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The Latest Breaking News from IRS

7 Money-Saving Benefits Older Americans Are Missing Without Realizing They Qualify for Them

Millions of older Americans are stretching every dollar right now, but many are unknowingly leaving valuable financial assistance on the table. Rising grocery costs, higher...

Saving Advice

Bipartisan group of ex-federal judges challenges Trump’s $1.8bn ‘anti-weaponization’ fund

Lawsuit says settlement fund was ‘fraud on the court’ that would funnel taxpayer dollars to Trump allies

The Guardian - US

IRS CP53E Letters Could Change Following Taxpayer Backlash

Millions of taxpayers received confusing IRS refund letters this year. Could improvements be on the way?

Kiplinger

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read the most diverse news in one place.

Tax Season May Be Over, But Many Seniors Are Still Getting Hit With Surprise Bills They Didn’t See Coming

For many retirees, tax season feels like it should end the moment the return is filed and the refund check arrives. Unfortunately, that is not...

Saving Advice

Protecting Your Noncitizen Spouse: The IRS Strategy for Cross-Border Couples

Noncitizens don't get the unlimited marital deduction. Learn how the QDOT bridges this gap to defer estate taxes and protect your family's legacy.

Kiplinger

Bipartisan Group of Ex-Judges Moves to Reopen Trump IRS Case, Claim 'The Court Was Deceived'

The former judges argue that Trump and the federal government failed to disclose a settlement agreement when they moved to voluntarily dismiss the case earlier this month

Latin Times

Michigan Drivers Say One Everyday Expense Is Eating More of the Budget Than Gasoline

Fuel prices often grab headlines, but many Michigan drivers now point to a different cost that drains their wallets even faster. Monthly transportation budgets no longer revolve around gas alone, and the shift surprises many households. Rising expenses tied to vehicle ownership have reshaped what it means to “afford” a…

The Free Financial Advisor

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Nineteen states have conformed to the One Big Beautiful Bill Act’s No Tax on Tips deduction

Welcome to the Thursday, May 28, 2026, Brew.

Ballotpedia

Donald Trump just got bashed by the one outlet we thought would always have his back

Et tu?

We Got This Covered

Trump’s beloved hometown paper shreds him over $1.8B ‘anti-weaponization’ fund and his and sons’ stock deals: ‘Looks terrible’

‘None of it is a good look, however legal or aboveboard it may in fact be,’ the editorial board wrote

The Independent UK

The ‘Math Error’ Wave: Why More Taxpayers Are Receiving IRS ‘Correction’ Letters in 2026

Opening your mailbox and seeing an IRS notice can feel like your stomach just dropped. In 2026, more taxpayers are reporting unexpected IRS correction letters tied to “math errors,” refund adjustments, or return mismatches. In many cases, these notices are not full audits, but they can still affect refunds, balances…

Budget and the Bees

The Hidden Tax Problem Facing People Who Sell Their Homes Too Quickly

The housing market moves fast, and many homeowners feel tempted to cash in the second prices climb. A quick sale can look like an easy financial win, especially after watching home values jump over the last few years. Some sellers picture a massive payday with zero downside beyond moving boxes…

Everybody Loves Your Money

Refunds Are Being Delayed Over One Missing IRS Verification Step

Tax season often brings one major expectation: a refund landing in the bank account without complications. But this year, a growing number of taxpayers face frustrating delays tied to one overlooked IRS verification step. The issue does not always stem from math errors or missing forms. Instead, the IRS now…

The Free Financial Advisor

Got $5 Million Saved for Retirement? Here Are the Huge RMDs the IRS Makes You Take at Ages 73, 75, 80 and 85

If you have $5 million saved for retirement, your RMDs will change every year. Find out exactly how much you must withdraw at ages 73, 75, 80 and 85.

Kiplinger

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Reason

Even Republicans Are Rebelling at Trump's Blatantly Corrupt 'Anti-Weaponization Fund'

Using taxpayer money to reward the president’s allies has nothing to do with the president's claims against the IRS.

Kiplinger

Trump's No-IRS-Audit Deal Raises a Big Question: Who is the Tax Agency Still Auditing?

President Donald Trump’s unprecedented settlement with the IRS comes as staffing and budget cuts raise questions about who the agency still audits and why.

The Independent UK

Joe Rogan mocks Trump’s DOJ for blocking IRS audits of president and his family: ‘That is so crazy’

Rogan was reacting to part of the settlement reached through the DOJ for a $10 billion lawsuit that Trump filed against the IRS

Saving Advice

7 Scams Draining Retirement Savings Right Now — Including the New ‘Social Security Verification’ Scheme

Scammers are becoming more aggressive, more convincing, and far more technologically sophisticated, and retirees are increasingly in their crosshairs. Older Americans often have accumulated savings,...

Get all your
news in one place.

100's of premium titles.
One news app.

Reason

The DOJ's Flimsy Legal Theories To Support Trump's 'Anti-Weaponization Fund'

Despite the administration's arguments, a multibillion-dollar settlement fund with no judicial oversight is fairly unprecedented.

The Economic Times

401(k) to gold IRA rollover 2026: Why investors are shifting retirement savings into physical gold protection?

Retirement investors are rapidly searching for 401(k) to gold IRA rollover strategies as economic uncertainty grows across the United States. Rising inflation, volatile stock markets, and global tensions are reshaping retirement planning in 2026. Many Americans now want physical gold IRA protection instead of relying only on traditional 401(k) investments.…

Saving Advice

Beyond the BBQ: Memorial Day Is Also a Reminder to Claim the New $6,000 Senior Tax Deduction Before Summer

For many retirees, Memorial Day marks the unofficial start of summer, filled with cookouts, family gatherings, and travel plans. However, this holiday weekend is also...

The Free Financial Advisor

IRS Won’t Automatically Reissue Paper Checks for Rejected Direct Deposits—You Must Update Bank Info

Tax season brings relief for millions of Americans, but a simple banking error can turn that excitement into frustration fast. When a direct deposit fails, many taxpayers assume a paper check will automatically arrive as a backup. That assumption can lead to long delays, missed money, and a confusing waiting…

The Free Financial Advisor

The New Banking Trend That Could Make Paper Checks Harder to Use

Paper checks are quietly losing their grip on everyday financial life as banks roll out faster, more digital-friendly systems. A major shift in banking technology now pushes money through real-time networks that process payments in seconds instead of days.

Salon

Trump's big beautiful income tax dodge

The president's settlement with the Justice Department means he could never face IRS audits again

Kiplinger

Projected 2027 IRMAA Brackets and Surcharges for Medicare Part B and D

Will you owe the Medicare IRMAA surcharge in 2027? Grab your 2025 tax return and check the projected brackets and surcharges for next year.

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