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The Latest Breaking News from IRS

Tax Tips: How to Use Your Side Hustle to Write Off Car Fees

Working as a rideshare driver for such companies as Lyft or Uber can be a great way to earn extra cash as a side hustle. In addition to making your own hours (and quick bucks), being a rideshare driver also comes with an extra benefit that’s easy to overlook: tax…

GOBankingRates

6 IRS Letters You Should Never Ignore—Some Can Trigger Penalties or Immediate Action

There’s nothing casual about a letter from the IRS. Some envelopes carry routine updates, sure, but others arrive with the kind of urgency that can shift finances fast and leave zero room for procrastination. These notices don’t whisper—they signal action, deadlines, and consequences that only grow louder when ignored. Every…

Everybody Loves Your Money

The IRS Is Sending More “Math Error” Notices — Why You Could Owe Without Realizing It

A letter from the IRS doesn’t need flashing red lights to feel urgent, and lately, more of those letters arrive stamped with a deceptively simple phrase: “math error.” That label sounds harmless, almost like a quick fix, but it often carries a financial sting that catches people off guard. The…

The Free Financial Advisor

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I Asked ChatGPT What To Do If You’re Expecting a Smaller Tax Refund in 2026 — Here’s What It Said

With ever-changing tax laws, I decided to ask ChatGPT what to do if you're expecting a smaller-than-normal tax refund.

GOBankingRates

Post office set to add 8% surcharge on packages in first-ever fuel fee

While new for USPS, fuel surcharges are common in shipping, with FedEx and UPS recently raising fees as Middle East tensions drive up oil prices

The Independent UK

Oregon’s Kicker Check 2026: Why Some Residents May Wait—and What Could Delay Your Rebate

Oregon does not do boring tax seasons. While most states quietly process refunds and move on, Oregon drops a financial plot twist that grabs attention every single time. The kicker rebate returns with serious energy in 2026, promising hefty checks for eligible residents and stirring up plenty of questions along…

Everybody Loves Your Money

7 Financial Transactions That Could Be Reported Without You Realizing It

We all know that money moves faster than gossip, and some of your financial transactions might already be under the microscope without you even knowing. Every swipe, transfer, and deposit has the potential to catch the attention of regulators, banks, or the IRS. Most people think only massive transfers ring…

The Free Financial Advisor

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Here’s What To Do If You Can’t Pay Your Tax Bill, According to an Expert

Owe taxes this year and can’t pay? One expert explains IRS payment plans, hardship options and mistakes to avoid if you’re stuck with a tax bill this year.

GOBankingRates

Refunds Are Being Delayed Over New IRS Identity Flags — Why More Returns Are Getting Pulled

The clock starts ticking the moment a tax return gets filed, and for millions of people, that ticking feels louder than ever this year. Refunds that usually show up like clockwork now stall without warning, leaving bank accounts in limbo and patience wearing thin. The culprit does not come down…

The Free Financial Advisor

All That Glitters Is Usually Taxable: Gold and Silver Tax Rules

Profits from selling physical gold and silver, and even some precious metal funds, are taxed differently from other investments.

Kiplinger

Americans spend $146 billion and 11.6 billion hours doing their taxes, and most of it is just filling out paperwork

There are more than 10,000 forms you have to sort through to file your taxes, and the fear of going to jail over a mistake has never been higher.

Fortune

Republican Sen. Rick Scott sues Booz Allen Hamilton over leaked tax returns

Scott's tax returns were leaked by an IRS contractor working through the firm.

Axios

7 Common Deductions That Are Getting More Scrutiny From the IRS

Ever get the feeling the IRS is watching every move you make? Turns out, they kind of are—especially when it comes to certain tax deductions. Those numbers that looked harmless on your form last year could now be under a microscope, and the stakes aren’t just a late-night panic—they’re real…

The Free Financial Advisor

If You Make Under $200K, These 3 Tax Credits Could Apply To You This Year

Here's a look at three of the most valuable credits you should take a look at before you file your taxes in 2026.

GOBankingRates

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GOBankingRates

Middle-Class Workers: 4 IRS Rules That Help You Keep More Money

Taxes are one of the biggest expenses for middle-class workers, but the IRS actually offers a few rules and breaks that can help you keep more of your money.

Kiplinger

Think You're Too Busy to Do an Estate Plan? In 3 Hours (Seriously), You Could Save Your Heirs Months (or Years) of Stress and Heartache

The cost of delaying estate planning is far greater than the time it takes to get the ball rolling. The remedy is easier (and takes less time) than you think.

GOBankingRates

3 Tax Mistakes Boomers Are Most Likely To Make — and How To Avoid Them

Before submitting your tax returns, make sure you're aware of these common tax errors that can cost you money or potentially get you in trouble with the IRS.

Saving Advice

Maryland Small Businesses: The New $20,000 IRS Rule Won’t Protect You from the State’s $600 Annual Fee

Small business owners in Maryland may have been looking forward to a bit of a tax break this year. The IRS reinstated the 1099-K reporting...

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The Free Financial Advisor

The IRS Is Flagging More Returns This Year—And One Detail Keeps Triggering Reviews

A tax return can move smoothly from submission to refund, or it can hit a wall that stops everything cold. This year, that wall shows up more often, and one specific detail keeps setting it off. The IRS has increased scrutiny in key areas, and that shift has changed how…

Everybody Loves Your Money

The IRS Credit Many Families Miss Every Year

A tax credit sits in the system right now that can put thousands of dollars back into a household budget, yet millions never claim it. Not because it hides behind complicated loopholes or requires expert-level knowledge, but because people either assume they do not qualify or never take the time…

GOBankingRates

I’m a CPA: Here’s What Happens if You Underpay Estimated Taxes

GOBankingRates spoke with a CPA and tax attorney about what happens when estimated taxes go unpaid and how the costs can escalate.

The Free Financial Advisor

Is Quality Furniture Officially a Scam? Why Filling a New Home in 2026 is Destroying Senior Nest Eggs

Every year, seniors step into the new-home market with dreams of creating a space that feels both elegant and cozy. The problem? The furniture industry has quietly morphed into a high-stakes game where price tags suggest durability, but reality tells a different story. In 2026, filling a house with “quality”…

The Free Financial Advisor

Is it Too Late at 45? How to Use the Mega Backdoor Roth to Dump Tens of Thousands into Retirement in One Year

Retirement planning doesn’t have to feel like a distant dream slipping further away with every passing birthday. Hitting 45 often sparks the panic of lost time, but here’s the truth: one powerful strategy can accelerate retirement savings faster than most traditional methods. The Mega Backdoor Roth gives high‑income earners a…

GOBankingRates

3 More of the Most Bizarre Tax Fraud Cases the IRS Has Ever Heard

From fake children to an arson case, these bizarre tax fraud cases show the wildest schemes the IRS has uncovered.

Kiplinger

4 Smart Ways to Use Your Tax Return for Financial Planning

Don't just file your tax return and forget about it. Reviewing it will reveal how financial decisions have played out, and how to make better ones in future.

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