The Latest Breaking News from IRS

That dusty treadmill in your garage, the designer bag you barely used, the gaming console your kids abandoned two years ago—turns out they might be plotting against you.

If you’ve seen chatter about a “new $6,000 deduction” and a mysterious extra schedule, it’s not just internet noise. The IRS created an enhanced deduction...

High earners don't need to overhaul their investment strategy, but should revisit their retirement plan to understand how this rule might reshape their taxes.

The dream of being your own boss has never been more popular, but sometimes that independence comes with a target on your back. As more individuals become self-employed, scammers are refining their tactics. Today, they are exploiting the specific vulnerabilities of freelancers, consultants, and gig workers. From high-tech “phantom” invoices…

There is a specific kind of anxiety that comes with tax season. You gather your receipts, you double-check your W-2s, and you pray you didn’t miss a checkbox that will trigger an audit. Scammers know this. In fact, they rely on it. While we often think of fraud victims as…

In this week's Ask the Editor Q&A, Joy Taylor answers questions on the IRS tax filing season and your 2025 tax return

Like most people these days, I have a side gig. The so-called gig economy is booming, from weekend Instacart runs to late-night Etsy sales. However, tax preparers are warning that there are some mistakes that may trigger an audit from the IRS. If you’re like my wife, being audited is…

Several provisions in the law retroactively affect the 2025 tax year

The IRS deadline is 15 January. Missed payments can lead to penalties and interest—stay on top of your 2025 estimated taxes to avoid extra costs.