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The Latest Breaking News from IRS

I'm a Financial Planner: This Is How You Can Get Started With RMDs

The IRS will come knocking for its share of your tax-deferred retirement savings when you hit 73, but planning ahead for RMDs will ensure you're ready.

Kiplinger

Trump team is secretly handing out massive tax breaks to wealthy American corporations: report

The proposed regulations tack on to the tax relief laid out in the president’s ‘One Big Beautiful Bill’ Act

The Independent UK

The Mulligan Rule of Retirement — Seven Mistakes You Can Fix

Use the Mulligan Rule to undo these seven costly retirement errors. While you can’t go back in time, some retirement choices allow for a “correction shot.”

Kiplinger

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'This story is WILD!:' Salesman Says Car Dealers Use Tax Credits to 'Scam' Customers. How Does It Work?

A Utah-based EV dealer has exposed how some dealerships allegedly manipulate federal tax credit rules, drawing outrage from viewers, and revealing questionable practices in the used electric vehicle market.

Motor1

8 States With the Youngest Millionaires

These 8 states are home to the youngest millionaires in the U.S. Find out where wealth is growing fast.

GOBankingRates

5 Inheritance Tricks That Make Your Heirs Love You Forever

A legacy transcends monetary value because it brings emotional comfort and mental serenity while ensuring proper care for your loved ones. The lack of clear inheritance plans leads to family disagreements and misunderstandings. A thoughtful estate plan saves our loved ones from stress and ensures our values live on. Family…

The Free Financial Advisor

9 Medical Expenses You Can Write Off Without a Doctor’s Note

Tax season can be stressful—especially for seniors juggling healthcare costs. But here’s some good news: not all medical deductions require a doctor’s note. The IRS...

Saving Advice

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Average 401(k) Match: Do You Work for a Generous Company?

Here are the average 401(k) match and the top 10 companies by match policy. A generous 401(k) match provides a more secure retirement.

Kiplinger

The IRS Just Made a Move That Could Change How Every Gig Worker Gets Paid

Gig workers around the country just got a major win. The IRS just rolled back one of the most controversial tax rules affecting gig workers. This will change how millions of freelancers, side hustlers, and self-employed individuals get paid. Under the newly signed One Big Beautiful Bill Act, the IRS…

Thousandaire

Ask the Editor, November 7: Deducting Car Loan Interest

In this week's Ask the Editor Q&A, Joy Taylor answers questions on the new tax deduction for paying interest on vehicle loans.

Kiplinger

Are You Missing the Hidden Tax Benefit Spouses Without Dependents Can Claim?

Every year, millions of married couples file their taxes without realizing they might be leaving money on the table. While parents often claim credits tied to children and dependents, couples without kids can still qualify for valuable advantages buried deep within the tax code. One often-overlooked hidden tax benefit can…

Dinks Finance

Catch-Up Contributions for Higher Earners in 457(b) Plans: What You Need to Know

Government 457(b) plans are about to get more complex as new Roth catch-up requirements come into force. Here's how to prepare for the changes.

Kiplinger

New IRS Policy Lets the Agency Take More Than Your Refund — Here’s What’s at Risk

A recent policy shift at the IRS is raising eyebrows—and for good reason. Under updated enforcement guidelines, the agency may now seize more than just...

Saving Advice

Win a free copy of the movie tie-in edition of Andy Weir's 'Project Hail Mary' with our exclusive sweepstakes!

Five lucky winners will be announced Nov. 12 at 4 p.m. EDT (2000 GMT) on Space.com's Facebook, Twitter, and BlueSky pages.

Space

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International Business Times UK

Singapore Approves Mandatory Caning for Scammers — Here's the Full List of Offences Punishable by the Cane

Singapore passes law imposing caning for scammers and syndicate recruiters — six to 24 strokes — as fraud cases surge to 60% of total crime.

Saving Advice

7 Hidden Tax Credits Seniors Miss Every April Because No One Mentions Them

Tax season can be overwhelming—especially for seniors juggling retirement income, medical expenses, and changing financial needs. While many older adults focus on deductions, they often...

Reason

Stealing Innocent People's Tax Returns Isn't Heroic. The IRS Leaker Doesn't Deserve a Do-Over.

Charles Littlejohn exposed hundreds of thousands of Americans’ private tax returns and undermined the nation’s voluntary tax system. His five-year sentence shouldn’t be reduced.

GOBankingRates

7 Legal Tax Shelters To Protect Your Money

There are many ways to reduce your tax burden, but it's important to make sure you aren't illegally evading taxes. Here are seven of the best tax shelters.

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Kiplinger

When to Hire a Tax Pro: The Age Most Americans Switch to a CPA

Taxpayers may outsource their financial stress by a specific age. Find out when you should hire a tax preparer.

Kiplinger

Turn Your Retirement Hobby into Income: The Pros and Cons

Earn extra cash from a retirement hobby or passion project. Here's what you need to know before making a commitment.

Kiplinger

IRS Updates Capital Gains Tax Thresholds for 2026: Here’s What’s New

The IRS has increased the capital gains tax income thresholds for 2026. You'll need this information to help minimize your tax burden.

GOBankingRates

6 Ways Not Having a Will Can Cost Your Heirs Money

Failing to plan can lead to costly consequences for your loved ones, both financially and emotionally.

Tom’s Guide

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Benzinga

Kevin O'Leary Warns Longest Shutdown Will Halt Economy

Billionaire investor and "Shark Tank" star Kevin O'Leary urged both parties to resolve the federal shutdown before it topples key services, warning that a closure matching the longest in U.S. history would send economic shockwaves "from the IRS to TSA."

Saving Advice

Don’t Overpay for Taxes This Year: Here’s How to Find the Best Local Prep Service

Tax season is stressful enough without worrying whether you’re paying too much—or getting too little back. With constantly changing tax laws, deductions, and credits, it’s...

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