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The Latest Breaking News from IRS

8 Unique Angles for Maximizing Your Solo 401(k) Contributions

If you’re self-employed or run a small business with no full-time employees, a solo 401(k) can be a powerful tool for retirement savings. The ability to contribute both as an employee and employer opens the door to much higher annual limits. But just hitting the basics might mean you’re leaving…

The Free Financial Advisor

Don’t Touch Your IRA Before Reading About These 5 Costly Withdrawal Penalties

Your IRA is meant to be a powerful tool for your retirement, but making the wrong move with withdrawals can cost you big time. Too many people dip into their IRA without realizing the penalties that can eat away at their savings. The rules around early withdrawals, taxes, and required…

The Free Financial Advisor

Could the IRS Punish Couples Who Choose to Stay Child-Free?

Across the United States, more people are choosing to remain child-free—and that decision may come with unexpected financial consequences. While the IRS doesn’t explicitly penalize those who opt out of parenthood, the tax code heavily rewards families with dependents through credits and deductions. For child-free couples, that can feel like…

Dinks Finance

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Trump team preparing to install ‘allies’ at the IRS to target ‘major Democratic donors’ including George Soros: report

The administration is seeking to ‘weaken the involvement of IRS lawyers in criminal investigations,’ according to a report

The Independent UK

Trump Administration Reportedly Plans Major IRS Shake-Up That Would Make It Easier To Target Democratic Donors

The Trump administration is reportedly gearing up to broaden the scope of Internal Revenue Service (IRS) investigations, potentially targeting left-leaning groups and major Democratic donors.

Benzinga

7 Common Payroll or Tax Errors Seniors Make and How to Fix Them

Taxes don’t get simpler after retirement—they just change shape. Between pensions, Social Security, part-time income, and required withdrawals, even small missteps can create major headaches....

Saving Advice

“No Tax On Overtime” In Action: Will Your 2025 Tax Return Deliver A Big Boost?

"No Tax on Overtime" In Action: Will your 2025 tax return deliver a big boost? See if the beautiful bill act gives you an overtime pay tax break!

Bored Panda

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5 Overlooked Tax Credits That Even Accountants Miss

Every year, millions of taxpayers lose money they didn’t realize they were entitled to—often because of overlooked tax credits hiding in plain sight. Even seasoned accountants can miss opportunities when clients’ financial situations are complex or slightly outside the norm. The truth is, tax law changes frequently, and some credits…

Dinks Finance

IRS Updates 2026 Tax Deduction for People Age 65 and Older

Adjustments to the extra standard deduction can impact the tax bills of millions of older adults. Here are some new amounts to know for 2026.

Kiplinger

IRS Reveals New 2026 Child Tax Credit and other Family Credit Amounts

Key family tax breaks are higher for 2026, including the Earned Income Tax Credit and the Adoption Credit. Here's what they're worth.

Kiplinger

Michael Jackson's $778M Fortune Likely to 'Evaporate Amid Pending Sex Lawsuit and Scandals

Michael Jackson's estate faces mounting legal, tax, and internal disputes—potentially eroding the late singer's vast fortune and putting his heirs on edge.

International Business Times UK

New Yorkers targeted in fake 'inflation' text campaign - here's how to stay safe

You don't need to share your banking details to get the refund - it goes out automatically.

TechRadar

6 Hidden Costs of Homeownership That Blindside First-Time Buyers

Buying your first home feels like crossing a finish line. You’ve saved, planned, and finally signed the papers—but once you move in, the reality of ownership can hit hard. Many new buyers quickly discover that the monthly mortgage payment is just the beginning. From unexpected repairs to overlooked fees, the…

The Free Financial Advisor

Trump has shaken America’s faith in most government agencies since his return to White House, polls show

While certain agencies that Trump has targeted have fallen out of public favor, others have seen their approval ratings rise in line with the administration’s policies

The Independent UK

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International Business Times UK

IRS Warns Americans After Fake 'October Stimulus Checks' Go Viral on Social Media

Fake IRS direct deposit stimulus check scams are spreading online, tricking Americans with false payment promises, officials and fact-checkers warn.

The Free Financial Advisor

The 401(k) Withdrawal Mistake That Triggers Massive Tax Penalties

It’s tempting to view your 401(k) as a financial safety net during tough times, but tapping into it too early can turn into a costly regret. Many Americans make a 401(k) withdrawal mistake without realizing how severe the tax consequences can be until it’s too late. Between early withdrawal penalties,…

The Free Financial Advisor

Why an Enormous Tax Refund Is Actually a Bad Sign for Your Finances

Every spring, millions of Americans eagerly await their tax refunds. For some, receiving a big check from the IRS feels like a financial windfall. It’s common to hear people brag about getting thousands back at tax time, treating it as a reward for a year of hard work. But is…

Kiplinger

Will Taxes Shred Your 401(k) or IRA During Your Retirement? It's Very Likely

Conventional wisdom dictates that you save in a 401(k) now and pay taxes later, but turning that rule on its head could leave you far better off. A financial planner explains why.

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news in one place.

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The Independent UK

First Republican governor comes out against Trump’s deployment of National Guard

‘We believe in the federalist system — that’s states’ rights,’ Oklahoma’s Gov. Kevin Stitt told The New York Times

International Business Times UK

Priscilla Presley Shock: Actress Under Fire After 'Hiding' $25M Jewellery From IRS — 'Was It Worth It?'

Priscilla Presley is sued by former business partners over allegations of hiding $25 million in jewellery from the IRS — Presley strongly denies all claims.

The Independent UK

Priscilla Presley accused of hiding $25 million worth of jewelry from IRS in lawsuit

Ex-wife of Elvis Presley has been locked in a bitter legal battle with her former business partners

Fortune

New 2026 tax brackets are here: What higher thresholds and a bigger standard deduction mean for paychecks and the top 1%

The IRS finalized 2026 brackets and standard deductions—shifting thresholds upward under the One Big Beautiful Bill and easing bracket creep for most filers, while the 37% top rate still applies at higher incomes.

International Business Times

Everything We Know About The New IRS 2026 Federal Income Tax Brackets

The Internal Revenue Service announced changes to over 60 tax provisions that are expected to save Americans more money for the tax year 2026.

International Business Times UK

IRS 2026 Federal Income Tax Brackets Announced: Standard Deduction Raised, New Relief for Seniors

The Internal Revenue Service announced changes to over 60 tax provisions that are expected to save Americans more money for the tax year 2026.

Thousandaire

What’s the Real Reason Your Pay Stub Shows Less Than You Expect?

If your paycheck feels smaller lately, you’re not alone. Workers are noticing lower take-home pay even when salaries haven’t changed. Between tax adjustments, benefit deductions, and new contribution limits, pay stubs are more complicated than ever. Employers rarely explain each line clearly, leaving many guessing where their money goes. Here’s…

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