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The Latest Breaking News from IRS

Revealed: US veterans affairs to share immigration data about non-citizen workers with ‘appropriate agencies’

Exclusive: The move prompts fears the data will be sent to ICE to further the Trump administration’s immigration crackdown

The Guardian - US

Elizabeth Warren Has A Prophecy About The 2026 Tax Season, Says Demise Of Direct File Means 'Huge Profits' For Some And Americans Getting Ripped Off

Sen. Elizabeth Warren (D-Mass.) on Tuesday blasted expected price hikes from tax-prep giants TurboTax and HR Block, blaming Trump administration policies that killed the IRS's free Direct File system and layered on new Republican tax breaks that make filing more complicated for millions of Americans.

Benzinga

IRS OnlyFans Crackdown: Yoga and Cooking Channels at Risk of 'Porn' Label, Accountants Warn

Federal regulators ban 'pornographic activity' from tax-free tips but provide no definition, leaving yoga instructors, chefs, and creators vulnerable to IRS audits.

International Business Times UK

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7 IRS Rule Changes Affecting Retiree Withholding Early in the Year

Taxes are a reality for retirees, even those living on fixed incomes. Withholding rules determine how much money is taken out of Social Security, pensions,...

Saving Advice

4 Moves Retirees Need To Make Now To Prepare for 2026 Tax Rules

Tax law changes every now and again, so it's good to keep abreast of the new updates that might affect your life. Even if you're retired, some recent changes to income tax brackets and tax deductions...

GOBankingRates

5 Financial To-Dos Before the End of 2025

Set yourself up for success as the year winds down

The Independent UK

IRS agents will be required to watch OnlyFans to determine if content fits ‘no tax on tips’ criteria

Campaigners have claimed that defining what pornography actually is could be too difficult to determine whether OnlyFans creators should be exempted from the ‘no tax on tips’ law

The Independent UK

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The Hidden Tax Trap That Turns Your $10,000 Side Hustle Into a $4,000 Surprise Bill

Picture this: you’ve finally cracked the code. Your freelance gig, whether it’s designing logos, editing podcasts, or ghostwriting blog posts, pulls in a cool $10,000 this year. You’re high‑fiving yourself, imagining new gear, maybe a vacation, or just the sweet relief of not living invoice to invoice. Then tax season…

Thousandaire

The One Crypto Change That’s Making Small Investors the IRS’s New Favorite Target

Crypto once felt like the Wild West, with anonymous wallets, digital freedom, and no middlemen in sight. For years, small investors rode the wave, dabbling in Bitcoin or Ethereum and even flipping NFTs, all under the quiet assumption that the IRS wasn’t watching too closely. That illusion has now collapsed,…

Thousandaire

How Are I Bonds Taxed? 8 Common Situations to Know

Series I U.S. savings bonds are a popular investment, but the federal income tax consequences are anything but straightforward.

Kiplinger

After Eliminating 25% Of Its Staff, The IRS Is Turning To AI Agents. 'It Would Be Negligence' Not To Use AI Tools

The IRS laid off or lost a quarter of its workforce between January and May, dropping from 103,000 to around 77,000 employees, according to the October Treasury Inspector General for Tax Administration report. Now, it’s turning to artificial intelligence to help fill the gaps.

Benzinga

Did Your Employer Just Change Your Matching Contribution to Roth?

Many workers recently discovered that their employer’s matching contributions are no longer going into traditional pre-tax accounts but instead into Roth accounts. This change may...

Saving Advice

New 2026 Tax Change Could Mean More for Your IRA and 401(k) Savings

Here's how the new IRS inflation adjustments will increase the contribution limits for your 401(k) and IRA in the new year.

Kiplinger

$2,000 Stimulus Check: Why Trump's Proposed Payment Is 'Highly Unlikely' To Arrive Before 2026

Here's why President Trump's tariff dividend is 'highly unlikely' to arrive before 2026. Experts detail the $300 billion funding gap and warn against fraud.

International Business Times UK

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Kiplinger

Should You Max Out Your 401(k)? We've Got Answers

Conventional wisdom says, 'Contribute the maximum to a traditional 401(k) if you can.' But there are hidden downsides to putting all your eggs in one basket.

Kiplinger

Show of Hands: Who Hates Taxes? The Best Time to Plan for Them Is Right Now

By creating a tax plan, you can keep more of what you've earned and give less to Uncle Sam. Here's how you can follow the rules and pay only your fair share.

GOBankingRates

2 Tax Rules That Could Cut Profits When You Rent Your House

If you choose to rent out your home for extra income, build equity and have someone else pay your mortgage, you might be in for a surprise in terms of taxation.

Saving Advice

Urgent Action: Protect Your Heirs from the Coming Estate Tax Battle

Estate taxes—often called the “death tax”—have long been a contentious issue in American politics. For seniors, the debate is more than theoretical. Proposed changes to...

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news in one place.

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Kiplinger

I'm a Financial Planner: Here's How to Make the Most of Your Charitable Giving on a Budget

Maximizing the charitable donations you plan to make this year can help your financial plan stay on track and help give the most to the causes you care about.

Saving Advice

5 Retirement Account Withdrawal Tactics to Slash Your Tax Bill

Retirement accounts are designed to provide financial security, but withdrawals can trigger significant tax bills. Seniors who saved diligently may be surprised to see large...

International Business Times UK

IRS Explains How US Workers Can Claim Trump's Tips, Overtime Deductions For 2025 Tax Year With Actual Use Cases

The IRS has issued guidance on how millions of US workers can claim deductions on cash tips and overtime income for the 2025 tax year, with actual use cases provided.

Saving Advice

Retirement Accounts Facing Quiet Threats From New Banking Rules

Most savers assume their retirement accounts are safe, quietly growing until the day they need them. But new federal banking and tax regulations are reshaping...

International Business Times UK

IRS Sues GOP Senator Jim Justice Over Millions In Unpaid Taxes

US tax authorities are suing Senator Jim Justice in a sweeping civil case claiming more than £4 million ($5.16 million) in unpaid federal income taxes dating back to 2009.

International Business Times UK

Tori Spelling's Shocking Debt: Actress Owes $1.3 Million to the IRS and the California Franchise Tax Board

Divorce filings reveal Tori Spelling's staggering debt. She and Dean McDermott face a $1.7M tax bill to the IRS and state, exposing her turbulent financial past and uncertain future.

Beating Broke

Cyber Monday Crash Course: How One Online Shopping Habit Can Turn a Hustle Into a Headache

Cyber Monday is a goldmine for savvy shoppers, and a launchpad for thousands of side hustles. From flipping discounted electronics to reselling limited-edition sneakers, many people use the day’s deals to stock up and sell for profit. But what starts as a smart move can quickly spiral into a logistical…

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