The Latest Breaking News from IRS

Tax season officially opened yesterday, January 26, but for millions of working Americans, the real headline isn’t the date—it is the quiet expansion of the Earned Income Tax Credit (EITC). Often called the “working family’s bonus,” the EITC has been adjusted for inflation and tweaked by the recent tax overhaul.…

If you owe taxes, the money is still due by April 15 even if you file for an extension. An extension only gives you more time to file paperwork, not more time to pay.

Only work with established tax professionals and lenders who have come recommended, one expert warns

For most retirees, the daily mail is a nuisance. Between the endless solicitations for hearing aids and the aggressive “Urgent” postcards from Medicare brokers, it...

A little oversight or automation can keep money in your pocket.

‘Taxpayers should carefully check their return, even if prepared by a professional, for simple mistakes,’ one expert said

The U.S. Treasury Department has cut contracts with Booz Allen Hamilton after a former contractor leaked tax information about wealthy individuals, including Donald Trump

Big changes this year include new deduction for seniors

If you’ve ever sold a vintage jacket on an app, picked up extra cash doing freelance work, or split dinner with friends via Venmo, you might have heard rumblings about a tax reporting change that could have snared millions of everyday Americans into unexpected IRS reporting paperwork in 2026.