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The Latest Breaking News from IRS

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

From analysis to the latest developments in health,
read the most diverse news in one place.

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

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

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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...

Saving Advice

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.

GOBankingRates

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.

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.

Kiplinger

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.

International Business Times UK

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?

Kiplinger

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,...

Saving Advice

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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.

GOBankingRates

This Tax Confusion Could Be Costing You Money — a CFP Explains How To Fix It

Tax credits cut your bill, deductions shrink your income. Learn the key difference so you don’t leave money on the table during tax season.

Get all your
news in one place.

100's of premium titles.
One news app.

GOBankingRates

Here’s How Stock Losses Can Boost Your Tax Refund

You can use capital losses to offset gains, reduce taxable income and boost refunds. Learn smart tax strategies like harvesting and carrying forward losses.

Reason

Short Circuit: An Inexhaustive Weekly Compendium of Rulings from the Federal Courts of Appeal

Qualified privileges, unequal conspiracies, and a file in hand.

Kiplinger

Ask the Editor, October 3: Tax Questions on the Charitable Deduction

In this week's Ask the Editor Q&A, we answer reader questions on the charitable deduction.

Reason

The Justice Department's Targeting of George Soros Is a Serious Scandal

Just as it was a scandal when the IRS under Obama allegedly targeted Tea Party groups.

Benzinga

'I Remember Being Right Where You Are': Dave Ramsey Warns Caller That His $1 Million Debt Can Destroy His Marriage

When John, from North Carolina, called into "The Ramsey Show," he revealed that he and his wife were facing nearly $1 million in debt after closing down his business. A mix of loans, IRS taxes, credit cards, and a mortgage left the couple overwhelmed — and worried about their financial…

Kiplinger

What Happens to Your Money in a Government Shutdown?

From benefit checks to IRS delays, here’s what could affect your wallet if the government shuts down.

Saving Advice

The First Few Weeks Without a Pension Check — And The Hidden Ripple Effect

When the pension stops, the silence is louder than you expect. After years of dependable deposits, retirees often underestimate how quickly the absence of a...

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