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The Latest Breaking News from IRS

529s: No Longer the Ho-Hum Investing Device for College

Changes to the plans allow for the savings to be rolled into a Roth IRA, as long as certain rules are met, if a child decides not to pursue their education.

Kiplinger

IRS Launches Audits On Business Aircraft Personal Use

Learn about IRS audits on business aircraft, focusing on personal use and tax deductions. Detailed record-keeping is crucial for compliance.

Top News

Does Your Child Need to File a Tax Return This Year?

Here’s how to tell if your child needs to file a tax return and how it can impact your tax liability.

Kiplinger

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Tax Deadline Extension Information For Taxpayers

Stay informed about tax deadlines, extensions, and penalties to ensure timely filing and avoid fees.

Top News

Will Your IRS Refund Be Less This Year?

Data show federal tax refunds are about $600 lower this year than last. Will you get less money back from the IRS this tax season?

Kiplinger

IRS campaign brings potential tax scrutiny for American soccer club owners

The IRS' Sports Industry Losses campaign has raised concerns for owners of American soccer clubs as it may scrutinize their reported tax losses.

Top News

Tax refunds in the US lower, IRS expects over 128 million returns

Find out why Americans are receiving smaller tax refunds this year. Discover the average refund amount, the IRS's explanation, and how to track your refund.

Top News

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Bitcoin Taxes: Key Reminders to Stay IRS Compliant Amid Record High

Discover the top six things to keep in mind to stay out of IRS tax troubles as Bitcoin approaches its all-time high. Stay informed and avoid tax implications.

Top News

2026 Tax Deadline: Does Your State Have an IRS Disaster Extension?

The IRS has extended tax deadlines in several states due to severe storms, fires, hurricanes, and other natural disasters. See if you qualify for relief.

Kiplinger

IRS Reports 29% Decrease In Average Tax Refunds For 2024

IRS notes a 29% drop in average tax refunds for 2024, citing factors like refund delays and inflation adjustments.

International Business Times

How the IRS Taxes Retirement Income in 2026

It's important to know how common sources of retirement income are taxed.

Kiplinger

Did You Bet on Super Bowl 59? Don’t Forget Taxes

If you won or lost a bet on the big game, remember these sports betting considerations to avoid tax surprises later.

Kiplinger

55 American Marketing Scams That People Can’t Believe Others Fall For

This only can be labelled as marketing fraud - an illegal practice that makes false or misleading claims for financial gain. The post 55 American Marketing Scams That People Can’t Believe Others Fall For first appeared on Bored Panda.

Bored Panda

Minnesota Child Tax Credit in 2024: How Much Will You Get?

The Minnesota child tax credit is the highest state credit in the country. Here’s how to tell if you qualify — and how much money you’ll get.

Kiplinger

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Kiplinger

Mortgage Interest Tax Deduction: What You Need to Know

Should you claim the mortgage interest deduction when you file your federal tax return?

Kiplinger

Maine Tax Relief Granted Following Severe Storms

The IRS has granted Maine tax relief to taxpayers affected by severe storms late last year.

Bored Panda

Blind Student Follows Professor’s Rules And Turns In A Black Piece Of Paper: “Well Played”

An assistant to a blind student witnessed a creative and clever bit of malicious compliance when the student did exactly as the professor asked. The post Blind Student Follows Professor’s Rules And Turns In A Black Piece Of Paper: “Well Played” first appeared on Bored Panda.

Kiplinger

The Tax Forms Retirees Are Receiving in 2026 and What They're For

Knowing what forms you're getting and why is important so you can ensure that you and your tax preparer have what's needed to file your taxes.

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Roll Call

New Israel supplemental readied in House, without offsets - Roll Call

Speaker Mike Johnson told GOP lawmakers Saturday that he's preparing to bring a stand-alone, $17.6 billion package for Israel to the floor.

The Hindu

New Principal Chief Commissioner of Income Tax, Kerala, takes charge

Jayanthi Krishnan, a 1988 batch IRS Officer, becomes Principal Chief Commissioner of Income Tax, Kerala.

Kiplinger

Tax Relief for Connecticut and Rhode Island Storm Victims

Storm victims in Connecticut and Rhode Island have extended IRS tax deadlines.

International Business Times

FTX Scraps Relaunch Plans, Expects Full Customer Repayment

FTX, the collapsed crypto exchange founded by Sam Bankman-Fried, said it has abandoned plans to relaunch and will instead focus on liquidating assets so it can repay customers.

Kiplinger

Five Tax Breaks Business Owners Might Not Know About

Did you know you could get a break on your company’s taxes by hiring your kids? Read on for more strategies to help you lower your business’ taxes.

WEKU

The IRS got $80B to help people and chase rich tax avoiders. Here's how it's going

Commissioner Danny Werfel says the IRS is seeing "very powerful early results" in its efforts to improve enforcement on high wealth is paying off.

WEKU

Ex-IRS contractor sentenced to 5 years in prison for leaking Trump's tax records

Charles Edward Littlejohn of Washington, D.C., gave data to The New York Times and ProPublica between 2018 and 2020 in leaks that appeared to be "unparalleled in the IRS's history," prosecutors said.

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