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The Latest Breaking News from IRS

IRS tax refund news June 2026: Which taxpayers qualify for delayed refunds and when could payments arrive?

More than $3,400 is the projected average IRS tax refund for many eligible filers this year, making tax refund updates one of the most searched financial topics in June 2026. Thousands of taxpayers are still waiting because of disaster-related filing extensions, paper return processing, and missing direct deposit details. If…

The Economic Times

Rat infestation in IRS building leads to staff sitting on their desks, report says: ‘Falling out of ceilings’

Management has deployed traps throughout the Chamblee Tucker Road facility, though the whistleblower claims some of the rodents are too large for the devices

The Independent UK

Trump’s IRS deal to avoid tax investigations could be in big trouble

ANALYSIS: A federal judge could sanction everyone involved over allegations of ‘serious misconduct’ in the president’s lawsuit against himself, Alex Woodward writes

The Independent UK

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Slush Fund, We Hardly Knew Ye

I have bad news for the Acting Attorney General: This shitshow is not going away any time soon.

Reason

Treasury Secretary Scott Bessent refuses to say whether Trump remains exempt from IRS audits

Treasury Secretary Scott Bessent is refusing to say whether President Donald Trump and his family will still receive immunity from IRS audits after the administration abandoned plans for a $1.776 billion compensation fund

AAP

Trump's Immunity Deal Stinks Even More Than His Blatantly Corrupt 'Anti-Weaponization Fund'

An addendum to the president's "settlement" of his lawsuit against the IRS shields him and his family from liability for any federal offenses they committed prior to May 19.

Reason

Filing an Extension Doesn’t Protect You From Late Payment Penalties — Here’s What Does

Tax season creates a rush of confusion, deadlines, and last-minute decisions that often lead to costly mistakes. Many taxpayers assume that filing an extension buys extra time for everything related to taxes, including payments. That assumption leads straight into one of the most expensive misconceptions in personal finance. The IRS…

The Free Financial Advisor

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Math Error Notices Are Spiking — Here’s What’s Actually Causing Them This Summer

Tax season may feel like it ends in April, but the IRS keeps working long after the deadlines pass. This summer, more taxpayers are receiving “math error notices,” and many of them are opening mail with a sinking feeling. These notices don’t always mean something dramatic, but they do signal…

The Free Financial Advisor

One Line on Your Return Is Triggering Automatic IRS Reviews in 2026

Tax season in 2026 is not playing around, and one small line on a tax return can now set off instant IRS scrutiny without any human ever touching the file first. The IRS continues to expand its automated screening systems, and that means tax returns now pass through stricter digital…

The Free Financial Advisor

Your Refund Could Be Redirected to State Debt Without a Single Notice From the IRS

Tax refund season often feels like a financial reset button, but that refund does not always land in your account as expected. In some cases, federal systems reroute that money to cover outstanding state debts before any deposit occurs. Many taxpayers discover this only after checking their refund status and…

The Free Financial Advisor

Side Hustle Income From Last Summer Is Catching Up With Filers Right Now

Last summer’s extra income is finally showing up in a big way, and tax filers feel the impact right now. Gig apps, freelance platforms, and payment services now report earnings that many people forgot or underestimated. That forgotten weekend delivery shift or casual freelance project suddenly looks very real on…

The Free Financial Advisor

First Thing: Race for California governor deadlocked as primary results across the US pour in

Mixed picture emerges from races across the US, as Trump’s pick fails in Iowa. Plus: Jill Biden speaks about her husband’s decision to drop out of the 2024 election

The Guardian - UK

CONFIRMED: DOJ Abandons Trump's Controversial $1.8 Billion 'Anti-Weaponization' Fund After Bipartisan Backlash

The Justice Department has officially abandoned plans to create a controversial $1.8 billion "Anti-Weaponization Fund," Acting Attorney General Todd Blanche told lawmakers Tuesday, ending weeks of political and legal turmoil surrounding one of the Trump administration's most debated initiatives.

Latin Times

Trump administration drops $1.8 billion 'weaponization' fund after Republican backlash

The Trump administration has dropped its $1.8 billion fund meant to compensate victims of government abuse. This decision followed strong opposition from Republican senators. However, an agreement preventing future audits of Donald Trump's past tax records will continue. The fund originated from a legal settlement concerning Trump's lawsuit against the…

The Economic Times

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Reason

Where Have All the Good Lawyers Gone?

How did an immunity for Trump sneak into Slushfundgate?

The Independent UK

Trump may have dropped his ‘slush fund’ but not the agreement for tax amnesty, Blanche says

Under the terms of the deal, the IRS is ‘forever barred and precluded’ from pursuing claims against Trump, his family or his businesses

The Free Financial Advisor

Refunds Are Being Frozen Over a New IRS Identity Flag — And It’s Happening to More Filers Than Ever

Tax season used to feel like a simple countdown to a refund check landing in the bank account. That expectation now collides with a growing IRS identity flag system that halts refunds without warning. Many filers now see their refunds placed on hold while the agency runs additional identity checks.…

Reason

Trump Is Reportedly Reconsidering His Politically and Legally Contentious 'Anti-Weaponization Fund'

The Justice Department signals a retreat from defending the blatantly corrupt scheme, which provoked vigorous objections from Republican lawmakers.

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Dinks Finance

Estate-Tax Thresholds Are Changing—What Couples Should Review

For many married couples, estate planning feels like something reserved for the ultra-wealthy. However, changing estate-tax thresholds are forcing more middle- and upper-income households to pay attention to how their assets are structured and protected. Federal estate tax exemptions have increased dramatically over the last several years, but many experts…

Kiplinger

Could the New $6,000 Senior Bonus Tax Deduction Hurt Social Security?

Analysis shows that a new tax break designed to help older adults could weaken what is now a key safety net for millions of retirees.

The Free Financial Advisor

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 Times of India

From crypto to golf resorts: How Trump, his allies have profited during his second term

Donald Trump entered his second term promising to focus on the economy, national interests with a 'America First' agenda. However, a recent AP report points to a growing number of business deals, financial ventures and government decisions that have benefited Trump and his allies.

The Guardian - US

‘Outright theft’: legal experts decry $1.8bn Trump anti-weaponization fund

Critics from both sides and legal scholars say ‘slush fund’ is scheme that will help January 6 rioters

We Got This Covered

35 judges urged action. Now a Miami judge has reopened Donald Trump’s ‘Weaponization Fund’ IRS suit

The IRS had a list of defenses for the lawsuit that the GOJ reportedly ignored.

The Independent UK

Inside the Trump money machine: How the president and his family are cashing in on his return to the White House

Trump has consistently faced scrutiny for leveraging his presidency for personal financial advantage, a pattern that has encompassed everything from merchandise deals and crypto ventures to hosting high-dollar political and official events at his properties

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