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The Latest Breaking News from IRS

7 “Harmless” Tax Deductions That Flag Your Return for Audit

You might think your tax return is airtight. After all, you’re just claiming what’s rightfully yours. But some of the most common tax deductions, even the ones that seem perfectly legitimate, can quietly raise red flags with the IRS. These aren’t shady loopholes or aggressive write-offs; they’re everyday deductions that,…

Clever Dude

The 2026 “No-Kid Tax”: Why Child-Free Couples Are Losing Thousands Under the New IRS Bracket Adjustment

If your household has no dependents and your tax bill feels like it just leveled up, you’re not alone. A lot of people are calling it a “no-kid tax,” but the real story is more boring and more fixable than the headline makes it sound. The pain usually shows up…

Dinks Finance

Internal Revenue Service Update: The Late-January Tax Move That Can Delay Your Refund by Weeks

Filing early sounds like the smartest thing you can do, especially when you’re counting on a refund to kick-start the year. But there’s one tax...

Saving Advice

From analysis to the latest developments in health,
read the most diverse news in one place.

7 Government Rebates That Don’t Require Income Reduction

Many homeowners assume that government rebates are only for low-income households. While some programs are means-tested, the Inflation Reduction Act includes massive incentives for the...

Saving Advice

Local Libraries Are Offering Free Tax Help Again

Tax season brings a wave of anxiety about forms, deductions, and potential audit risks. Hiring a CPA can cost hundreds of dollars that you simply...

Saving Advice

Meet the first CEO of the IRS: A Jamie Dimon protégé facing a $5 trillion test this tax season

Wall Street legend Frank Bisignano has become the most prominent businessperson to dive into government work.

Fortune

6 Free Financial Counseling Programs Retirees Are Using More Often

Retirement is supposed to be a time of relaxation, not acute financial stress. However, inflation and rising healthcare costs are forcing many seniors to make...

Saving Advice

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8 Tax Filing Mistakes That Can Delay Refunds for Weeks

The IRS has opened the gates for the 2026 tax season, and the race for refunds is on. But in your haste to hit “submit,” you might be tripping over simple hurdles that will leave your money stuck in bureaucratic limbo. The IRS uses automated filters to screen returns, and…

Budget and the Bees

Jury in Virginia 'au pair affair' double murder must now decide husband's guilt

Jurors are deliberating on double murder charges against a former IRS law enforcement officer in Virginia accused of plotting with his family’s Brazilian au pair to kill his wife and pin the death on a stranger

The Independent UK

Trump calls ABC News ‘fake’ and ‘the worst,’ clashes with reporter when asked about $10 billion lawsuit

President Trump labeled ABC News 'fake' and 'the worst' while attacking correspondent Karen Travers during an executive order signing. He refused to answer her question about his $10 billion lawsuit against the IRS and Treasury, which alleges a failure to prevent the leak of his tax records.

The Times of India

Trump lashes into female ABC News reporter with new insult when pressed on $10 billion IRS lawsuit

‘You’re a loud person,’ the president sneered on Friday at ABC News’ Karen Travers. ‘Very loud. Let somebody else have a chance.’

The Independent UK

Trump hits out at ‘loud’ female reporter grilling him on IRS lawsuit

Donald Trump admonished a female reporter who asked him why he is suing the Internal Revenue Service (IRS).

The Independent UK

Trump sues his own administration for $10 billion after one former contractor’s actions caused ‘public embarrassment’

The tax returns are still haunting him.

We Got This Covered

First Thing: Democrats agree deal to avoid shutdown but demand DHS bill include reforms to ‘rein in ICE’

Agreement spins off Department of Homeland Security spending bill as Democrats demand changes to immigration enforcement. Plus, US leads global surge in gas-fired power

The Guardian - UK

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Axios

Trump sues IRS, Treasury Department over alleged tax return leaks

Trump says the leaks have caused "reputational and financial harm" and "public embarrassment."

The Independent UK

Trump sues IRS and Treasury Department for $10BN over leak of his tax returns

It is highly unusual for a president to sue their own administration, but Trump has pursued similar tactics in the past

The Independent UK

Where is my tax refund? Here’s why it might be coming later this year

Tax refunds are issued when an individual has paid more tax throughout the year than they ultimately owe, often due to withholding

Budget and the Bees

7 “New” Bank Policies That Quietly Limit How Much You Can Move

You used to move your money with a level of freedom that felt like a fundamental right. You earned it, you deposited it, and whether you wanted to withdraw cash for a car or wire funds for a house, the transaction was simple. In 2026, the landscape has shifted toward…

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news in one place.

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Kiplinger

Don't Overpay the IRS: 6 Tax Mistakes That Could Be Raising Your Bill

Is your income tax bill bigger than expected? Here's how you should prepare for next year.

GOBankingRates

6 Things Crypto Investors Often Forget To Plan for Until Tax Season

Investing in cryptocurrency adds another layer to tax preparation. Smart investors should be planning throughout the year for any tax ramifications related to the sale of crypto investments. But it's...

GOBankingRates

The Tax Breaks You Assume Exist — That Don’t Anymore

Here's a look at some of the most commonly assumed tax breaks that either no longer exist or simply don't work the way people expect any more.

Reason

The Killing of Alex Pretti Is a Reminder That All State Laws Are Backed Up by Violence

If enforcing a law isn't worth killing someone over, it probably shouldn't be a law.

Budget and the Bees

9 Things to Check If Your Benefits Deposit Doesn’t Show Up

You log in to your banking app, expecting to see your deposit. The balance hasn’t moved. The panic sets in immediately. Did the IRS forget you? Did Social Security miss a cycle?

Budget and the Bees

10 Deductions That Sound Safe—But Get Returns Flagged

We all want to pay zero taxes. It is the American dream. But in the age of automated scoring systems, the line between “aggressive tax planning” and “audit trigger” is razor-thin. The IRS’s sophisticated algorithms don’t just look for fraud; they look for anomalies.

Budget and the Bees

7 Times the IRS Can Hold Your Refund Without Telling You Right Away

You filed on time. Then, the “Accepted” notification arrived. You already spent the money in your head. But the date comes and goes, and the mailbox is empty. The scary part? The IRS doesn’t have to call you the day they freeze your refund. In fact, under current IRS procedures,…

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