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The Latest Breaking News from IRS

What Happens if You Forget an RMD? The Costly Consequences Explained

The idea of forgetting something important rarely sparks panic—until that “something” comes with a hefty tax penalty attached. Required Minimum Distributions, better known as RMDs, don’t sit quietly in the background. They demand attention, precision, and timing, and the moment someone misses one, the consequences arrive fast and loud. No…

The Free Financial Advisor

What Happens After Your Identity Is Stolen—And Why It’s Harder to Fix Than You Think

Identity theft isn’t just a quick inconvenience—it can turn into a months-long, sometimes years-long battle to reclaim your financial life. Many people assume that once...

Saving Advice

Tax Day Is 9 April, Not 15 April For Paper Filers: This USPS Rule Change Traps Millions

A USPS postmark rule change means US paper tax filers must mail their returns by 9 April 2026, not 15 April, or risk being marked late.

International Business Times UK

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The Costly 401(k) Mistake Retirees Make When Paying IRS Bills And Why It Backfires

There are multiple ways retirees can manage IRS tax notices without depleting their 401(k) savings and falling into higher tax brackets.

International Business Times UK

7 Free Filing Options You May Not Realize Are Available to You (Yes, Even If You Have Side Income)

Quite a few free options are available from the IRS and other organizations. In some cases, you can even file for free with a side income.

GOBankingRates

New IRS Rules Are Live: Which Households Win — and Lose — Most

Here's a look at how these two primary changes will affect taxpayers in 2026.

GOBankingRates

Seniors 65+ Could Claim a $6,000 Tax Break — But Most Don’t Know How It Works

If you’re 65 or older, there’s a new tax break that could quietly save you thousands—but many seniors don’t even realize it exists yet. Starting...

Saving Advice

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H&R Block is betting it can be more than a tax company

H&R Block wants to play a bigger role in Americans’ financial lives.

Fortune

Got Your First Credit Card? 9 Costly Mistakes Most People Don’t Realize Until It’s Too Late

The moment that shiny new credit card lands in hand, it feels like unlocking a level in a game that everyone else already knows how to play. There’s power in that little piece of plastic, but there’s also risk baked into every swipe. One wrong move doesn’t just cost a…

Everybody Loves Your Money

How a Small Mistake on Your Tax Form Can Spiral Into Big Trouble

The moment that tax return gets submitted, a clock starts ticking. Numbers lock into place, records get stored, and suddenly every detail carries weight. A single incorrect digit or missed form does not just sit quietly in a system—it sets off a chain reaction that can grow faster than expected.…

The Free Financial Advisor

What Really Happens If You Miss the 2026 Tax Deadline?

Avoid costly penalties and interest by understanding the consequences of missing the 2026 tax deadline. Learn how IRS enforcement actions can escalate and discover strategies to manage your tax obligations effectively.

International Business Times UK

Why You May Owe the IRS in 2026 — Even If You Never Have Before

More Americans may owe unexpected taxes in 2026. Here’s what’s driving the surprise — and smart steps to take if you can’t pay.

GOBankingRates

Penalty Traps: Everyday Actions That Trigger IRS Fines

The word “penalty” hits like a brick when it shows up next to a dollar sign. Nothing ruins a perfectly normal day faster than discovering that a simple oversight turned into a fine that grows by the minute. Taxes don’t just demand attention once a year—they expect discipline, accuracy, and…

The Free Financial Advisor

Wall Street Giants Join Forces For Trump Accounts App — $1,000 Offer Draws Millions

The US Treasury Department has designated BNY Mellon as the financial agent for Trump accounts. BNY will collaborate with Robinhood to develop a new app for these accounts, slated to launch on 4th July.

International Business Times UK

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GOBankingRates

5 Tax Breaks Stay-at-Home Spouses Can Use To Save the Household Money

Stay-at-home spouses may qualify for valuable tax breaks that lower the family tax bill. Here are five ways households can save more money at tax time.

GOBankingRates

6 Government Funds Grandparents Need To Know About (Especially If You Babysit for Free)

Here are six benefits grandparents should know about.

GOBankingRates

3 Things To Do Right Now If You’re Behind on Your Taxes

Running out of time to file your taxes? Here are three smart steps to take now if you’re behind on your taxes -- including IRS accounts and extensions.

GOBankingRates

If You Make Under $50K, You May Qualify for These IRS Tax Credits

If you earn less than $50,000, you may qualify for a number of IRS tax credits targeting low- and middle-income households.

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news in one place.

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Saving Advice

IRS Rules Explained: When Pets, Beer, and Even Body Oil Can Be Legal Tax Write-Offs

When most people think about tax deductions, they picture things like mortgage interest or charitable donations. They don’t think of pet food, beer, or body...

The Free Financial Advisor

6 Hidden Triggers That Freeze Your Tax Refund – and How To Get it Released

Nothing tests patience quite like a tax refund that simply refuses to show up. One minute, everything looks filed and finished, and the next minute, the refund tracker stalls out like a car stuck in mud. That silence from the system starts to feel suspicious fast, especially when plans already…

Everybody Loves Your Money

Filing Late? Here’s What the IRS Actually Charges After the April Deadline

It hits fast and without mercy: the calendar flips past April, and suddenly the IRS stops being polite and starts getting expensive. No gentle reminders, no grace period wrapped in a bow—just a system that begins stacking penalties the moment a return goes missing. That might sound dramatic, but the…

Clever Dude

IRS Scam Alert: Ask This One Question Before You Pay—Most Callers Can’t Answer It

An unexpected phone call can flip a calm afternoon into a full-blown panic in seconds. The voice on the other end sounds serious, urgent, and just official enough to make anyone pause mid-step. The message lands hard and fast: unpaid taxes, legal trouble, immediate payment required. Suddenly, everything else fades…

GOBankingRates

I Asked ChatGPT How To Maximize My Business Taxes and Save Thousands

I asked ChatGPT a simple question: How can business owners maximize their taxes and save thousands of dollars right now? Here's what it said.

GOBankingRates

What Happens To Your 2025 Taxes If You Retired but Returned to Work?

Going back to work in retirement can mean changes at tax time. Learn how that extra income might alter your obligations and what to expect when you file.

The Conversation

What gig workers and employees who get tips need to know about the new no-tax-on-tips tax break

About 1 in 10 American workers are earning a living as a gig worker. That means they find their customers through Lyft, DoorDash, TaskRabbit and other digital platforms, or do another form of what the IRS and others call “on-demand work.”

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