The Latest Breaking News from IRS

Trump's 'Anti-Weaponization Fund' Marks a Pattern of Trying To Profit From the Presidency

Since the beginning of his first term, the president has repeatedly used his office for personal gain.

Reason · Jul 9

The Social Security Fix That Would Send Tax Rates Soaring

There are only a handful of ways to shore up Social Security. Sens. Bernie Moreno and Elizabeth Warren are backing one of the most expensive.

Reason · Jul 9

The IRS Never Texts You, So Why Are They Doing It Now?

Taxpayers have been told for years that the IRS never sends a text message. But under 2026 digital rules, the agency can reach out for three specific reasons.

Kiplinger · Jul 9

Your Employer May Match Student Loan Payments in 2026—But Only Up to the 401(k) Deferral Limit

Under SECURE 2.0, employers can choose to treat qualified student loan payments as though they were 401(k) contributions when calculating matching retirement contributions. However, the amount of loan payments eligible for matching generally cannot exceed the annual elective deferral limit, which rises to $24,500 in 2026. That makes it important…

The Free Financial Advisor · Jul 7

7 OregonSaves Rules Every New Oregon Employer Should Know Before the July 31 Deadline

OregonSaves became the nation’s first state-facilitated retirement savings program in 2017 and now has more than 120,000 participating workers and billions of dollars in retirement assets under management, giving employees without workplace retirement plans an easy way to save through payroll deductions. For many new Oregon employers, July 31 marks…

The Free Financial Advisor · Jul 7

IRS Updates Gift Tax Exclusion Rules for Trump Account Contributions

Parents and other contributors now have more clarity on a key tax issue tied to the newly launched tax-advantaged accounts.

Kiplinger · Jul 7

SSA Just Launched the Trump Account Enrollment Process—What Parents and Grandparents Should Know

If you’re a parent or grandparent looking to jumpstart a child’s financial future, the Social Security Administration (SSA) has made it easier to enroll eligible...

Saving Advice · Jul 7

Trump Accounts Open With $1,000 Free Cash for Every Eligible Baby as Dow Storms Past 53,000 for First Time Ever

President Trump launched a savings scheme for American newborns, offering £749 ($1,000) in seed money, as the Dow Jones closed above 53,000 for the first time. Critics question its benefits.

International Business Times UK · Jul 7

Opening a Company in the USA as a Non-Resident: Why So Many Are, and How It Works

Over the past few years a quiet shift has taken hold among entrepreneurs outside the United States: rather than waiting on a visa or a move, they are simply opening a company in the USA from wherever they already live. A founder in Dubai, a consultant in Amsterdam, a small…

inkl · Jul 7

The Roth IRA Shield: How Smart Retirees Are Protecting Their 2027 Social Security Raises From the IRS

The Senior Citizens League is projecting a 3.8% Social Security COLA for 2027, potentially adding about $77 a month to the average retiree's benefit but also pushing more pensioners into paying tax on their benefits.

International Business Times UK · Jul 7