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The Latest Breaking News from IRS

Carmakers Step in With Incentives as EV Tax Credit Expires

As the federal government ends its EV tax credit, legacy automakers have moved to offer their own incentives to keep EV sales rolling.

MarketBeat

This Stay-At-Home Mom Took Early Withdrawal From Her 401(k) And Doesn't Regret It — 'Why the Hell Are We Stressing?'

The wisdom of financial planning often clashes with the messy reality of life, and for one couple in their early 50s, a strong retirement nest egg and a valuable home aren't enough to quell the severe anxiety of living paycheck to paycheck.

Benzinga

IRS unveils federal income tax brackets for 2026 — how those changes affect you

Tax rate percentages will stay the same thanks to Trump’s One Big Beautiful Bill

The Independent UK

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IRS Crackdown: Surprise Audits Targeting Unsuspecting Retirees

For many Americans, retirement is supposed to be a time of stability and predictability. However, a growing number of retirees are finding themselves unexpectedly dealing...

Saving Advice

IRS releases 2026 tax brackets and higher tax deductions for 2025, 2026 tax years

The Internal Revenue Service on Thursday announced the annual inflation adjustments for more than 60 tax provisions.

Axios

Standard Deduction 2026 Amounts Are Here

What is the standard deduction for your filing status in 2026?

Kiplinger

No Bank Account? Your IRS Refund Could Vanish Into Limbo

Millions of Americans risk losing access to their tax refunds as the IRS moves to phase out paper cheques and require direct deposit or digital payments from September 2025.

International Business Times UK

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The Startup Founder’s Checklist: From Incorporation to IRS Compliance

Starting your own business is one of the most exciting things you’ll ever do. You’ve got your big idea, maybe even your first customer, and you’re ready to change the world!

inkl

Claiming the Standard Deduction? Here Are Five Tax Breaks for Retirement in 2025

If you’re retired and filing taxes, these five tax credits and deductions could provide thousands in relief (if you qualify).

Kiplinger

IRS Warns Of Exploding Social Media Tax Scams — 'These Schemes Are Not Only Misleading But Can Cost Taxpayers Dearly' As $162M In Penalties Pile Up

Social media can be a great place to connect with like-minded people and discover new dinner recipes, but it's not the best place to get your tax advice. In a recent update, the IRS said it’s already assessed more than $162 million in penalties tied to false tax credit claims…

Benzinga

Americans' trust in key federal agencies hits record lows

Many agencies hover at or near their lowest approval ever since Gallup's first poll in 2014.

Axios

Trump news at a glance: a note, a whisper and the first phase of a Gaza ceasefire deal

Trump announces ‘first steps’ to ‘durable peace’; Kristi Noem compares Antifa to MS-13. Key US politics stories from 8 October at a glance

The Guardian - US

IRS tells employees furlough backpay guaranteed, while WH counters in memo

That comes after Axios reported on a White House memo saying workers weren't guaranteed compensation.

Axios

IRS to furlough nearly half its workforce due to government shutdown

Move comes after White House memo suggests workers may not get back pay, despite law Trump signed in first term

The Guardian - US

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Saving Advice

Error in Your Earnings Record Could Slash Benefits Forever

Your Social Security benefits are only as accurate as the record they’re based on—and mistakes in your earnings history can quietly cost you thousands over...

Saving Advice

Multiple Income Streams: Why 65% of the Rich Never Rely on One Paycheck

If you find value in these articles, please share them with your inner circle and encourage them to Sign Up for my Rich Habits Daily Tips/Articles. No...

GOBankingRates

6 Ways the ‘Middle Rich’ Can Slash Their Tax Bills, According to an Accountant

High-income professionals often overpay in taxes. Learn expert-backed strategies to legally reduce your tax bill and keep more of your earnings.

Kiplinger

Another IRS 1099-K Threshold Rule Change to Know for Tax Season

After years of uncertainty and changing requirements, the 1099-K reporting rules are now set, and the thresholds have changed since last year.

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news in one place.

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Kiplinger

IRS 1099-K Threshold for 2025 Taxes Just Changed: What to Know Now

After years of uncertainty and changing requirements, the 1099-K reporting rules for 2025 are now set, and the thresholds have changed since last year.

International Business Times UK

IRS Relief Payment 2025 Explained: How Much You'll Get, Who's Eligible, and What's Actually Real

Find out the truth behind the IRS Relief Payment 2025 — how much you could get, who's eligible, and what's really happening with IRS payments.

Kiplinger

IRS Names Its First CEO: But He’s Also Still Running Social Security

Will this new role make it difficult to address emerging issues like budget and staffing cuts and customer service concerns?

Saving Advice

Why Many Seniors Underestimate Their Tax Bills After Retirement

Many retirees expect lower taxes once they stop working—but that assumption often backfires. Retirement income isn’t as tax-free as people think. Social Security, pensions, withdrawals,...

Kiplinger

You're High-Net-Worth: Should Your Retirement Savings Be in a Swiss Bank?

Swiss banks have long been a haven for the wealthy. Here's how to safeguard your retirement account in a Swiss bank — and whether you should.

Kiplinger

What the Government Shutdown Means to Retirees

Depending upon how long it lasts, a government shutdown can impact your daily life, including seeing family, managing your health, and enjoying your free time.

Axios

Social Security chief to be IRS CEO

Treasury Secretary Scott Bessent will remain acting commissioner.

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