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The Latest Breaking News from IRS

Tax Diversification: Smart Ways to Preserve Your Nest Egg

A long and active retirement may be costly — and may even bump you into a higher tax bracket. Paying some taxes on your savings now could be the answer.

Kiplinger

IRS braces for $500bn drop in revenue as taxpayers skip filings in wake of DOGE cuts at agency

Individuals were ‘wagering that auditors will not examine their accounts’ amid DOGE’s plans to downsize the IRS by nearly 20 percent ahead of tax filing season

The Independent UK

Fired by Elon Musk’s DOGE, then reinstated by a judge, thousands of federal workers are living in limbo

“It’s beyond demoralizing."

Fortune

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Short Circuit: A Roundup of Recent Federal Court Decisions

Corner crossing, prison typewriting, and an interview with Webster Bivens.

Reason

The IRS may owe you over $3,000 this year. Here’s how you can use it to build long-term wealth

The average tax refund is over $3,300 this year, according to the IRS—but financial experts say that means you are giving the government a free short-term loan.

Fortune

Trump Administration Confirms 'Ongoing Talks' to Share Immigrant Tax Data with ICE

A U.S. District Judge declined on Wednesday to block potential IRS data sharing with DHS in immigration cases

Latin Times

Maximizing Retirement: Seven Sources of Non-Taxable Income in 2025

Leveraging non-taxable income in retirement can help preserve your hard-earned money.

Kiplinger

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Trump Admin Reinstating 25,000 Fired Federal Workers – Which Agencies Are Bringing Them Back?

Court filings on Monday revealed that 18 federal agencies terminated probationary employees, but after a ruling by U.S. District Judge James Bredar, efforts are underway to reinstate them.

International Business Times

IRS $1,400 stimulus check deadline is soon — here’s who is eligible and how to claim

IRS warns that taxpayers who fail to file their returns by April 15 could forfeit the pandemic-era relief payment

The Independent UK

Trump's job cuts are forcing the IRS to cancel several large audits, which could result in tens of billions in lost revenue for the government

That could cost the country billions in revenue.

Fortune

Will Tax on Tips End for Your State This Year?

While the 'Big Beautiful Bill' spearheads federal talk on tips, several key states are considering ending taxes on tip income.

Kiplinger

Trump’s Latest Pitch: No Taxes If You Earn Less Than $150K?

The Trump administration reportedly wants to eliminate taxes for certain earners.

Kiplinger

Who invented the March Madness bracket? Staten Island bar and Kentucky postal worker stake claims

Trying to prove the real inventor of the March Madness pool seems about as implausible as picking a perfect bracket

The Independent UK

Most Americans Disapprove Of Trump's Performance, Majority Have 'Very Negative' View Of Elon Musk: Poll

A new poll revealed that more than half of American voters disapprove of President Trump's performance – more U.S. voters are also becoming weary of Elon Musk, who has been advising the president on government downsizing.

International Business Times

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Latin Times

DOGE Proposes Cutting IRS Workforce by 20% During Height of Tax Season

The Trump administration is looking to further reduce the IRS' workforce by another 6,800 by May 15, just one month after Tax Day.

Reason

Taking $200 Out of an ATM Should Not Trigger Federal Financial Surveillance

No, not even if you do it in a county that borders Mexico.

The Independent UK

Hundreds of federal offices could begin closing this summer at DOGE's behest, internal records show

Elon Musk's Department of Government Efficiency is listing all the federal real estate leases it is ending, but new records obtained by The Associated Press show when those cancellations are expected to take effect

The Independent UK

IRS swaps chief counsel for a lawyer friendly with DOGE, AP sources say

The Internal Revenue Service’s acting chief counsel, William Paul, has been removed from his role at the agency and replaced by Andrew De Mello, an attorney in the chief counsel’s office who is deemed supportive of Elon Musk’s Department of Government Efficiency, according to two people familiar with the plans…

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Reason

Everything's Computer

Plus: "Is any criticism of the government a deportable offense?" and more...

The Independent UK

Reductions in force: A look at which agencies are affected by DOGE-led job cuts

The deep cuts across federal agencies since Donald Trump’s return to the White House include reductions in force, which mean not only layoffs but also elimination of positions altogether

Kiplinger

Five Roth IRA Pitfalls Your Adviser May Not Tell You About

Heffalump traps may be imaginary, but Roth IRA pitfalls are very real. They could upend your retirement if you're unaware of them.

The Independent UK

Former Tiesto lawyer jailed for hiding millions in taxes argues Dutch DJ should pay money back

Frank Butselaar is being told by prosecutors to pay over $19m

Reason

The IRS Bleeds

Plus: Ceasefire talks, J.D. Vance as the future of the GOP, the government's war on treehouses, and more...

International Business Times

Didn't Receive $1,400 Stimulus Cheque From IRS? Here's How To Know If You Still Qualiify

Millions may still be eligible for the $1,400 (£1085.98) stimulus payment from 2021 through the Recovery Rebate Credit.

International Business Times UK

Didn't Receive The $1,400 Stimulus Cheque From IRS? Here's How To Know If You Still Qualify

Millions may still be eligible for the £1085.98 ($1,400) stimulus payment from 2021 through the Recovery Rebate Credit.

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