From His Estate Due To IRS Dispute first appeared on Bored…

Kiplinger

Five Ways to Catch Up on Retirement Savings

If you’re in your highest-earning years, you can make up for lost time.

Evening Standard

Michael Jackson's children blocked from late singer's trust over '$700m tax bill'

Michael Jackson’s three children and his mother have been blocked from receiving funds from the late singer’s trust until a hefty tax bill has been settled.

Latin Times

IRS Direct File program will now be a permanent option for taxpayers across all states

IRS Direct File pilot program was first rolled out this year. Now it will be a permanent option for taxpayers looking to file their returns online for free.

TechRadar

The IRS is keeping its free tax filing service for the foreseeable future

Taxpayers were so happy with Direct File that the IRS has unveiled plans for a US-wide rollout.

Kiplinger

How to Assess and Sell Your Collectibles

A look at how to assess and sell collectibles that you keep, including jewelry, coins, sports memorabilia and more.

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