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The Latest Breaking News from IRS

5 Tax-Smart Ways the Wealthy Rebalance Their Investment Portfolios

Tax season prompts portfolio rebalancing. Learn how wealthy investors limit their capital gains taxes while adjusting allocations for long-term returns.

GOBankingRates

US and Israel Strikes Iran: How Middle East Tension Could Raise Fuel Prices

The recent military actions by the US and Israel against Iran have caused significant ripples in global oil markets, with potential impacts on fuel prices worldwide.

International Business Times UK

Average 2026 US Tax Refunds up 10%, but 1 in 5 Filers Miss This Tax Credit Worth Thousands of Dollars

The majority of US tax filers fail to claim the earned income tax credit or the additional child tax credit due to complex eligibility criteria.

International Business Times UK

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The Social Security ‘Tax Torpedo’ is Hitting Georgia Seniors Hard—How to Shield Your Benefits

When you start collecting Social Security, you might not realize it will impact how much you owe in taxes. After decades of paying into the...

Saving Advice

The Side Gig Threshold Where Taxes Start To Matter More

Experts explained when side income becomes taxable, how it's treated differently than wages and which rules can help prevent surprise bills and penalties.

GOBankingRates

As IRS Refunds Rise, ChatGPT Offers the Smartest Uses for a $3,000 Tax Refund

IRS data shows average tax refunds rising for the 2025 tax season. ChatGPT advised using your refund for debt, an emergency fund or investing. Here's how.

GOBankingRates

Missed Your RMD? 4 Ways to Avoid Doing That Again (and Skip the IRS Penalties), From a Financial Planner

If you miss your RMDs, you could face a hefty fine. Here are four ways to stay on top of your payments — and on the right side of the IRS.

Kiplinger

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IRS Changes for Seniors: What’s Actually New on the 1040‑SR for 2026

The IRS has not added new lines to Form 1040‑SR, but seniors do have something genuinely new to work with this year: a significantly larger deduction created by recent legislation.

The Free Financial Advisor

This Retirement Withdrawal Rule Is Confusing Even Longtime Savers

Most of us spend decades contributing to a retirement fund. However, what many people don’t realize is that once you hit retirement age, there are so...

Saving Advice

IRS Refunds Are Up 14.2% So Far: What Filers Should Do With the Extra Cash

Here's a look at what filers should keep in mind regarding these larger tax refunds and what they could do with the extra cash.

GOBankingRates

I’m an Accountant: The Biggest Tax Misunderstanding I See Among the Middle Class

Many middle-class households believe they have a solid grasp on how their taxes work, especially if they've been filing for years without a problem.

GOBankingRates

Trump Accounts Arrive July 4 — What You Need to Know

Many details about how Trump Accounts will operate remain open questions.

GOBankingRates

6 Ways To Get Money Back From the IRS Using Tax Credits — According to a Tax Pro

Getting a tax refund often feels like luck, but it usually comes down to knowing which tax credits you qualify for and claiming them correctly.

GOBankingRates

I Asked ChatGPT Whether Filing an Extension Is a Bad Idea — Here’s What It Said

Tax season is in full swing, and the pressure is on to get federal returns filed by April 15. For some, however, that deadline is challenging.

GOBankingRates

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The Independent UK

Treasury Department terminates union contracts for IRS and Bureau of the Fiscal Service workers

The Treasury Department says it has ended its collective bargaining agreement with unionized workers employed at the Internal Revenue Service

Saving Advice

8 Programs That Reject Applications Unless You Enroll Online First

More government agencies, financial institutions, and essential service providers are quietly shifting to online enrollment as the first—and sometimes only—step before they’ll accept an application....

Saving Advice

6 Everyday Accounts That Now Lock You Out Without Digital Login Verification

A growing number of everyday accounts now require digital login verification, and the shift is catching millions of Americans off guard. What used to be...

The Independent UK

IRS broke the law ‘approximately 42,695’ times after sharing confidential data with ICE, judge says

Trump administration’s data-sharing agreement violated rules to protect taxpayer info, according to judge

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Kiplinger

8 Boring Habits That Will Make You Rich in Retirement

These mundane activities won't make you the life of the party, but they will set you up for a rich retirement. Discover the 8 boring habits that build real wealth.

GOBankingRates

5 Completely Legal Ways To Reduce Taxes That Don’t Require Itemizing

Learn five legal ways to reduce taxes without itemizing, using credits adjustments, and smart IRS‑approved strategies anyone can use.

GOBankingRates

Here’s How Long You Should Keep Tax Records If You Own a Home

Homeowners can learn how long to keep tax records, which documents to save, and when it’s safe to discard them under IRS guidelines.

International Business Times UK

7 Low-Risk Investments That Could Safeguard Your Retirement Wealth

Explore seven low-risk investment options that provide stability and growth for retirement planning, including US Treasuries, high-yield savings accounts, and more.

International Business Times UK

$100K Paycheck Reality Check: The US Cities Where Your Money Actually Lasts

A ConsumerAffairs study shows how far a $100,000 salary stretches across the 100 largest US cities, with Texas and Midwestern metros leading and coastal cities ranking lowest.

GOBankingRates

I Asked ChatGPT How Early I Should File My Taxes: Here’s What It Recommended

ChatGPT provided some tips on when to file taxes early, when to wait and how refunds, complex finances and IRS deadlines can affect your filing strategy.

Budget and the Bees

Refund Transcript Watch: What IRS Code 846 Really Means (And Why Your Deposit Still Hasn’t Hit)

You have been refreshing the Where’s My Refund? tool for days, hoping for movement. Nothing happens. Then you finally pull your tax transcript and see the magic number. IRS Code 846 is the one code every taxpayer waits for during the season. It is supposed to mean your refund has…

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