The Latest Breaking News from IRS

Nondefense squeeze won’t spare IRS in omnibus spending talks

WASHINGTON — The IRS won’t get the appropriations boost for the ongoing fiscal year that Democrats had hoped for, adding emphasis to the party’s push to offer the agency $80 billion in extra funds through their stalled budget reconciliation package.

Tribune News Service · Feb 18, 2022

Why you should want the IRS to use facial recognition technology

An op-ed from the Washington Post

Reason · Feb 18, 2022

Nondefense squeeze won't spare IRS in omnibus spending talks - Roll Call

The Internal Revenue Service won’t get the appropriations boost for this year that Democrats had hoped for.

Roll Call · Feb 18, 2022

Tax season 2022: Everything to know before you file and how to get your refund fast

With tax-filing season already underway, experts are warning taxpayers to brace for another year of delays and complications — underscoring the importance of filing early and preparing your information carefully.

Tribune News Service · Feb 14, 2022

Is Medical Marijuana Tax Deductible? IRS Official Provides 'More Clarity' After Misstatement

As we all know, the marijuana industry has grown substantially in recent years, with sales expected to hit $25 billion by 2025.

Benzinga · Feb 14, 2022

7 ways small-business owners can save on taxes in 2022

Small-business owners, freelancers and people with side gigs can reduce their tax bills and their anxiety levels this tax-filing season by knowing the taxability rules for Paycheck Protection Program money, taking advantage of new deductions for business meals and mileage and putting money in tax-advantaged retirement accounts designed for self-employed…

The Independent UK · Feb 11, 2022

Getting paid on Venmo or Cash App? There's a tax for that

If you're a U.S. citizen making money from the sale of goods or services, the IRS considers it taxable income regardless of how or where you're paid. But some sellers have tried to fly under the feds' radar by taking payments through an online app, such as Paypal or Venmo,…

Los Angeles Times · Feb 10, 2022

EXPLAINER: How to claim child tax credit $ on your taxes

Millions of Americans who have never filed a tax return will need to do so this year in order to claim what's coming to them under the enhanced child tax credit

The Independent UK · Feb 9, 2022

US taxpayer advocate: Americans could face a tough tax season

Millions of U.S. taxpayers could face delays in having their tax returns processed by the IRS and in receiving their refunds, the nation's taxpayer advocate on Tuesday testified before Congress.

Los Angeles Times · Feb 9, 2022

Joe Rogan and the Weird New Definition of 'Right-Winger'

Plus: Against ideological surveillance, the truth about "free" COVID-19 tests, and more...

Reason · Feb 8, 2022