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The Latest Breaking News from IRS

IRS Refunds Are Up 14.2% So Far: What Filers Should Do With the Extra Cash

Here's a look at what filers should keep in mind regarding these larger tax refunds and what they could do with the extra cash.

GOBankingRates · Feb 28

I’m an Accountant: The Biggest Tax Misunderstanding I See Among the Middle Class

Many middle-class households believe they have a solid grasp on how their taxes work, especially if they've been filing for years without a problem.

GOBankingRates · Feb 28

Trump Accounts Arrive July 4 — What You Need to Know

Many details about how Trump Accounts will operate remain open questions.

GOBankingRates · Feb 28

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6 Ways To Get Money Back From the IRS Using Tax Credits — According to a Tax Pro

Getting a tax refund often feels like luck, but it usually comes down to knowing which tax credits you qualify for and claiming them correctly.

GOBankingRates · Feb 28

I Asked ChatGPT Whether Filing an Extension Is a Bad Idea — Here’s What It Said

Tax season is in full swing, and the pressure is on to get federal returns filed by April 15. For some, however, that deadline is challenging.

GOBankingRates · Feb 28

Treasury Department terminates union contracts for IRS and Bureau of the Fiscal Service workers

The Treasury Department says it has ended its collective bargaining agreement with unionized workers employed at the Internal Revenue Service

The Independent UK · Feb 28

8 Programs That Reject Applications Unless You Enroll Online First

More government agencies, financial institutions, and essential service providers are quietly shifting to online enrollment as the first—and sometimes only—step before they’ll accept an application....

Saving Advice · Feb 27

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6 Everyday Accounts That Now Lock You Out Without Digital Login Verification

A growing number of everyday accounts now require digital login verification, and the shift is catching millions of Americans off guard. What used to be...

Saving Advice · Feb 27

IRS broke the law ‘approximately 42,695’ times after sharing confidential data with ICE, judge says

Trump administration’s data-sharing agreement violated rules to protect taxpayer info, according to judge

The Independent UK · Feb 27

8 Boring Habits That Will Make You Rich in Retirement

These mundane activities won't make you the life of the party, but they will set you up for a rich retirement. Discover the 8 boring habits that build real wealth.

Kiplinger · Feb 27

5 Completely Legal Ways To Reduce Taxes That Don’t Require Itemizing

Learn five legal ways to reduce taxes without itemizing, using credits adjustments, and smart IRS‑approved strategies anyone can use.

GOBankingRates · Feb 27

Here’s How Long You Should Keep Tax Records If You Own a Home

Homeowners can learn how long to keep tax records, which documents to save, and when it’s safe to discard them under IRS guidelines.

GOBankingRates · Feb 27

7 Low-Risk Investments That Could Safeguard Your Retirement Wealth

Explore seven low-risk investment options that provide stability and growth for retirement planning, including US Treasuries, high-yield savings accounts, and more.

International Business Times UK · Feb 27

$100K Paycheck Reality Check: The US Cities Where Your Money Actually Lasts

A ConsumerAffairs study shows how far a $100,000 salary stretches across the 100 largest US cities, with Texas and Midwestern metros leading and coastal cities ranking lowest.

International Business Times UK · Feb 27

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GOBankingRates · Feb 27

I Asked ChatGPT How Early I Should File My Taxes: Here’s What It Recommended

ChatGPT provided some tips on when to file taxes early, when to wait and how refunds, complex finances and IRS deadlines can affect your filing strategy.

Budget and the Bees · Feb 27

Refund Transcript Watch: What IRS Code 846 Really Means (And Why Your Deposit Still Hasn’t Hit)

You have been refreshing the Where’s My Refund? tool for days, hoping for movement. Nothing happens. Then you finally pull your tax transcript and see the magic number. IRS Code 846 is the one code every taxpayer waits for during the season. It is supposed to mean your refund has…

International Business Times UK · Feb 27

IRS Leaked Taxpayer Secrets To ICE 42,695 Times, Judge Rules In Explosive Privacy Blow

A federal judge ruled that the IRS violated federal law by disclosing confidential taxpayer information to ICE, sparking legal challenges over data-sharing practices.

Kiplinger · Feb 27

Ask the Editor, February 27: Questions on Tax Returns and Decedents

In this week's Ask the Editor Q&A, Joy Taylor answers questions on how to file a tax return when someone has died and resources you can use to find more help.

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Roll Call · Feb 27

Bipartisan Senate bill promises 'commonsense fixes' to IRS

Senate Finance Committee leaders introduced a bipartisan bill Thursday to overhaul the procedures and administration of the IRS.

Saving Advice · Feb 26

IRS Clarifies When HSA Funds Can Cover Direct Primary Care Fees — Here’s What Counts in 2026

Direct primary care (DPC) has been a go-to for many Americans to receive predictable monthly costs and easier access to doctors. Until recently, no one...

The Independent UK · Feb 26

The IRS broke the law by disclosing confidential information to ICE 42,695 times, judge says

A federal judge said that the IRS broke the law by illegally sharing thousands of taxpayers’ addresses with Immigration and Customs Enforcement

The Free Financial Advisor · Feb 26

The IRS Doesn’t Care If You Forgot — Missing Tax Dates Could Cost You Thousands

The IRS doesn’t care if life got busy. It doesn’t care if a client paid late, if bookkeeping fell behind, or if someone assumed April would cover everything. When it comes to estimated taxes, the federal government expects its money on time, four times a year, and it calculates penalties…

Kiplinger · Feb 26

3 Smart Ways to Spend Your Retirement Tax Refund

With the new "senior bonus" hitting bank accounts this tax season, your retirement refund may be higher than usual. Here's how to reinvest those funds for a financially efficient 2026.

Budget and the Bees · Feb 26

Zelle Scam Reality: Why Banks Deny Refunds for This One Type of Transfer

Zelle has become the go-to app for sending money to friends and family in seconds. It is fast, free, and incredibly convenient, which exactly explains why scammers love it too. You might think your transactions carry the same fraud guarantees as your credit card since major banks back the service.…

GOBankingRates · Feb 26

Claiming These 4 Tax Breaks Could Get You in Trouble With the IRS

Here are four tax breaks to watch out for if you don't want to deal with a rejected return, costly penalties or other problems with the IRS.

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