The Latest Breaking News from IRS

Are you a parent? The so-called ‘One Big Beautiful Bill’ (OBBB) impacts several key tax incentives that can affect your family this year and beyond.

There’s a powerful pull behind the word “free.” It feels like a gift, a reward, or a lucky break, especially for seniors trying to stretch...

He rescued it from peeling-paint hell, restored it after the headstock snapped off, but was never fully happy with the psychedelic Gibson. Then a fan offered a happily-ever-after solution

If you're a cryptocurrency investor, you might soon hear from Uncle Sam in the form of an IRS letter detailing your tax obligations. Read Next: 13 Cheap Cryptocurrencies With the Highest Potential...

Churches and other houses of worship can endorse political candidates without risking the loss of their tax-exempt status, the Internal Revenue Service said in a legal document the tax-collection agency filed on July 7, 2025. This guidance is at odds with a law Congress passed more than 70 years ago…

Which EVs qualify for the federal tax credit? When is the program ending? All your burning questions, answered.

A business owner's estate plan should protect the company and its employees as well as the entrepreneur's heirs. These three documents are critical.

The idea of a private, impenetrable bank account is comforting. However, this is ultimately a false assumption. The reality of who can access your money is far more complex. A surprising number of people and entities can legally access your funds, often without your direct permission. These situations aren’t based…

Tax season can be stressful, and everyone wants to save money wherever possible. But some people cross the line by claiming tax write-offs that aren’t allowed. The IRS is cracking down on these illegal deductions, and getting caught can result in significant fines or even criminal charges. Knowing which write-offs…