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The Latest Breaking News from IRS

How Much You’d Take Home Making $250K a Year If Trump Eliminates Income Taxes

President Donald Trump has proposed the elimination of the federal income tax. But what would that mean for your take-home pay if you make $250,000.

GOBankingRates

A privacy breach at the IRS: Taxpayer data wrongly shared with DHS, court filing says

The IRS has erroneously shared the taxpayer information of thousands of people with the Department of Homeland Security, according to a new court filing

The Independent UK

How Mexican cartels employ drones as tools to smuggle drugs and fight enemies

The temporary closure of airspace over El Paso, Texas has caused unease south of the U.S. border and put the spotlight on the use of drones by Mexican cartels

The Independent UK

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The “Check Fraud” Spike: 8 Ways Seniors Get Drained After Mailing One Bill

The simple act of mailing a check to pay a utility bill has become one of the most dangerous financial behaviors for seniors in 2026....

Saving Advice

Five reasons hiring an accountant could save you money on taxes

Tax season is in full swing, and the Internal Revenue Service estimates that U.S. taxpayers will file around 164 million individual federal returns.

The Independent UK

IRS 1099-K Rules in 2026: Who Must Report Payments This Year

The IRS has been adjusting the 1099-K reporting rules for years, and 2026 was shaping up to be the moment when everything changed. After delays, phased rollouts, and more confusion than anyone asked for, this was the year when millions of Americans were going to make major tax changes. Whether…

The Free Financial Advisor

New Retirement Limits in 2026: Strategies To Max Out Even on a Middle-Class Income

Find out how a middle-class worker with five-figure pay can max out a five-figure retirement fund.

GOBankingRates

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IRS Direct Deposit Alert: Why Your Bank Info Could Trigger an Automatic Refund Freeze

You’ve done the hard work and filed your taxes early. Now, you are already mentally spending that refund check. But then weeks go by, and the “Where’s My Refund” portal shows a mysterious delay. For thousands of taxpayers, the culprit is not a mistake on the return. Instead, a subtle…

Budget and the Bees

The “Withholding Reset”: Why Some Seniors Should Update Their W-4 to Stop IRS Over-Withholding in February

February is the month when many retirees open their first full pension or annuity checks of the year, only to find the net amount is...

Saving Advice

How To Adjust Your W-4 To Lower Your Tax Refund Next Year

If you'd rather have extra cash in your monthly paycheck to crush debt or invest, it's time to stop overpaying Uncle Sam and take control of your Form W-4.

GOBankingRates

The $1,000 “Trump Account” Pilot: Who Qualifies and How Families Can Claim the Benefit

If you’ve seen headlines about a $1,000 government-funded account for kids and wondered if it’s real, it is—and the details matter. The new Trump Account...

Saving Advice

Filing 2025 Taxes? Here’s the Social Security Threshold To Watch For in 2026

Experts explained the importance of understanding how Social Security is taxed and how to stay ahead of income changes, even in retirement.

GOBankingRates

I’m a Tax Preparer: No. 1 Filing Mistake I See That Wipes Out Refunds

GOBankingRates consulted a tax accountant to learn about the filing mistake that could cost people their refunds and reduce their 2026 refunds.

GOBankingRates

The “IRS Agent” Phone Call That Is Actually a Phishing Scam

Unfortunately, the so-called “IRS agent” phone call scam has become one of the most persistent and psychologically clever fraud tactics in circulation, not because it’s sophisticated technology, but because it exploits something deeply human: fear, authority, and the instinct to react before thinking. This scam doesn’t rely on flashy hacking…

Clever Dude

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Saving Advice

“Refund Offset” Reality: 6 Debts That Can Take Your Tax Refund Without Warning

Nothing ruins a “finally, we can breathe” moment like checking your bank account and realizing your refund is smaller than expected—or missing completely. A refund...

Budget and the Bees

The PATH Act Calendar: The Exact Day Your Refund Will Likely Hit Your Bank

Waiting for a tax refund is a special kind of torture. You check the app every morning and see the same processing message. If you claimed specific credits, you are stuck in the PATH Act waiting room. This isn’t just government slow walking. It is a mandatory hold designed to…

Dinks Finance

The $2,200 Discrepancy: How the New Child Tax Credit Leaves DINK Couples Behind in 2026

If you filed taxes this season and felt like the system was handing out a quiet bonus to families while you got a polite shrug, you’re not imagining things. For many couples, the difference isn’t a few dollars—it’s a very real gap that can change how fast one household builds…

GOBankingRates

What Income Puts You in the Top 10% of Earners in 2026?

Here's a look at a couple of ways to measure "the top 10%" using the most recent official nationwide data available as of January 2026.

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news in one place.

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GOBankingRates

4 AI-Generated Tax Errors To Keep an Eye Out for — and How Much They Could Cost You

Here are four potential errors to watch for and what they could end up costing.

Kiplinger

7 Bad Tax Habits to Kick Right Now

Ditch these seven common habits to sidestep IRS red flags for a smoother, faster 2026 income tax filing.

Kiplinger

The New Plan to End Surprise Taxes on Social Security 'Back Pay'

Taxes on Social Security benefits are stirring debate again, as recent changes could affect how some retirees file their returns this tax season.

GOBankingRates

Here’s the Minimum Income You Need To File Taxes in 2026 — by Age

Some United States taxpayers may not be aware that they are actually not necessitated by law to file taxes, although doing so is typically considered a wise idea for lower-income earners (you could...

Clever Dude

The “Identity Theft” Risk That Peaks Between February and April

There’s a strange, almost predictable rhythm to the year: the holiday rush, the January reset, and then—right on cue—the season when identity thieves seem to wake up from hibernation with the energy of someone who’s had three too many espressos.

Clever Dude

The “Tax Prep” Software Fees You Can Legally Avoid

Tax season is stressful. Around 46% of Americans say that filing their taxes is the most stressful financial event of the year. And 55% of Gen Z say filing is the most stressful part of “adulting.” On top of that, you start filing your return, thinking that you won’t have…

The Independent UK

Struggling with debt? Money experts recommend these consolidation strategies

‘The right plan should be based on the stability of the borrower's income, how quickly they need to pay off the debt and whether they need budget flexibility,’ one expert said

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