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The Latest Breaking News from the Internal Revenue Service

IRS Announces 27 States Have Opted Into New Federal Scholarship Tax Credit Program

The Internal Revenue Service announced that 27 states have elected to participate in the Federal Scholarship Tax Credit (FSTC) program, a new federal initiative that allows eligible taxpayers to claim a tax credit for contributions made to qualifying scholarship organizations.

The Free Financial Advisor

Illegal immigrant in US sentenced to 8 years for helping businesses hire undocumented workers, defrauding government of $38 million

Mario Flores, a national from Honduras, has been sentenced to eight years in prison due to his involvement in a large-scale payroll tax fraud operation. He facilitated businesses in dodging taxes and employing undocumented workers via an illicit cash system, orchestrating millions in fraudulent transactions. Notably, his girlfriend received a…

The Times of India

IRS Paper Return Processing Is Now Taking Up to 6 Months — Here’s the Faster Option

Tax season already brings enough stress without adding months of waiting for a refund. The Internal Revenue Service now reports that paper tax returns can take up to six months to process, creating long delays for millions of filers. That timeline can turn a simple refund into a waiting game…

The Free Financial Advisor

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Millions of Americans Miss This June Tax Deadline Every Year — And Pay a Penalty for It

Tax season may feel like ancient history once April passes, but the Internal Revenue Service still has another important date waiting on the calendar. Every June, millions of Americans face a tax deadline that receives far less attention than Tax Day. Unfortunately, many taxpayers do not realize it exists until…

The Free Financial Advisor

Where Was $1.776 Billion Going? The Shocking List of People Blocked by New 'Slush Fund' Bill

US senators Mark Kelly, Adam Schiff and Elissa Slotkin have introduced the Drain the Slush Fund Act to shut down Donald Trump's $1.776 billion 'anti‑weaponisation' fund.

International Business Times UK

Trump reconsidering $1.8 billion fund, AP source says, as Justice Department temporarily pauses it

President Donald Trump is rethinking a massive fund for his allies. The Justice Department has paused its implementation following a court order. This move comes amid strong opposition from Republican lawmakers concerned about oversight and potential payouts to participants of the January 6th Capitol riot. The fund was established to…

The Economic Times

Donald Trump immunity from IRS audit shocks experts, who warn it could undermine trust in tax system

Donald Trump's tax probes have ended. The Internal Revenue Service agreed to drop all pending investigations into the former president's tax payments. This decision came as part of a settlement for a lawsuit Trump filed over a leak of his tax returns. The agreement grants Trump and his organisation immunity…

The Economic Times

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Arsenal clinch Premier League title after 22-year drought

PRESS REVIEW – Wednesday, May 20, 2026: The 17th Ebola outbreak in the DR Congo is getting a lot of coverage. Papers are looking into the impact of recent aid cuts on the emergency response plan. In the United States, President Donald Trump's battle with the Internal Revenue Service continues…

France 24

Trump's Former Lawyer, Now Acting Attorney General, Signs Order Shielding Trump Family From IRS Audits

Acting AG Todd Blanche signed an order shielding Trump and his family from IRS audits, sparking legal and ethical concerns. The settlement includes a £1.3 billion fund for alleged victims of government weaponisation

International Business Times UK

Audits into tax claims for Trump and his family barred

The US Justice Department has barred the Internal Revenue Service ⁠from ever pursuing audits into tax claims for Donald Trump, his relatives and companies.

AAP

US drops tax claims against Donald Trump under IRS settlement

The Trump administration has reached a settlement that permanently bars the US government from pursuing current tax claims against President Donald Trump, his sons and the Trump Organisation as part of Trump’s $10 billion lawsuit against the Internal Revenue Service over the leak of his tax returns.

The Times of India

Trump's Treasury Lawyer Resigns in Disgust Over Secret $1.8 Billion Payout Fund for J6 Rioters

Brian Morrissey resigned just hours after the Trump administration created a $1.776 billion 'anti‑weaponisation' fund to compensate allies, including some Jan. 6 defendants.

International Business Times UK

Trump’s immigration crackdown could cost nearly $500B in lost taxes over the next 10 years

Undocumented immigrants may be deterred from filing after the IRS agreed to share taxpayer data with ICE

The Independent UK

Trump Expected To Drop $10 Billion IRS Lawsuit For $1.7 Billion Fund For Allies

President Donald Trump is expected to drop his $10 billion lawsuit against the Internal Revenue Service in exchange for a proposed $1.7 billion compensation fund for allies who say the Biden administration wrongfully targeted them.

International Business Times

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Grocery Coupon Guide

4 Grocery Purchases That May Qualify for Medical Deductions This Tax Season

Preparing your annual tax return is incredibly stressful for families trying to maximize their financial refunds. Most people understand that visits to the doctor and expensive prescription medications count toward their annual health expenses. However, many taxpayers completely overlook the potential savings hiding directly inside their weekly supermarket receipts. The…

International Business Times UK

Still Waiting on Your Tax Refund? Here's How to Track It After the 2026 Deadline

The IRS provides an online tool to track tax refunds, which can be delayed due to errors, security checks, or specific tax credits. Electronic filing and direct deposit expedite the process.

International Business Times UK

Over 70 Jobs Now Qualify for 'No Tax on Tips' — Check If You're On The List

The IRS has clarified tax deduction rules for over 70 occupations relying on tips, allowing eligible workers to deduct up to $25,000 in qualifying tips from federal income tax from 2025 to 2028.

International Business Times UK

Got An IRS Call Threatening Arrest? Americans Must Watch Out For Sophisticated AI Scam On Tax Day

Cybercriminals are using AI-generated voices to impersonate IRS agents, exploiting taxpayer anxiety during the US tax filing season. The scams aim to extract financial details or money from victims.

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International Business Times UK

Don't Be Misled: The IRS Fresh Start Programme Won't Wipe Out All Your Debt

Explore the IRS Fresh Start Initiative, its benefits, and common misconceptions. Learn how it helps manage tax debt without erasing it.

International Business Times UK

Filing Taxes Last Minute? Read This Before You Hit Submit

Avoid common tax filing mistakes and ensure a smooth refund process by double-checking your return before the April 15 deadline. Learn how to prevent errors with expert tips on filing status, Social Security numbers, income reporting, and more.

Saving Advice

The “Dirty Dozen” 2026: 12 Tax Scams Currently Targeting American Retirees

Tax season already creates enough stress, but scammers see it as the perfect opportunity to strike. Every year, the Internal Revenue Service releases its “Dirty...

GOBankingRates

Can You Still Get Your Tax Refund as a Paper Check?

The Internal Revenue Service announced in late 2025 that it is phasing out paper refund checks. Find out what this means for you.

International Business Times UK

If You're Over 65, These 3 Hidden Tax Benefits Could Put Thousands Back in Your Pocket

Learn about the new tax deductions and opportunities for seniors, including the expanded standard deduction and the One Big Beautiful Bill Act.

The Independent UK

Treasury Department terminates union contracts for IRS and Bureau of the Fiscal Service workers

The Treasury Department says it has ended its collective bargaining agreement with unionized workers employed at the Internal Revenue Service

Everybody Loves Your Money

States Are Holding Billions in Unclaimed Tax Refunds—Here’s How to Claim Yours Before It Expires

Money sits in government accounts right now with names attached to it. Real names. Real addresses. Real dollar amounts. State governments across the country hold billions of dollars in unclaimed tax refunds, and the clock keeps ticking on many of those checks. Once the deadline passes, that money does not…

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