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The Latest Breaking News from IRS

US Treasury Department ends contracts with Booz Allen Hamilton after Trump tax leak

The U.S. Treasury Department has cut contracts with Booz Allen Hamilton after a former contractor leaked tax information about wealthy individuals, including Donald Trump

The Independent UK

Larger tax refunds predicted for millions as new IRS rules come into effect

Big changes this year include new deduction for seniors

The Independent UK

The IRS Reporting Threshold Change That Just Created a Tax Risk for Millions in 2026

If you’ve ever sold a vintage jacket on an app, picked up extra cash doing freelance work, or split dinner with friends via Venmo, you might have heard rumblings about a tax reporting change that could have snared millions of everyday Americans into unexpected IRS reporting paperwork in 2026.

The Free Financial Advisor

From analysis to the latest developments in health,
read the most diverse news in one place.

DWP Offering Up to £775 in Extra Payments Before April — Are You Eligible?

Households on benefits could receive up to £775 before April through four DWP schemes. Check eligibility and how to claim.

International Business Times UK

5 Medicare Enrollment Errors That Reduce Coverage

Signing up for Medicare feels like it should be a milestone to celebrate, but for many new retirees, it is a minefield of irreversible decisions....

Saving Advice

5 Red Flags That A Phone Call Is A Scam

Your phone rings. The voice on the other end sounds official. Maybe it’s the IRS, your bank, or even a grandchild in trouble. But something feels off. In today’s world, phone scams are more sophisticated than ever, and falling for one can cost you thousands. That being said, being aware…

Clever Dude

6 Money Hacks To Make Doing Your 2025 Taxes Easier

If the thought of filing taxes is stressing you out, try not to fret. Here are six top tips to make doing your taxes easier, while saving a bit of money.

GOBankingRates

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The Retirement Red Flag No One Talks About

Many retirees miss this crucial warning sign that can and threaten long-term retirement plans.

GOBankingRates

10 Tax Breaks You Should NEVER Take if You Have an LLC

The rise of the “side hustle” economy has led to a record number of Americans forming Limited Liability Companies (LLCs) in 2026. Social media “finance...

Saving Advice

401(k) Limit Hits $24,500 in 2026 — 3 Moves to Make Before Your Next Paycheck

A higher cap sounds like a nice headline until you realize it changes what your next paystub looks like. In 2026, the IRS raised the...

Saving Advice

The Zero Trust Mindset: Why You Should Verify Every Official Call from the IRS

Your phone rings, and the caller ID clearly says ‘Internal Revenue Service.’ The voice on the other end is professional, authoritative, and perhaps a little bit intimidating. They mention a discrepancy in your 2023 filing and warn that legal action is imminent if you do not resolve it immediately.

Budget and the Bees

The Jan 26 Tax Opening: Why Filing Your Return This Monday Changes Everything

The holiday decorations are barely put away, and yet the most stressful season of the year is already knocking on your door. Tax season officially kicks off this Monday, January 26, and the IRS is already bracing for the impact.

Budget and the Bees

Ask the Tax Editor, January 23: Questions on Residential Rental Property

In this week's Ask the Editor Q&A, Joy Taylor answers questions on reporting income and loss from residential rental property.

Kiplinger

5 Tax Deductions Seniors Should Stop Claiming Immediately to Avoid the 2026 IRS Crackdown

As the 2026 tax filing season approaches, many seniors are operating on “autopilot,” planning to claim the same deductions they have used for the last...

Saving Advice

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GOBankingRates

IRS: Here’s How You Can Save Up To $10K on Your 2026 Taxes

Keep reading to find out who qualifies and how to claim the deduction.

Budget and the Bees

IRS Update: The $600 Payment Rule is Officially Delayed (What It Means for Venmo Users)

Selling old clothes on Poshmark or splitting dinner bills on Venmo recently caused unnecessary panic. Many feared the “$600 Rule” and the wave of tax paperwork it would bring. Fortunately, the IRS announced another delay for the 2026 tax season. The reporting threshold will rise to $2,000 instead of the…

International Business Times UK

An IRS Rule Change Could Lower Tax Bills for Up to One Million Filers

A late-stage IRS clarification and new tax relief measures could result in lower tax bills and increased refunds for up to one million filers in 2026.

The Independent UK

Experts explain why the president’s plans for the housing market may let you down

Experts are skeptical that the president’s plan for improving the housing market will have lasting benefits

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news in one place.

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Kiplinger

12 Tax Strategies Every Self-Employed Worker Needs in 2026

Navigating the seas of self-employment can be rough. We've got answers to common questions so you can have smoother sailing.

The Independent UK

IRS boss announces huge shake-up on eve of 2026 tax season

Gary Shapley, the whistleblower who testified publicly about investigations into Hunter Biden’s taxes, was named deputy chief of the Criminal Investigation division

GOBankingRates

6 Benefits To Filing Taxes Early for Retirees

Even in retirement, many types of income remain taxable, making timely filing essential for financial security.

Saving Advice

The Erroneous 1099-K: Why Seniors are Receiving IRS Forms for Under $20,000 and the 3-Step “Zero Out” Rule

If you opened your mailbox this week to find an IRS Form 1099-K from Venmo, PayPal, or CashApp for a few thousand dollars, your first...

Saving Advice

The Doorjamb Test: Check Your VIN Today for the New $10,000 Car Loan Interest Refund

If you bought a new car in 2025 or are planning a purchase this winter, you might be sitting on a tax goldmine without even...

Saving Advice

The “Itemizer Trap”: Why Seniors with Under $40,000 in State Taxes are Switching to the New ‘OBBBA Standard’

For nearly a decade, the “SALT cap” was the bane of retirees living in high-tax states like New York, New Jersey, and California. Capped at...

Saving Advice

The 1098-Auto Alert: Why Your Car Lender is Required to Send This New Tax Form by January 31st

If you’ve been checking your mailbox for your usual W-2s and 1099s, keep an eye out for a newcomer this January: Form 1098-Auto (officially appearing...

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