The Latest Breaking News from IRS

Filing 2025 Taxes? Here’s How Gemini Can Help

From checklists to common deductions, Gemini can help with tax research and planning -- but it's good to double-check that information with a professional.

GOBankingRates · Mar 29

I Asked ChatGPT If There Are Good Tax Breaks for Lower-Income Americans: Here’s What It Said

From the Earned Income Tax Credit to the Child Tax Credit, see key tax breaks low-income filers can use in 2026 to boost refunds or lower their tax bill.

GOBankingRates · Mar 29

6 “Harmless” Financial Moves That Could Trigger IRS Attention

Ever wonder how an everyday financial habit could suddenly have Uncle Sam knocking on your door? You might think depositing cash, claiming a minor deduction, or juggling accounts is completely innocent, but the IRS has a keen eye for patterns it doesn’t like. Even perfectly legal moves can raise red…

Everybody Loves Your Money · Mar 28

I Asked ChatGPT If I Can Get the Same Tax Deductions as the Rich — Here’s What It Said

Here's what ChatGPT had to say on whether the average American can get the same tax deductions as the rich.

GOBankingRates · Mar 28

Refunds Are Being Frozen Over Missing Bank Details — And Some Filers Won’t Get Paid for Weeks

Imagine this: you’ve filed your taxes, you’re expecting that sweet refund you’ve been dreaming about, and then… crickets. No deposit, no email, no update — just silence. It turns out that one tiny step many people skip (or mess up) — putting correct bank account details on their tax return…

The Free Financial Advisor · Mar 27

Hidden IRS Rule: Embryo Adoption Qualifies for the Full Federal Adoption Tax Credit

Adoption is expensive—often costing families tens of thousands of dollars before a child even comes home. That’s why the federal adoption tax credit exists: to...

Saving Advice · Mar 27

5 Warning Signs Someone Is Using Your Social Security Number

When it comes to identity theft, damage builds quietly, often hiding in plain sight while accounts shift, numbers change, and red flags stack up. One small clue can signal something much bigger, and ignoring that clue can turn a manageable issue into a full-blown financial nightmare. The reality feels uncomfortable,…

The Free Financial Advisor · Mar 27

I Asked ChatGPT When Is the Best Time for Retirees To Take RMDs — Here’s What It Said

Many retirees put off thinking about their required minimum distributions (RMDs), but you really should figure out the best time sooner than later.

GOBankingRates · Mar 27

Ask the Editor, March 27: Questions on the Tax Filing Season

In this week's Ask the Editor Q&A, Joy Taylor answers questions on the IRS and how the 2026 tax filing season is going so far.

Kiplinger · Mar 27

The IRS Medical Pool Deduction: How a Doctor’s Note Can Turn a Swimming Pool Into a Tax Write‑Off

As the summer approaches and things start to heat up, many people are looking at having pools installed or getting theirs up and running before...

Saving Advice · Mar 26