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The Latest Breaking News from IRS

Photo: A Furloughed Federal Worker Opens a Hot Dog Cart

The stand has been so successful that IRS lawyer Isaac Stein intends to continue his hot dog hustle on weekends.

Reason

Financial Expert: Here’s the Smartest Way Boomers Can Give Kids Tax-Free Money

Financial expert Lance Morgan reveals why $19,000 is the magic number for boomers helping their kids financially. Here's how the tax-free gift strategy works.

GOBankingRates

Warning: The New IRS Rule Change That Could Affect Your Venmo and PayPal Accounts

We used to live in a world where selling an old couch on Facebook Marketplace or splitting a dinner bill via Venmo was a private transaction. Those days are changing fast. The IRS has been rolling out new reporting thresholds that have left many of us confused and slightly panicked…

Budget and the Bees

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

I'm a Financial Planner for Millionaires: Here's How to Give Your Kids Cash Gifts Without Triggering IRS Paperwork

Most people can gift large sums without paying tax or filing a return, especially by structuring gifts across two tax years or splitting gifts with a spouse.

Kiplinger

You’re Probably Overpaying the IRS by $1,000 or More a Year: Here’s How To Stop

The average refund in 2025 was around $3,000, which means that if you're getting a refund, you're likely overpaying the IRS.

GOBankingRates

Ask the Editor, December 12: IRAs, 401(k)s and RMDs

In this week's Ask the Editor Q&A, Joy Taylor answers questions on IRAs, 401(k)s and required minimum distributions

Kiplinger

6 Tax Deductions Retirees Often Miss (But Are Entitled To)

Retirement is a huge milestone. Naturally, you spent decades working toward it. However, the party eventually ends. Once the steady paychecks stop, the reality of a fixed income sets in. Honestly, this shift feels strange. In a way, you switch from saver to spender. Suddenly, every dollar leaving your account…

Budget and the Bees

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DOGE isn’t dead—it’s been absorbed into the bloodstream of the government, federal employees say

“It’s like taking the dust jacket off of the book and saying, ‘We’ve got rid of the book,’” one federal employee said.

Fortune

Tax Surplus: 10 Moves That Can Cut Your 2025 Tax Bill Before the Year Ends

As the year winds down, many people start thinking about holiday plans, New Year’s resolutions, or how fast the months flew by. Few, however, pause to consider one of the most exciting things a savvy taxpayer can do: cut their tax bill before December 31st. Yes, it’s thrilling in its…

The Free Financial Advisor

How the IRS' crime-fighting force took on immigration and other issues in 2025

The IRS Criminal Investigations unit is doing more than just cracking down on tax evaders

The Independent UK

5 Types of Gifts the IRS Won’t Tax: Even If They’re Big

Several categories of gifts don’t count toward annual gift tax limits. Here's what you need to know.

Kiplinger

The 'Scrooge' Strategy: How to Turn Your Old Junk Into a Tax Deduction

We break down the IRS rules for non-cash charitable contributions. Plus, here's a handy checklist before you donate to charity this year.

Kiplinger

IRS Says You Made a Tax Return Mistake? A New Law Could Help You Fight Back

Updated taxpayer protections change what the IRS must explain on error notices and how long you have to respond.

Kiplinger

What Is a Trump Account? Everything You Need to Know About How to Open an Account, Their Tax Benefits, and Michael and Susan Dell’s Donation.

The Trump Account is a new investment account for kids that’s scheduled to launch in 2026, and there’s a huge signing bonus for all eligible newborns. Thanks to a huge donation from the Dells, that signing bonus just got bigger.

Barchart

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Kiplinger

Could an Annuity Be Your Retirement Safety Net? 4 Key Considerations

More people are considering annuities to achieve tax-deferred growth and guaranteed income, but deciding if they are right for you depends on these key factors.

Kiplinger

Tax Refund Alert: House GOP Predicts Bigger Tax Refunds in 2026

Here's how the IRS tax refund outlook for 2026 is changing and what steps you can take now to prepare.

Kiplinger

New IRS Changes to FSA Contribution Limits for 2026: What to Know

Flexible Spending Accounts have tax advantages worth looking into, especially in light of new IRS changes.

International Business Times UK

David Ellison's $30 Offer to Buy Warner Bros. Discovery Could Change the Shows You Watch

David Ellison offers $30 per share to buy Warner Bros., beating Netflix's $27.75 bid. Shareholders will choose between two contrasting visions for the company's future by 8 January.

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news in one place.

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International Business Times UK

Americans Are Missing Out on Billions in Tax Credits as the IRS Reveals Five Overlooked Ways to Cut Your Bill

Five often-missed federal tax credits worth up to £9B annually cover education, childcare, retirement, and energy. One expires on 31 December; file by 15 April.

inkl

The 7 Best Cost Segregation Companies in 2026

Get a vetted list of the 7 best cost segregation companies for 2026 so you can boost after-tax cash flow, reduce risk, and plan ahead with confidence.

International Business Times UK

OnlyFans Puts IRS in Awkward Spotlight Over Trump Tax Perk: Agents Decide Which Kinky Tips Stay Untouched

IRS agents face an awkward task: auditing OnlyFans content to distinguish between tax-exempt 'digital creation' and pornography under Trump's ambiguous new 'No Tax on Tips' law.

Saving Advice

12 Tax Deductions Retirees Should Confirm Before Filing

Tax season can be stressful for retirees, especially those living on fixed incomes. While Social Security and pensions provide stability, taxes can quickly erode monthly...

International Business Times UK

Trump And The FBI Allegedly Putting Together a 'Naughty List' of People They Deem to Be 'Extremists'

A White House memorandum and an Attorney-General directive instruct the FBI and other agencies to compile lists of organisations deemed 'extremist'.

International Business Times UK

Saved by ChatGPT: Widow's £1M Scam Confirmed—Her Home Still at Risk

A woman in her seventies lost nearly another £1 million to a romance scam before ChatGPT confirmed her worst fears. Holiday crypto fraud has surged 300% as scammers exploit loneliness.

International Business Times UK

Tax Experts Warn Tipped Workers May Struggle to Claim Over $4,400 in Tax Savings Despite New IRS Rules

IRS guidance confirms W-2 forms remain unchanged, forcing servers and bartenders to manually track tips. Many lack records to claim up to $4,400 in savings by April.

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