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The Latest Breaking News from IRS

Why a Tax Refund Can Be Smaller Than Expected Without Being ‘Taken’

A smaller tax refund does not always mean someone grabbed your money or made a mistake. Sometimes changes in income, withholding, credits, or tax rules can shift the final number before your refund reaches your bank account.

The Free Financial Advisor

What to Know About Estate-Document Gaps That Can Complicate a Home Transfer

A house often represents years of memories, hard work, and financial decisions, but transferring that home after a loved one passes can become surprisingly complicated when estate documents leave behind unanswered questions. A missing will, outdated paperwork, or a deed that does not match the family’s expectations can turn a…

Everybody Loves Your Money

Cornyn reaches deal to scrap DOJ anti-weaponization fund, ending Blanche standoff

Cornyn said he will vote to advance Todd Blanche’s nomination after the acting attorney general formally rescinded the fund and clarified the scope of a tax audit shield for President Trump and his circle.

The Texas Tribune

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Can You Actually Get Paid to Care for an Aging Parent?

Learn how to tap Medicaid or other programs for income in this week's Wealth Wise advice column. You may be able to balance caregiving with your career.

Kiplinger

Todd Blanche Says 'Good Faith Discussions' Led to Termination of Trump's $1.8 Billion Fund Ahead of Senate Vote

Acting Attorney General Todd Blanche formally rescinded President Donald Trump’s $1.8 billion "anti-weaponization" fund on Sunday after negotiations with Republican senators whose opposition had jeopardized his nomination ahead of Tuesday’s Senate Judiciary Committee vote.

Benzinga

Todd Blanche has agreed to put in writing that Trump ‘weaponization fund’ is dead, holdout GOP senator says

The statement all but guarantees that Blanche will be confirmed as attorney general this week

The Independent UK

The 7 RMD Tax Traps Waiting for You in Your 70s — and How to Start Disarming Them in Your 60s

RMDs can have a serious knock-on effect on your finances in retirement. The key is knowing what's at stake and taking action way before the IRS comes calling.

Kiplinger

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The 40-Year Retirement Rule: How to Prepare Your Taxes for a Longer Life

The 30-year retirement rule is outdated. Is your tax strategy ready for what comes next?

Kiplinger

Ages 60 to 63: How the New Catch-Up Contribution Rules Change Retirement Saving

Retirement planning sometimes feels like a race where the finish line keeps moving. For workers ages 60 to 63, new 2026 catch-up contribution rules create a bigger lane for saving during those important final working years. The change gives eligible employees a chance to put more money into certain workplace…

The Free Financial Advisor

Capital One bank cites money-laundering probe to justify closing Trump Organization accounts

Capital One Financial on Friday defended its decision to close more than 300 Trump-affiliated bank accounts back in 2021, stating that it did so after a money-laundering review. The ‌disclosure marks the first time a bank has formally tied money-laundering concerns to US President Donald Trump's family business.

France 24

Trump Rejects DOJ's Findings, Kelly Warns Democrats, Warren Backs Trump on Debt Ceiling and More: This Week in Politics

As the week winds down, here’s a quick look at the top political stories that made headlines.

Benzinga

Trump vows to push $1.8bn slush fund as Senate committee set to reconsider AG nomination

After declaring ‘anti-weaponization’ fund ‘dead’, Trump reverses and says he’ll revive it despite Senate opposition

The Guardian - US

A Practical Guide to IRS Notice Mistakes That Can Turn a Small Tax Issue Into a Bigger Bill

A letter from the IRS can instantly make a calm afternoon feel like a tax-season jump scare. Many people see an IRS notice and assume the worst, but a notice often starts a conversation about a tax account issue rather than announcing disaster. The real trouble begins when small mistakes,…

The Free Financial Advisor

MAGA education charity may be a scam

Nick Adams has brought in millions in donations. Much of that money goes to him

Salon

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Benzinga

Trump Fights Back After Judge Calls His $10 Billion IRS Lawsuit 'Bad Faith'— Mourns Loss of Scrapped $1.776 Billion Fund: 'There Are a Lot of People...'

On Friday, President Donald Trump appealed a federal judge’s finding that his $10 billion IRS lawsuit was filed in bad faith, while expressing disappointment that the controversial $1.776 billion "lawfare" fund tied to the proposed settlement had been scrapped.

The Independent UK

Gavin Newsom reveals four years’ worth of taxes as he moves closer to possible run in 2028

The outgoing Democratic governor of California says he’ll decide on a White House bid after November’s midterm elections

Reason

Trump Re-Ups the Anti-Weaponization Fund, Reinforcing the Demand That Todd Blanche Kill It for Good

The president is still pushing the idea of using taxpayer money to reward Capitol rioters, contradicting the attorney general nominee's assurance that it won't happen.

The Independent UK

Trump tells Americans ‘you’re not going to get anybody better’ than Todd Blanche for AG. Here’s what he really means

ANALYSIS: The ‘slush fund’ may be dead but Trump isn’t killing or even narrowing his IRS immunity deal brokered by the man he wants running the DOJ, Alex Woodward writes

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International Business Times

How to Roll Over Your IRA to Gold Without Penalty

Learn how to roll over an IRA or 401(k) into a gold IRA without penalties, including IRS rules, approved gold, rollover steps, and common mistakes.

The Independent UK

Trump ignored warnings and betrayed a Texas Republican. That personal vendetta could cost him the Senate

ANALYSIS: Trump’s decision to throw John Cornyn and Thom Tillis under the bus might cost him for the remainder of his presidency, Eric Garcia writes. Worse, he refuses to learn from the mistake

Kiplinger

Ask the Tax Editor, July 31: Questions on Income Tax Credits

In this week's Ask the Editor Q&A, Joy Taylor explains the difference between refundable and nonrefundable tax credits and answers more questions from readers.

The Guardian - US

Trump defends $1.8bn slush fund that is holding up Todd Blanche confirmation

President calls for former personal defense lawyer to be ‘immediately approved’ as attorney general

International Business Times UK

August 2026 Stimulus Check Update: IRS Debunks $2,000 Tariff Refund Direct Deposit Rumours

The IRS has confirmed there is no new August 2026 stimulus check on the way, despite viral claims of a $2,000 'tariff refund' tied to Donald Trump's proposals.

Saving Advice

Free Tax Counseling Programs for Seniors Are Already Preparing for the Next Filing Season

Most people don’t think about taxes until January, but the volunteers who help millions of older Americans file for free are already preparing for next...

The Guardian - US

Trump’s tax immunity scheme hoists president by his own petard on Blanche AG nomination

Republican senators sought written limits on settlement, but president held firm despite risk to attorney general pick

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