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The Latest Breaking News from IRS

Selling a Long-Term Home Can Lead to Capital Gains Taxes—Even for Retirees

Selling a home you’ve lived in for decades can feel like a victory lap. You’ve built equity, watched your neighborhood evolve, and now you’re ready to cash in—maybe to downsize, relocate, or finally enjoy retirement without the upkeep. But here’s the curveball many retirees don’t see coming: a hefty tax…

The Free Financial Advisor

“For King, there was nothing particularly special about the show… It would go on to rank among the best live albums of all time”: The life and times of B.B. King

To celebrate the King of the Blues' centenary, we rewind the reels of a life story that’s equal parts pain and redemption…

Guitar World

Ask the Tax Editor, April 17: Questions on Tax Refunds and Penalties

In this week's Ask the Editor Q&A, Joy Taylor answers questions on tax refunds, how to get the IRS to abate a penalty and related topics.

Kiplinger

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Where a Trump Account Might Fit in Your Financial Strategy for Your Newborn (Agree With Him or Not, Your Child Stands to Benefit)

From July, Trump Accounts will offer a potential $1,000 federal grant for children born in 2025 through 2028. There are some limits and unknowns, though.

Kiplinger

SantaCon had New York City fooled for years. Turns out the only person getting gifts was the founder

Santa’s little secret just got out.

We Got This Covered

6 IRS Notices That Can Lead to Unexpected Tax Bills

That letter from the IRS doesn’t just sit around quietly in the mailbox—it practically hums with anxiety and pressure. Most people assume they’ve done everything right when they file taxes, so any official notice feels like a mistake or, worse, a looming financial hit. The truth is, IRS notices often…

The Free Financial Advisor

The $19.99 “Shipping Fee” Scam: Why Your Credit Card Statement Has This Stealth Charge

Security experts are sounding the alarm after a new wave of sneaky charges—often labeled as a simple $19.99 “shipping fee”—has been quietly draining bank accounts across the country. At first glance, it looks harmless, like something tied to a past online order you barely remember.

Clever Dude

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These Americans are refusing to pay their taxes in protest of the Trump administration

From a Brooklyn freelancer who hasn’t paid federal taxes since the Vietnam War to a new mom horrified by the Iran war, tax resisters say they’d rather face IRS consequences than fund policies they oppose.

Fortune

Medicare Tip: Adults 65+ Can Use HSA Funds for Part B, Part D, and MA Premiums Tax‑Free

If you’re like most retirees, Medicare premiums quietly eat into your monthly budget—and they tend to rise over time. What many people don’t realize is...

Saving Advice

Elizabeth Warren on her proposal to bring back IRS Direct File: ‘For just one day of bombing Iran, we could pay for 20 years’

“For years, giant tax prep companies like TurboTax and H&R Block have rigged our system so they can cash in on your hard-earned dollars.”

Fortune

Over 296,000 happy users last year, 0 this year: How big tax prep crushed the IRS’s free filing tool

Fortune

Banks Are Holding Cash Transfers Over $2,000 for Verification—What Seniors Need to Know

A simple transfer should feel routine, but many seniors now run into unexpected delays when sending or receiving more than $2,000. Banks across the U.S. have increased scrutiny on transactions to combat fraud, and that includes everyday transfers that once moved instantly. This shift can feel frustrating, especially when the…

The Free Financial Advisor

Stop Answering These “Local” Area Codes: The Medicare ‘Verification’ Scam Is Back

Security experts are sounding the alarm after a new wave of Medicare “verification” scam calls started hitting phones across the country, and this time, the trick feels especially sneaky. Scammers no longer rely on obvious red flags like foreign numbers or robotic voices that scream fraud from the first second.…

Clever Dude

8 Smart Ways Pre-Retirees Are Using a Tax Refund To Build Long-Term Wealth

Here are eight of the smart ways pre-retirees are using their tax refunds to build wealth.

GOBankingRates

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International Business Times UK

Over 70 Jobs Now Qualify for 'No Tax on Tips' — Check If You're On The List

The IRS has clarified tax deduction rules for over 70 occupations relying on tips, allowing eligible workers to deduct up to $25,000 in qualifying tips from federal income tax from 2025 to 2028.

International Business Times UK

Got An IRS Call Threatening Arrest? Americans Must Watch Out For Sophisticated AI Scam On Tax Day

Cybercriminals are using AI-generated voices to impersonate IRS agents, exploiting taxpayer anxiety during the US tax filing season. The scams aim to extract financial details or money from victims.

International Business Times

U.S. Tax Refunds Climb As New Tax Cuts Reshape Filing Season

Early IRS data shows refunds surpass $241 billion as filing season reflects changes from last year's tax legislation.

International Business Times UK

Elon Musk '$5,000 IRS Refund' Scam Could Drain Your Bank Account And Steal Your Identity — How The Scam Works

Beware of a new phishing scam promising a $5,000 tax refund linked to Elon Musk, which could drain your bank account and steal your identity.

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The Independent UK

Average tax refund revealed as 53 million filers claimed new Trump exemptions ahead of Tax Day

The White House boasted earlier this year that average returns were projected to rise by at least $1,000

The Independent UK

Last-minute Tax Day advice including how to file for an extension and common errors to avoid

The deadline to file for an extension is Wednesday, which will give you until Oct. 15 to file

International Business Times UK

'Americans Not Required To Pay Income Taxes?' Ex-IRS Agent's Claim In Greene Interview Sparks Debate

Former IRS agent Joe Bannister says he was silenced when he questioned the agency about laws that do not require Americans to pay taxes.

Fortune

Augusta Precious Metals review [dynamic]current-year[/dynamic]

Augusta sells coins, rounds, and bars for any occasion—but its bread and butter is precious metals IRAs.

GOBankingRates

5 Tax Moves To Consider the Year You Turn 73

Turning 73 triggers new tax rules. Here are five smart moves retirees can consider to manage RMDs and reduce surprise tax bills.

The Free Financial Advisor

Unreported Income: How the IRS Finds Out (and What It Costs You)

The fastest way to turn a good year into a financial nightmare involves ignoring income that never makes it onto a tax return. That decision might feel harmless in the moment, especially when the money comes from a side gig, freelance project, or cash payment that seems invisible. Yet the…

The Free Financial Advisor

5 Hidden Triggers That Can Turn Your Tax Refund Into an IRS Audit

A big tax refund feels like a success, right? That number pops up on the screen and suddenly plans start forming—pay off debt, book a trip, maybe splurge just a little. But here’s the twist that doesn’t get enough attention: that same refund can quietly wave a red flag if…

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