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The Latest Breaking News from IRS

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.

Kiplinger

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.

Fortune

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

The Independent UK

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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.

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.

Kiplinger

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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.

Fortune

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.

Al Jazeera

Elon Musk’s DOGE is seeking access to IRS system with sensitive taxpayer records, triggering lawmakers’ concerns

DOGE team member is a 25-year-old software engineer who could be working at the IRS for 120 days

The Independent UK

DOGE Agency Seeks Access To IRS Taxpayer Data

Trump administration's efforts to cut federal workforce and access sensitive data spark legal battles and concerns over conflicts of interest.

Top News

Elon Musk's Department Seeks Access To Taxpayers' Sensitive Data

Elon Musk's Department of Government Efficiency seeks access to sensitive taxpayer data from the IRS during the 2024 tax filing season.

Fortune

Elon Musk's DOGE team wants access to the tax information of every American

Elon Musk’s DOGE team is seeking access to sensitive taxpayer data held by the IRS. A 25-year-old staffer is reportedly set to gain access to it.

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The Guardian - UK

Trump administration begins firings of FAA air traffic control staff just weeks after fatal Washington DC plane crash - as it happened

Staff at the Federal Aviation Administration receive emails saying they have been fired, upending rotas during period of busy air travel

International Business Times UK

Was Beast Games Winner Ripped Off By 'Only' Getting Half Of The Total Prize? MrBeast Responds

Beast Games' £7.94M prize shrinks to about £3.97M after taxes, sparking debate and prompting a response from MrBeast.

International Business Times

IRS Staffer Carrying Out 'DOGE Mission' Expected To Seek Access To Sensitive Taxpayer Data

An IRS staffer with ties to Elon Musk's DOGE is expected to seek access to the agency's IDRS, a system that holds some very sensitive taxpayer information such as data on taxpayers' authorized representatives and information on pending adoptions.

Latin Times

Federal Worker Fired Under DOGE Purge: 'We're Under Attack by Billionaires'

In a sweeping wave of layoffs, thousands of federal workers, including employees at the Consumer Financial Protection Bureau (CFPB), Department of Education and Department of Veterans Affairs, have been abruptly terminated.

Kiplinger

Ten IRS Audit Red Flags for Retirees in 2025

Retirees who think they can escape the IRS audit machine should think again.

International Business Times

Thousands Of Probationary Employees Fired As Trump Administration Directs For Widespread Layoffs

Probationary employees across several federal health agencies were notified of their termination through identical letters.

The Independent UK

IRS will lay off thousands of probationary workers in the middle of tax season

The IRS will lay off thousands of probationary workers in the middle of tax season, according to two sources familiar with the agency’s plans, and cuts could come as soon as next week

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