The Latest Breaking News from IRS

IRS Proposes New Eligibility Rules for Refundable Payments From 4 Tax Credits

The Internal Revenue Service and the Department of the Treasury have issued a notice of proposed rulemaking that would classify the refunded portion of certain federal refundable tax credits as a “Federal public benefit” under the Personal Responsibility and Work Opportunity Reconciliation Act of 1996 (PRWORA). The proposal was published…

The Free Financial Advisor · Aug 21

Ask the Tax Editor, August 21: Tax Help for Disaster Victims

Joy Taylor answers questions from readers on tax breaks for victims of hurricanes, tornadoes, wildfires and other federally declared disasters.

Kiplinger · Aug 21

Treasury's New Rule Could Strip Tax Refunds From DACA, TPS Holders and Other Legal Immigrants

A new Treasury and IRS rule would block DACA recipients, TPS holders and other lawful immigrants from refunda,ble tax credit refunds.

Latin Times · Aug 21

7 Things Women Should Have in Their Own Name — Even in a Happy Marriage

A happy marriage can involve shared dreams, shared bills, and shared financial goals without requiring every dollar and account to have both spouses’ names attached. In fact, a February 2026 Bankrate survey found that 62% of couples keep at least some financial accounts separate, including 36% who use a combination…

Budget and the Bees · Aug 20

Your 401(k) Has $500,000 — How Much of That Money Is Really Yours After Taxes?

A $500,000 401(k) balance can look like a giant neon sign announcing, “Retirement is going to be fine!” Then taxes walk into the room and quietly pull up a chair. If that $500,000 sits in a traditional 401(k), the account balance does not represent $500,000 of spendable money because most…

The Free Financial Advisor · Aug 20

IRS Proposes New Funding Rules for Traditional Employer Pension Plans

The Internal Revenue Service has issued a notice of proposed rulemaking that would update the regulations governing how single-employer defined benefit pension plans calculate their...

Saving Advice · Aug 20

IRS Proposes New Restrictions on Refundable Tax Credits for Some Immigrants

The Department of the Treasury and the Internal Revenue Service have issued proposed regulations that would clarify eligibility requirements for the refunded portions of certain individual income tax credits, according to an official IRS announcement designated IR-2026-93.

The Free Financial Advisor · Aug 20

Treasury, IRS Move to Restrict Refundable Tax Credits for Certain Immigrants: ‘The Days of Illegal Aliens…'

The U.S. Department of the Treasury and Internal Revenue Service (IRS) proposed rules Wednesday to restrict access to the refunded portion of certain federal tax credits for immigrants who do not meet federal eligibility requirements.

Benzinga · Aug 20

Retired With a Mortgage? Ask These 7 Questions Before Using Savings to Pay It Off

Entering retirement with a mortgage can feel uncomfortable, especially for someone who spent decades believing the house should be paid off before the final paycheck...

Saving Advice · Aug 19

Student Loan Repayment Changes and Tax Traps to Watch in 2026

Student loan policy and some key tax rules have changed in recent years. Here's what you need to know.

Kiplinger · Aug 19