The Latest Breaking News from IRS

When the IRS delayed its $2,500 reporting threshold and announced a return to the $20,000 and 200 transaction limit for 2025, millions of small sellers...

Opening a bank account for your baby may seem unnecessary at first, but it’s one of the smartest financial moves new parents can make. From...

Financial advisors hear a lot of questions, but some personal money questions are so surprising that they make even seasoned professionals pause. These queries highlight how complex—and sometimes misunderstood—personal finance can be. Asking the right questions leads to better decisions, but asking truly unusual ones can reveal gaps in financial…

Ever feel like tax season is designed to make you break into a cold sweat? You carefully save receipts, download the latest forms, and pat yourself on the back for being a responsible adult—only to find out the government quietly changed the rules behind your back.

Converting to a backdoor Roth IRA via an IRS "loophole" is an estate planning tool that gives heirs tax-free income in retirement. It can help you, too.

New IRS guidance just reshaped the opportunity zone landscape for 2027. Here's what high-net-worth investors need to know about the enhanced rural benefits.

Treasury Secretary Scott Bessent expressed confidence in the trajectory of the U.S. economy, citing key deflationary trends, tax policy changes, and incoming tax refunds for working Americans.

For decades, the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) reduced or eliminated Social Security benefits for millions of public workers who also...

Here are some schemes to avoid since they can land you in serious trouble.