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The Latest Breaking News from IRS

Record number of Americans are making 401(k) withdrawals to cover immediate expenses — but it comes at a heavy price

Hardship withdrawals from 401(k) accounts have tripled since pre-pandemic

The Independent UK

House Democrats grill IRS chief over data-sharing concerns

Frank Bisignano was pressed on a court ruling that agency broke the law in disclosing and sharing data with Immigration and Customs Enforcement.

Roll Call

Retiring soon? Expert explains how IRAs and 401(k) work

‘The tax advantages associated with IRAs and 401(k)s is what makes them powerful tools when saving for retirement,’ one expert said

The Independent UK

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

I Asked a CPA About Crypto Gains — Here’s What Counts as a Tax Event

Did you sell, trade or mine cryptocurrency this year? A CPA explains which types of crypto transactions trigger IRS taxes and which moves aren't taxable.

GOBankingRates

Tax Season Checklist Smart Seniors Must Do Now

Tax expert Brian Zink shared an essential tax checklist for seniors: organize income docs, verify RMDs, track medical expenses and more.

GOBankingRates

Interesting Dissent in American Indian Religious Case Under Texas RFRA

From a dissent from rehearing en banc Friday in Perez v. City of San Antonio, by Fifth Circuit Judge Andrew… The post Interesting Dissent in American Indian Religious Case Under Texas RFRA appeared first on Reason.com.

Reason

I Asked ChatGPT for the Tax Mistakes Self-Filers Make Most Often — and How To Avoid Them

To ensure my taxes are error-free, I asked ChatGPT for the tax mistakes self-filers make most often and how I could avoid them -- here's what it said.

GOBankingRates

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Don’t Make These 5 Common Mistakes on Your Tax Return

The IRS warns taxpayers to watch out for these common errors as they prepare to file.

Kiplinger

Stop Paying for Tax Prep: The 2026 Free File Options for Seniors

Many seniors are still paying $150–$400 every spring for tax prep they could legally get for free. With the IRS ending its Direct File option,...

Saving Advice

Bigger Refund, Bigger Risk: The Tax Refund Advance Ads Are Coming Back

Tax refund advance ads are back, promising bigger refunds but hiding fees, interest and risks taxpayers. Here's what you need to know this tax season.

GOBankingRates

How I Managed Decluttering My Paperwork After Retiring

Or: Why you don't need to keep tax returns from your 20s and 30s.

Kiplinger

How to Find a Tax Preparer: What to Look for in a Tax Professional

You want to find a tax preparer who's qualified, reasonable and knowledgeable to file your taxes. How do you get a tax professional that's right for you?

Kiplinger

The $6,000 ‘Senior Bonus’ Most Retirees Are Missing on Their 2026 Taxes—Are You Eligible?

Tax season is rarely a cause for celebration, but for millions of Americans aged 65 and older, the 2026 filing season holds a massive surprise....

Saving Advice

3 of the Most Common Questions Tax Experts Get About Tax Software

Experts answer some common tax software questions. Find out more about safety, credits and deductions, and when businesses should use these filing tools.

GOBankingRates

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Saving Advice

How to Give Your Grandkids $19,000 This Year Without Alerting the IRS or Losing Your Own Savings

Many grandparents want to help their grandchildren financially, but there can be tax implications that come along with that. Not to mention, draining your own...

International Business Times UK

Could Iran Close Hormuz? Experts Say It Is Not That Simple

Explore the geopolitical significance of the Strait of Hormuz and the complexities surrounding potential disruptions.

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.

GOBankingRates

5 Tax-Smart Ways the Wealthy Rebalance Their Investment Portfolios

Tax season prompts portfolio rebalancing. Learn how wealthy investors limit their capital gains taxes while adjusting allocations for long-term returns.

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news in one place.

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One news app.

International Business Times UK

US and Israel Strikes Iran: How Middle East Tension Could Raise Fuel Prices

The recent military actions by the US and Israel against Iran have caused significant ripples in global oil markets, with potential impacts on fuel prices worldwide.

International Business Times UK

Average 2026 US Tax Refunds up 10%, but 1 in 5 Filers Miss This Tax Credit Worth Thousands of Dollars

The majority of US tax filers fail to claim the earned income tax credit or the additional child tax credit due to complex eligibility criteria.

Saving Advice

The Social Security ‘Tax Torpedo’ is Hitting Georgia Seniors Hard—How to Shield Your Benefits

When you start collecting Social Security, you might not realize it will impact how much you owe in taxes. After decades of paying into the...

GOBankingRates

The Side Gig Threshold Where Taxes Start To Matter More

Experts explained when side income becomes taxable, how it's treated differently than wages and which rules can help prevent surprise bills and penalties.

GOBankingRates

As IRS Refunds Rise, ChatGPT Offers the Smartest Uses for a $3,000 Tax Refund

IRS data shows average tax refunds rising for the 2025 tax season. ChatGPT advised using your refund for debt, an emergency fund or investing. Here's how.

Kiplinger

Missed Your RMD? 4 Ways to Avoid Doing That Again (and Skip the IRS Penalties), From a Financial Planner

If you miss your RMDs, you could face a hefty fine. Here are four ways to stay on top of your payments — and on the right side of the IRS.

The Free Financial Advisor

IRS Changes for Seniors: What’s Actually New on the 1040‑SR for 2026

The IRS has not added new lines to Form 1040‑SR, but seniors do have something genuinely new to work with this year: a significantly larger deduction created by recent legislation.

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