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The Latest Breaking News from IRS

Suze Orman: 4 Ways To Make the Most of Your Tax Refund

Learn the smart money moves Suze Orman recommends for making the most of your tax refund and strengthening your financial future.

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I Asked a Tax Pro for Legal Ways To Reduce IRS Taxes: 8 Top Strategies

Explore legal IRS tax‑saving strategies like solar tax credits, oil & gas loopholes, real estate cost segregation, QSBS gains and 'buy, borrow, die.'

GOBankingRates

5 Tax-Season Choices That Have Long-Term Consequences

Tax season is often viewed as a sprint to the finish line, but the boxes you check this April determine your financial stability for years...

Saving Advice

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I Asked ChatGPT How the IRS Decides Which Tax Returns Get a Second Look

To better understand what's happening behind the scenes, I asked ChatGPT to help break down how the IRS decides which tax returns get a second look.

GOBankingRates

You Could Get a Bigger Tax Refund This Year — Here’s Why and What To Do With It

Discover the reasons tax refunds may be larger this year and the smartest ways to put that extra cash to work.

GOBankingRates

Super Bowl LX Gambling 2026: Expert Explains Tax Rules Every Winner Must Know

Legal sports betting is common across the U.S. However, gambling winnings are considered taxable. Brush up on IRS rules, state taxes, loss deductions and more.

GOBankingRates

Inherited an IRA? Don't Fall Into the 10-Year Tax Trap

Rules on inherited IRAs have tightened, and most non-spouse beneficiaries must empty the pot in 10 years or face stiff penalties. That calls for an action plan.

Kiplinger

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Your 2026 Refund Could Be Blocked If You Claimed These Two Credits

Tax season 2026 has officially arrived, yet millions of families now face a digital wall. Many people count on this money to pay debt or repair vehicles. Consequently, you must brace for potential delays this year. The IRS has flagged specific returns for “enhanced review.” These returns often contain two…

Budget and the Bees

“Ghost Refund” Alert: Why the IRS is Warning DINK Couples About These 3 Tax Software “Hacks”

If a “refund hack” sounds like it prints money, it usually prints problems instead. The IRS has been warning taxpayers that viral tax advice and DIY “tweaks” inside tax software can trigger inflated refunds that don’t actually materialize, get frozen for review, or get reversed after the fact. For DINK…

Dinks Finance

5 Tax Documents Retirees Often Overlook Until Filing Time

For the last few years, tax season for retirees was relatively boring. You took the standard deduction, ignored your shoe box of receipts, and filed...

Saving Advice

Student Loans Forgiven Are Now Taxable In 2026 — Set Money Aside for Tax Bills

For years, student loan forgiveness felt like a financial fairy tale — the kind where your debt disappears and everyone rides into the sunset with zero consequences. But starting in 2026, that dream comes with a plot twist that could hit your wallet hard. If your student loans are forgiven…

The Free Financial Advisor

Three affordable states where you can retire comfortably on Social Security

The average monthly Social Security payment for a retired worker was $2,071 in January 2026

The Independent UK

What Seniors Should Reevaluate Before Mid-Year Costs Set In

We are approaching the halfway mark of 2026. For many retirees, January’s budget was set with optimism, but by June, the reality of “variable expenses”...

Saving Advice

Why Your 401(k) Catch-Up Contribution Just Got More Expensive for 2026

If you’re over 50 and you’ve been leaning on your 401(k) catch-up contribution to speed up retirement savings, 2026 may feel like a gut punch even if the dollar limit goes up. The issue isn’t that the IRS suddenly reduced how much you can save. It’s that a rule change…

Dinks Finance

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I’m a Tax Professional: 5 Reasons People File Their Taxes at the Last Minute

Americans often procrastinate tax filing due to stress, missing documents, complex returns or money concerns. Penalties, delays & lost tax refunds can result.

The Independent UK

Dow Jones stock market hits new record and crosses 50,000 points for the first time

It took approximately a year and a half for the Dow to increase from 40,000 to 50,000

Saving Advice

4 Tax Filing Errors That Are Triggering Extra Reviews This Year

In the past, filing taxes was a predictable ritual: mail in the return or e-file it, and wait 21 days for the refund. In 2026,...

Fortune

Your tax return this year might be late because of an understaffed IRS

Delays in processing tax returns can be especially perilous for low-income households.

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The Independent UK

Six Flags upgrades Gold Pass benefits that will offer massive savings for its parks

The membership benefit upgrades come as Six Flags parks struggle with attendance

The Independent UK

Tax refund delays: Why yours might be late this year

The Internal Revenue Service has lost around 27 percent of its workforce since January 2025

GOBankingRates

The Quiet Ways Inflation Changes Your Tax Outcome

These are the quiet ways inflation can change your tax outcome and what you can do about it.

GOBankingRates

Here’s What Happens If You File Your Taxes Wrong in 2026 — and How To Fix It

Filed your taxes wrong in 2026? Learn what types of mistakes could trigger delays, penalties or audits. Also discover how you can fix the errors fast.

The Independent UK

Four reasons hiring an accountant makes tax season easier - and more profitable

‘A good tax professional helps reduce avoidable mistakes, asks the right follow-up questions, and makes sure the return is consistent and well-documented,’ one expert said

GOBankingRates

6 Little-Known Triggers for Complex Tax Planning You Must Know Before You File

A single life event like an inheritance or home sale can complicate your tax situation. Some of these tax triggers may change what you owe if you don't act.

Kiplinger

Ask the Editor, February 6: Questions on Federal Income Tax Deductions

In this week's Ask the Editor Q&A, Joy Taylor answers questions on federal income tax deductions

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