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The Latest Breaking News from IRS

New IRS Rule Changes How You Can Save for Retirement: What High Earners Need To Know

New IRS rules require high earners to make Roth catch-up contributions. Learn who’s affected and how it could impact your retirement strategy.

GOBankingRates

‘Y’all can report them’: Oregon Goodwill shopper spots Nike joggers. Then she checks the tag

An Oregon woman was astonished to find a pair of Nike joggers at Goodwill for $39.99. “Let me show you real quick how Goodwill has lost their minds,” said Courtney Knight (@courtneyrenee.k). She posted the clip to her platform, garnering 457,000 views in the span of four days.

The Mary Sue

You Won’t Believe Mark Cuban’s Tax Bill — Here Are 5 Tips To Keep Yours Much Lower

Keep reading for more details on Cuban's tax bill -- plus five tips to keep yours much lower.

GOBankingRates

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Brickbat: No Bad Boys

Lawrence Smith, a Baltimore City Schools Police officer of 22 years, pleaded guilty to federal wire fraud and tax evasion… The post Brickbat: No Bad Boys appeared first on Reason.com.

Reason

The Gig Economy Tax Nightmare: Why So Many Freelancers End Up Owing the IRS

The gig economy continues to grow rapidly as more people choose to work as freelancers. Flexible hours and the chance to be your own boss are appealing. Freelancers discover a surprising truth about taxes when they need to file their taxes. The gig economy tax nightmare is real, and it’s…

The Free Financial Advisor

Fed Rate Cut: How Will It Lower Your Credit Card and Mortgage Payments?

Jerome Powell's 29 Oct Fed rate cut drops benchmark to 3.75%-4% – explore credit card APR lower, mortgage rates drop, savings yield decline impacts on auto loans, student debt amid inflation

International Business Times UK

DOJ Subpoena to Gender Medicine Telehealth Provider Quashed, but Record Not Sealed

From Judge Jamal Whitehead (W.D. Wash.) in Queerdoc, PLLC v. U.S. Dep't of Justice: On January 20, 2025, President Trump… The post DOJ Subpoena to Gender Medicine Telehealth Provider Quashed, but Record Not Sealed appeared first on Reason.com.

Reason

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Rozier will not receive salary while on leave, AP sources say. Attorney says tax lien was resolved

NBA guard Terry Rozier will not receive his salary from the Miami Heat while on leave due to his arrest on federal gambling charges

The Independent UK

IRS Direct Deposit Stimulus: Will November IRS Checks Bring $1,400 Relief Boost?

Debunking IRS direct deposit myths: No federal $1,400 relief in November 2025, but state inflation rebates like NY's $200 await

International Business Times UK

New 1099-K Rules Explained: Why the $20K and 200 Transaction Limit Isn’t the Win You Think It Is

When the IRS delayed its $2,500 reporting threshold and announced a return to the $20,000 and 200 transaction limit for 2025, millions of small sellers...

Saving Advice

5 Things You Should Know Before Opening a Bank Account for a Baby

Opening a bank account for your baby may seem unnecessary at first, but it’s one of the smartest financial moves new parents can make. From...

Saving Advice

12 Future Tax Traps Gen Z May Run Into Before Age 30

Gen Z is stepping into adulthood during one of the most financially complex times in history. Between remote work, side hustles, and digital investments, the...

Saving Advice

Can Your Taxes Be Cut In Half By You Simply Incorporating Your Name?

It’s tempting to think you can slash your tax bill by simply incorporating your name. You may have heard stories or seen ads claiming that turning yourself into a corporation will cut your taxes in half. With tax rates and rules always changing, it’s easy to see why this idea…

The Free Financial Advisor

To Reap the Full Benefits of Tax-Loss Harvesting, Consider This Investment Strategist's Steps

Tax-loss harvesting can offer more advantages for investors than tax relief. Over the long term, it can potentially help you maintain a robust portfolio and build wealth.

Kiplinger

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International Business Times UK

Is the $2000 Stimulus Check Really Happening? Inside Trump's Big Promise and the Washington Shutdown Chaos

Trump's $2000 stimulus check promise fuels confusion as the Washington shutdown deepens. Here's what's real, what's rumour, and what officials say.

The Free Financial Advisor

7 Personal Money Questions Advisors Can’t Believe Are Real

Financial advisors hear a lot of questions, but some personal money questions are so surprising that they make even seasoned professionals pause. These queries highlight how complex—and sometimes misunderstood—personal finance can be. Asking the right questions leads to better decisions, but asking truly unusual ones can reveal gaps in financial…

Everybody Loves Your Money

6 Tax Laws Changed Without Proper Announcement

Ever feel like tax season is designed to make you break into a cold sweat? You carefully save receipts, download the latest forms, and pat yourself on the back for being a responsible adult—only to find out the government quietly changed the rules behind your back.

Kiplinger

Backdoor Roth IRAs: This High-Earner Strategy Leaves Your Heirs a Tax-Free Fortune

Converting to a backdoor Roth IRA via an IRS "loophole" is an estate-planning hack that provides heirs with tax-free income in retirement. It can help you, too.

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Kiplinger

New Opportunity Zone Rules Triple Tax Benefits for Rural Investments: Here's Your 2027 Strategy

New IRS guidance just reshaped the opportunity zone landscape for 2027. Here's what high-net-worth investors need to know about the enhanced rural benefits.

Benzinga

Scott Bessent Says Things Are Looking Up For The US Economy: 2026, 2027 Are Going To Be 'Great Years' Thanks To Trump's Tax Reforms

Treasury Secretary Scott Bessent expressed confidence in the trajectory of the U.S. economy, citing key deflationary trends, tax policy changes, and incoming tax refunds for working Americans.

Saving Advice

WEP/GPO Repealed—Now What? 6 Steps for Teachers, Firefighters, and Public Workers to Recheck Benefits in 2025

For decades, the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) reduced or eliminated Social Security benefits for millions of public workers who also...

GOBankingRates

George Kamel Reacts To the Worst Online Tax Advice

Here are some schemes to avoid since they can land you in serious trouble.

The Free Financial Advisor

Begin Learning the Secrets of Tax-Efficient Investing Today

Every investor dreams of growing wealth faster—but too often, taxes quietly eat away at those gains. The good news is that with the right strategies, you can minimize what you owe without taking unnecessary risks. Tax-efficient investing helps you keep more of what you earn by structuring your portfolio in…

Kiplinger

Three Critical Tax Changes Could Boost Your Paycheck in 2026

The IRS predicts these tax breaks may change take-home pay in 2026. Will you get over $1,000 in tax savings?

The Conversation

1 in 3 US nonprofits that serve communities lost government funding in early 2025

About one-third of U.S. nonprofit service providers experienced a disruption in their government funding in the first half of 2025.

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