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The Latest Breaking News from IRS

Do US Expats Need to File Taxes? Here's What the IRS Requires

For many Americans living abroad, the question of whether they need to file US taxes can be confusing. Unlike most other countries, the United States taxes its citizens based on citizenship rather than residency.

inkl

US politics briefing: Trump administration warns Kyiv and picks up court win in mass firings case

From the Trump administration’s latest moves abroad and in the US – here are the key US politics stories from Thursday at a glance

The Guardian - US

DOGE Dividend Cheques May Give Americans $5000 Each: What Is It And How Do You Qualify For It

Americans could use DOGE dividend cheques to clear debt, grow their emergency funds, and invest in long-term goals like retirement, which could have an overall deflationary effect on the US economy.

International Business Times UK

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IRS layoffs could hurt revenue collection and foil efforts to go after rich tax dodgers, experts say

Experts say the layoffs of roughly 7,000 IRS probationary workers likely mean the end of the agency’s plans to go after high-wealth tax dodgers and could spell disaster for revenue collections

The Independent UK

IRS Workers Describe Chaos Amid Mass Firings

IRS employees face chaos and emotional distress after mass firings, raising concerns about tax refund delays.

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It’s time for Americans to withhold their taxes

The point is not to deprive the government of funds. It’s to expose the regime’s criminality

The Guardian - US

This Country Just Launched the World's First XRP ETF—and It's Not the US

Ripple XRP prices surged to £2.14 as Brazil beat the US to officially approve the launch of the Hashdex Nasdaq XRP Index Fund on the B3 stock exchange.

International Business Times UK

IRS To Begin Laying Off Thousands Amid Peak Tax Season – How It Impacts Your 2025 Tax Refund

IRS employs around 100,000 people in total, and the layoffs will hit several states, including New York, California, Georgia, and Tennessee.

International Business Times

IRS plans to lay off 7,000 probationary workers beginning Thursday, AP source says

The IRS plans to lay off roughly 7,000 workers in Washington and around the country beginning Thursday

The Independent UK

IRS firing 6,700 staff in Trump and Musk’s DOGE purge weeks before deadline to file taxes

The layoffs will impact more than one-third of probationary employees during tax season

The Independent UK

IRS Layoffs Amid Trump's Federal Workforce Reduction Could Delay 2025 Tax Refund Schedule

Donald Trump could terminate almost 16,000 recently hired IRS employees next week, in the middle of the tax season, as part of the broader federal downsizing spearheaded by Elon Musk.

International Business Times UK

A comprehensive look at DOGE's firings and layoffs so far

Thousands of federal government employees have been shown the door in the first month of President Donald Trump’s administration

The Independent UK

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Kiplinger

Rethinking Income When You Retire: No Paycheck, No Problem

When you retire, you'll need to adjust to the reality of depending on assets instead of a regular paycheck. For that, you'll need a new financial strategy.

Fortune

IRS update on tax season 2025 shows average refunds are 18% bigger so far, but Americans are waiting longer to file their taxes

The IRS’s update on the progress of tax season this year so far shows that average tax refund amounts are up 18.6% versus the same time last year, total filings down slightly to date.

The Independent UK

Scammers are sending texts about a $1,400 stimulus check. What to know

Text appears as a message from the IRS asking people to click on a phishing link and provide personal information

Kiplinger

Can a Gold IRA Counter Sticky Inflation for Retirement?

Gold is soaring. Here's how to add a gold IRA or ETF to your portfolio in order to hedge against inflation and volatility. But retirees should tread carefully.

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Kiplinger

Why You May Owe More Tax Soon on Popular Employee Benefits

Workers could foot the tax bill for employer-provided benefits like parking, gyms, and meals.

Kiplinger

Elon Musk, DOGE Target IRS Tax Records: Is Your Personal Data at Risk?

Some wonder whether Elon Musk and other private citizens should have access to confidential taxpayer information.

Kiplinger

Mail Theft Crisis: Why Your IRS Tax Refund Is At Risk

Millions of dollars in tax refunds were stolen in the mail last year. Here's what you should know.

Fortune

Still working from home? No, you can’t deduct home office expenses from your taxes. But freelancers and the self-employed still get the deduction.

Small-business owners and freelancers who work at home can still itemize tax deductions for expenses like rent, mortgage interest, utilities, and more for their home office.

Fortune

Can you pay your taxes with a credit card? It’s possible, but the extra convenience comes with steep costs

Sure, the IRS allows Americans to pay their taxes with a credit card or a debit card. But the extra convenience comes with steep costs.

Fortune

Republicans in Congress want to kill two education tax credits worth billions to U.S. students. If you’re a college student, it could impact you.

The GOP leadership in the House has proposed eliminating two education tax credits to save the government $85 billion over 10 years. Here’s what’s at stake.

Al Jazeera

Elon Musk’s DOGE seeks access to US taxpayers’ data, sparking privacy fears

Democratic lawmakers express concern that Tesla CEO is seeking to weaponise the tax system against his rivals.

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