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The Latest Breaking News from IRS

The Most Misreported Income Types on Tax Returns, According to Tax Preparers

Tax preparers reveal the income types most often misreported on tax returns and why these mistakes can trigger audits, penalties or delayed refunds.

GOBankingRates

State Tax Refund Delays Warning: Don't File Until You Know If Your State Is Affected

Taxpayers in Idaho, New York, Oregon, South Carolina, and Washington, DC, may face refund delays due to budget cuts, software issues, and federal tax changes.

International Business Times UK

I Asked an Advisor Which Stocks Belong in a Taxable Account — Here’s the Logic

Learn which stocks and funds belong in a taxable brokerage account, and which to avoid, to minimize taxes, from dividends to real estate investment trusts.

GOBankingRates

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

Retirees Beware: 5 Distribution Missteps That Can Shrink Your Refund

Put the following five distribution missteps on your radar, so you don't inadvertently reduce your tax refund.

GOBankingRates

Vinod Khosla thinks future presidential candidates should run on removing income tax for those making less than $100,000

The venture capitalist also wants to get rid of capital gains and treat all income as ordinary income to make up for the deficit.

Fortune

Stella McCartney lets horses steal the show — and makes her point in Paris without saying a word

Ten horses — five black, five white — entered the sand ring first

The Independent UK

IRS’ new CEO dodges questions over why the agency gave taxpayer info to ICE

The IRS broke the law by disclosing confidential taxpayer information ‘approximately 42,695 times’

The Independent UK

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Overpaid the IRS? 7 Situations Where Amending Your Taxes Makes Financial Sense

Many taxpayers assume that once a return is filed, the numbers are locked in forever—but that’s not always true. If you accidentally overpaid the IRS,...

Saving Advice

Record number of Americans are making 401(k) withdrawals to cover immediate expenses — but it comes at a heavy price

Hardship withdrawals from 401(k) accounts have tripled since pre-pandemic

The Independent UK

House Democrats grill IRS chief over data-sharing concerns

Frank Bisignano was pressed on a court ruling that agency broke the law in disclosing and sharing data with Immigration and Customs Enforcement.

Roll Call

Retiring soon? Expert explains how IRAs and 401(k) work

‘The tax advantages associated with IRAs and 401(k)s is what makes them powerful tools when saving for retirement,’ one expert said

The Independent UK

I Asked a CPA About Crypto Gains — Here’s What Counts as a Tax Event

Did you sell, trade or mine cryptocurrency this year? A CPA explains which types of crypto transactions trigger IRS taxes and which moves aren't taxable.

GOBankingRates

Tax Season Checklist Smart Seniors Must Do Now

Tax expert Brian Zink shared an essential tax checklist for seniors: organize income docs, verify RMDs, track medical expenses and more.

GOBankingRates

Interesting Dissent in American Indian Religious Case Under Texas RFRA

From a dissent from rehearing en banc Friday in Perez v. City of San Antonio, by Fifth Circuit Judge Andrew… The post Interesting Dissent in American Indian Religious Case Under Texas RFRA appeared first on Reason.com.

Reason

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I Asked ChatGPT for the Tax Mistakes Self-Filers Make Most Often — and How To Avoid Them

To ensure my taxes are error-free, I asked ChatGPT for the tax mistakes self-filers make most often and how I could avoid them -- here's what it said.

Kiplinger

Don’t Make These 5 Common Mistakes on Your Tax Return

The IRS warns taxpayers to watch out for these common errors as they prepare to file.

Saving Advice

Stop Paying for Tax Prep: The 2026 Free File Options for Seniors

Many seniors are still paying $150–$400 every spring for tax prep they could legally get for free. With the IRS ending its Direct File option,...

GOBankingRates

Bigger Refund, Bigger Risk: The Tax Refund Advance Ads Are Coming Back

Tax refund advance ads are back, promising bigger refunds but hiding fees, interest and risks taxpayers. Here's what you need to know this tax season.

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news in one place.

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Kiplinger

How I Managed Decluttering My Paperwork After Retiring

Or: Why you don't need to keep tax returns from your 20s and 30s.

Kiplinger

How to Find a Tax Preparer: What to Look for in a Tax Professional

You want to find a tax preparer who's qualified, reasonable and knowledgeable to file your taxes. How do you get a tax professional that's right for you?

Saving Advice

The $6,000 ‘Senior Bonus’ Most Retirees Are Missing on Their 2026 Taxes—Are You Eligible?

Tax season is rarely a cause for celebration, but for millions of Americans aged 65 and older, the 2026 filing season holds a massive surprise....

GOBankingRates

3 of the Most Common Questions Tax Experts Get About Tax Software

Experts answer some common tax software questions. Find out more about safety, credits and deductions, and when businesses should use these filing tools.

Saving Advice

How to Give Your Grandkids $19,000 This Year Without Alerting the IRS or Losing Your Own Savings

Many grandparents want to help their grandchildren financially, but there can be tax implications that come along with that. Not to mention, draining your own...

International Business Times UK

Could Iran Close Hormuz? Experts Say It Is Not That Simple

Explore the geopolitical significance of the Strait of Hormuz and the complexities surrounding potential disruptions.

International Business Times UK

If You're Over 65, These 3 Hidden Tax Benefits Could Put Thousands Back in Your Pocket

Learn about the new tax deductions and opportunities for seniors, including the expanded standard deduction and the One Big Beautiful Bill Act.

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