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The Latest Breaking News from IRS

Feeling a Tax Bite? Municipal Bonds Could Be More Compelling Than You Think

If you just wrote a check to the IRS, that could be a reminder that today's municipal bond market may offer better after-tax outcomes than you might expect.

Kiplinger

Your Stock Portfolio Just Got Hammered: Here's a Tax-Smart Way to Recover

If your stock portfolio took a beating this spring, there's a little-known tax strategy that lets you defer — and potentially eliminate — capital gains taxes.

Kiplinger

5 Reasons People Over 50 Are Being Locked Out of Their Online Tax Accounts

If you’ve tried logging into your tax account recently and suddenly found yourself locked out, you’re not alone. Across the country, more taxpayers, especially those...

Saving Advice

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DOJ Leverages Trump Assassination Attempt to Demand Lawsuit Dismissal: 'Your Case Puts President Life at Grave Risk'

The Justice Department demands the dismissal of a lawsuit against White House ballroom construction, citing security risks after an attack on President Trump at the Washington Hilton.

International Business Times UK

Trump's $10 Billion IRS Lawsuit Teeters After Judge Flags Glaring Constitutional Problem

President Trump's $10 billion lawsuit against the IRS faces legal challenges due to potential conflicts of interest, as he sues agencies under his own executive authority.

Latin Times

Trump's $10 Billion IRS Lawsuit Teeters After Judge Flags Glaring Constitutional Problem

President Trump's $10 billion lawsuit against the IRS faces legal challenges due to potential conflicts of interest, as he sues agencies under his own executive authority.

International Business Times UK

Trump Ordered to Explain $10B Lawsuit Against His Own Government That Judge Fears Is an Attempt to Secure Fraudulent Payouts

A federal judge questions the legitimacy of Donald Trump's $10 billion lawsuit against the IRS, citing constitutional concerns over a sitting president suing agencies he controls.

International Business Times UK

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Why Large Itemized Deductions Can Trigger a 2026 Refund Review

Tax season always brings a mix of anticipation and anxiety, especially when a refund looks bigger than expected. A hefty return can feel like a reward, but it can also raise a red flag if the numbers drift too far from typical patterns. The IRS uses advanced screening tools to…

The Free Financial Advisor

If You Live on Social Security Alone, You May Qualify for These 4 Things

If Social Security is your only income, you may qualify for additional government benefits and assistance programs that could help stretch your monthly budget.

GOBankingRates

This Is the Best Way To Invest for Retirement When You’re Self-Employed, According to This Ramsey Expert

A Ramsey expert explains the smartest way self‑employed workers can invest for retirement and build long‑term wealth without an employer plan.

GOBankingRates

The 5 Tax Rules Women Over 50 Are Most Likely to Miss

As women move into their 50s and beyond, financial priorities often shift in meaningful ways. Retirement planning becomes more urgent, healthcare costs start to rise, and income streams may change due to career transitions or part-time work. Yet, one area that often gets overlooked during this stage is tax strategy.…

Budget and the Bees

The New United States Postal Service Change-of-Address Scam Going Viral on Reddit — And How to Avoid It

If you’re moving or updating your address, you’re probably rushing through the process, and that’s exactly what scammers are counting on. A growing number of...

Saving Advice

The ‘Schedule R’ Trap: Why Your 2026 Senior Tax Credit May Be Missing From Your Refund

If you’re over 65 and filed your taxes expecting a bigger refund, you’re not alone in wondering where the money went. Every year, thousands of...

Saving Advice

Ask the Tax Editor, April 24: How Can I Resolve My IRS Tax Debt?

In this week's Ask the Editor Q&A, Joy Taylor answers questions relating to how individuals can resolve their IRS tax debt.

Kiplinger

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The Free Financial Advisor

Michigan Pension Withdrawals Are Still Flagged for Federal Review Under IRS Rules

Retirement should be a reward, not a paperwork puzzle—but federal oversight still plays a major role when pension money starts moving. Michigan retirees often assume their pension withdrawals stay simple because of state-level tax advantages, yet the IRS keeps a close eye on these transactions regardless of where you live.…

International Business Times

AI-Driven Crypto Scams Surge As IRS Investigators Warn Of Billion-Dollar Fraud Wave

Authorities say AI-enhanced fraud networks are scaling rapidly, with billions lost annually as scammers refine tactics that are harder than ever to detect or trace.

Everybody Loves Your Money

The 2026 Energy Credit: Homeowners Can Save Up to $3,200 — But Only 12% Apply

Skyrocketing utility bills have pushed energy savings from a “nice-to-have” into a financial survival strategy, and the 2026 energy credit lands right in that sweet spot. This federal incentive offers homeowners a chance to claim up to $3,200 in tax credits for energy-efficient upgrades, yet shockingly few households take advantage…

Kiplinger

Are You 'Broke Planning'? 10 Frugal Habits People Are Using to Save in 2026

From California to New York, a new survey reveals where Americans are cutting costs. Here's how to pivot those "broke behaviors" into strategic tax advantages.

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GOBankingRates

I Asked ChatGPT What I Can Do To Reduce Next Year’s Tax Bill — Here’s What It Said

I asked ChatGPT to walk me through the options to reduce my tax bill. It highlighted several overlooked moves that can shape how much taxpayers owe.

Reason

Brickbat: Hard at Work

A federal judge sentenced former Baltimore City Schools Police Officer Lawrence Smith to one year and one day in jail.… The post Brickbat: Hard at Work appeared first on Reason.com.

The Free Financial Advisor

Some Tax Software Submissions Trigger Extra IRS Identity Verification

Tax season feels fast and efficient thanks to modern software, but a growing number of filers hit an unexpected speed bump: extra identity verification requests from the IRS. That sudden pause can delay refunds, create stress, and leave taxpayers wondering what went wrong. The truth sits somewhere between security and…

GOBankingRates

I Asked ChatGPT How High Earners Can Reduce Investment Taxes — Here’s What It Said

ChatGPT revealed legal strategies high earners use to reduce investment taxes, including Roth conversions, tax-loss harvesting and smart account placement.

GOBankingRates

How Much You Lose in Retirement Dollars by Helping Your Kids Buy a House

Helping your kids buy a house can have a significant impact on your retirement dollars because you're not just out the amount you give your kids.

International Business Times UK

Surprise HMRC Letter Demands Cash Back Within 30 Days Causing Panic

A taxpayer was told to repay a pension tax refund years later, raising concerns about HMRC's power to revisit past payments.

inkl

How to Respond to an IRS Notice in 30 Days

To handle an IRS notice within a 30-day window, you must immediately verify the "respond by" date on the top right corner of the first page and mail a written explanation or utilize the IRS Document Upload Tool. Waiting even a few days can trigger automated collection actions that are…

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