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The Latest Breaking News from IRS

Getting a $7,500 tax credit for an electric car will soon get a lot easier

Buyers will be able to take advantage of the tax credit at the dealership when purchasing an electric vehicle. And they'll be available even for those who pay little or no taxes.

WEKU

Here's How The EV Tax Credits Get Much Better In January 2024

In 2024, the IRS will now allow dealerships to apply the new or used EV tax credit at the time of purchase.

InsideEVs

Powerball: How much will $1.2bn jackpot winner take home after taxes?

Next Powerball drawing takes place on Wednesday 4 October

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

The IRS Sprang a Leak

Plus: Donald Trump's creative accounting, those sneaky vegans, brain drain, and more...

Reason

Everything you need to know about a government shutdown

The impacts of government shutdowns include furloughed employees, reductions in services, closed parks and museums, and much more.

USAFacts

IRS contractor charged with leaking tax return information of wealthy people

A former contractor for the Internal Revenue Service has been charged with leaking tax information to news outlets about a government official and thousands of the country’s wealthiest people

The Independent UK

Narasimha Reddy appointed CGST Commissioner

IRS officer Sadhu Narasimha Reddy was appointed Commissioner of the Central Goods and Services Tax (CGST), and orders to this effect were issued on Thursday.

The Hindu

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US House Republicans hold first formal Biden impeachment hearing

House Republicans launched a formal impeachment hearing Thursday against President Joe Biden, promising to “provide accountability” as they probe the family finances and lucrative business dealings of his son Hunter and make their case to the public, colleagues and a skeptical Senate.

France 24

House Republicans start making their case for President Biden impeachment inquiry at first hearing

House Republicans are making the case for pursuing an impeachment inquiry against President Joe Biden

The Independent UK

The first impeachment inquiry hearing into Biden was six hours. Here's what happened

House Committee on Oversight and Accountability Chairman James Comer said the hearing will examine the value of an impeachment inquiry and evidence against President Biden.

WEKU

Here's what House Republicans are alleging in their impeachment inquiry against Biden

House Republicans are claiming President Biden benefited from foreign business deals by his son, Hunter, but they have not yet shown direct evidence of that.

WEKU

What is Vivek Ramaswamy’s net worth?

GOP contenders, with the notable exception of Donald Trump, are meeting in Wisconsin on Wednesday for their first public showdown as campaign season hots up

The Independent UK

Ways and Means votes to release more Hunter Biden documents - Roll Call

The Ways and Means Committee voted along party lines to release additional documents related to the investigation into Hunter Biden’s taxes.

Roll Call

House Republicans to call witnesses at first Biden impeachment probe hearing - Roll Call

House Republicans plan to have three witnesses testify Thursday at their first hearing on the impeachment investigation of President Biden.

Roll Call

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The Conversation

What will this government shutdown shut down? Social Security and the IRS keep going; SBA loans and some food and safety inspections do not

The U.S. is moving toward a government shutdown. House and Senate appropriators are divided on spending levels, policy riders and additional items, such as support for Ukraine.

Kiplinger

What Would a Government Shutdown Do to the IRS in 2026?

With a government shutdown looming, some wonder how IRS operations will be affected.

Kiplinger

Inherited an IRA? Key Distribution Rules to Know

Inherited IRA distribution rules have changed in ways that can significantly impact your taxes and tax strategy.

WEKU

Hunter Biden sues Rudy Giuliani for 'total annihilation' of digital privacy

The lawsuit alleges that Rudy Giuliani and an associate's actions are unlawful under California law, and it says Giuliani and the associate have refused to return Hunter Biden's data.

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The Conversation

National Day for Truth and Reconciliation: Exhibit features stolen Kainai children's stories of resilience on Treaty 7 lands

In Canada, when we talk about truth and reconciliation we have a tendency to focus on the Indian residential school system (IRS).

Reason

Win for Writers Guild, Loss for AI

Plus: IRS insanity, robocop photo ops, and more...

Kiplinger

How Tax Laws and IRS Can Help If You're a Victim of Helene, Milton or Other Federally Declared Disasters

Did you know that, in addition to the tax filing and payment extensions, individuals can deduct some losses attributable to federally declared disasters?

Fortune

Did you earn interest on your high-yield savings account this year? Prepare to pay taxes on it

Interest earned on certain bonds and deposit accounts are taxed like ordinary income.

Reason

IRS Targeting More Supposedly 'High-Income' Americans Than Advertised

Don’t count on that promise to not hike taxes on “people making less than $400,000.”

Fortune

Earn too much for a Roth IRA? You can still score tax-free retirement income with this strategy.

High earners could benefit from conversion, but be mindful of the tax bill.

Fortune

Want tax-free retirement income? See if you should choose a Roth IRA or 401(k).

Both accounts are top-notch ways to save for retirement, but if you have a Roth 401(k) at work, it will likely be the winner.

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