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The Latest Breaking News from IRS

Student Loans Forgiven Are Now Taxable In 2026 — Set Money Aside for Tax Bills

For years, student loan forgiveness felt like a financial fairy tale — the kind where your debt disappears and everyone rides into the sunset with zero consequences. But starting in 2026, that dream comes with a plot twist that could hit your wallet hard. If your student loans are forgiven…

The Free Financial Advisor

Three affordable states where you can retire comfortably on Social Security

The average monthly Social Security payment for a retired worker was $2,071 in January 2026

The Independent UK

What Seniors Should Reevaluate Before Mid-Year Costs Set In

We are approaching the halfway mark of 2026. For many retirees, January’s budget was set with optimism, but by June, the reality of “variable expenses”...

Saving Advice

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Why Your 401(k) Catch-Up Contribution Just Got More Expensive for 2026

If you’re over 50 and you’ve been leaning on your 401(k) catch-up contribution to speed up retirement savings, 2026 may feel like a gut punch even if the dollar limit goes up. The issue isn’t that the IRS suddenly reduced how much you can save. It’s that a rule change…

Dinks Finance

I’m a Tax Professional: 5 Reasons People File Their Taxes at the Last Minute

Americans often procrastinate tax filing due to stress, missing documents, complex returns or money concerns. Penalties, delays & lost tax refunds can result.

GOBankingRates

Dow Jones stock market hits new record and crosses 50,000 points for the first time

It took approximately a year and a half for the Dow to increase from 40,000 to 50,000

The Independent UK

4 Tax Filing Errors That Are Triggering Extra Reviews This Year

In the past, filing taxes was a predictable ritual: mail in the return or e-file it, and wait 21 days for the refund. In 2026,...

Saving Advice

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Your tax return this year might be late because of an understaffed IRS

Delays in processing tax returns can be especially perilous for low-income households.

Fortune

Six Flags upgrades Gold Pass benefits that will offer massive savings for its parks

The membership benefit upgrades come as Six Flags parks struggle with attendance

The Independent UK

Tax refund delays: Why yours might be late this year

The Internal Revenue Service has lost around 27 percent of its workforce since January 2025

The Independent UK

The Quiet Ways Inflation Changes Your Tax Outcome

These are the quiet ways inflation can change your tax outcome and what you can do about it.

GOBankingRates

Here’s What Happens If You File Your Taxes Wrong in 2026 — and How To Fix It

Filed your taxes wrong in 2026? Learn what types of mistakes could trigger delays, penalties or audits. Also discover how you can fix the errors fast.

GOBankingRates

Four reasons hiring an accountant makes tax season easier - and more profitable

‘A good tax professional helps reduce avoidable mistakes, asks the right follow-up questions, and makes sure the return is consistent and well-documented,’ one expert said

The Independent UK

6 Little-Known Triggers for Complex Tax Planning You Must Know Before You File

A single life event like an inheritance or home sale can complicate your tax situation. Some of these tax triggers may change what you owe if you don't act.

GOBankingRates

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Kiplinger

Ask the Editor, February 6: Questions on Federal Income Tax Deductions

In this week's Ask the Editor Q&A, Joy Taylor answers questions on federal income tax deductions

Thousandaire

The 2026 Tax Law Change That Could Cost You Thousands — Unless You Do This Now

For the last eight years, tax season was deceptively simple for most Americans. Thanks to the 2017 Tax Cuts and Jobs Act (TCJA), the Standard Deduction was so high, nearly $30,000 for couples, that 90% of taxpayers stopped tracking receipts. You didn’t need to log your charitable donations, medical bills,…

We Got This Covered

In a wild twist, Donald Trump says he’s fine with his employees footing the bill for his $10 billion lawsuit—as long as it goes somewhere else

This conflict of interest has a conflict of interest.

Kiplinger

New Gambling Tax Rule Impacts Super Bowl 2026 Bets

When Super Bowl LX hype fades, some fans may be surprised to learn that sports betting tax rules have shifted.

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Everybody Loves Your Money

9 Reasons Your Refund Gets Delayed Even When You Filed Correctly

You triple-checked your numbers, used reputable tax software, filed on time, hit “submit,” and confidently waited for that sweet refund to hit your bank account. And then… nothing.

Saving Advice

7 Tax Thresholds That Hit Seniors Harder After Age 62

When you are younger, the main goal of tax planning is simply to lower your taxable income. After age 62, the game changes completely. The...

GOBankingRates

4 Tax Moves You Can Still Make in Your 60s That Matter

Here are tax strategies you can still make that matter and why they can have a huge impact.

Saving Advice

6 Social Security Triggers That Reduce Benefits Without a Formal Notice

Most people expect Social Security to change only when they get an official letter, but the first clue is often smaller: a deposit that’s lower...

Saving Advice

5 Tax Filing Triggers That Are Slowing Refunds for Seniors This Year

For decades, filing taxes was a predictable ritual: mail in the return or e-file it, and wait 21 days for the check to arrive in...

Saving Advice

The “Fake” $2,000 IRS Payment: Why Viral Social Media Claims of a “February Stimulus” Are Misleading Seniors

If you scroll through Facebook or watch YouTube finance channels, you have almost certainly seen the headline: “New $2,000 Direct Deposit Approved for Seniors in...

The Independent UK

I’m a tax expert: Here’s how I avoid IRS audits every year

A quarter of taxpayers worry about being audited

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