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The Latest Breaking News from IRS

5 Tax Deductions Seniors Should Stop Claiming Immediately to Avoid the 2026 IRS Crackdown

As the 2026 tax filing season approaches, many seniors are operating on “autopilot,” planning to claim the same deductions they have used for the last...

Saving Advice · Jan 22

IRS: Here’s How You Can Save Up To $10K on Your 2026 Taxes

Keep reading to find out who qualifies and how to claim the deduction.

GOBankingRates · Jan 22

IRS Update: The $600 Payment Rule is Officially Delayed (What It Means for Venmo Users)

Selling old clothes on Poshmark or splitting dinner bills on Venmo recently caused unnecessary panic. Many feared the “$600 Rule” and the wave of tax paperwork it would bring. Fortunately, the IRS announced another delay for the 2026 tax season. The reporting threshold will rise to $2,000 instead of the…

Budget and the Bees · Jan 22

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An IRS Rule Change Could Lower Tax Bills for Up to One Million Filers

A late-stage IRS clarification and new tax relief measures could result in lower tax bills and increased refunds for up to one million filers in 2026.

International Business Times UK · Jan 22

Experts explain why the president’s plans for the housing market may let you down

Experts are skeptical that the president’s plan for improving the housing market will have lasting benefits

The Independent UK · Jan 21

12 Tax Strategies Every Self-Employed Worker Needs in 2026

Navigating the seas of self-employment can be rough. We've got answers to common questions so you can have smoother sailing.

Kiplinger · Jan 21

IRS boss announces huge shake-up on eve of 2026 tax season

Gary Shapley, the whistleblower who testified publicly about investigations into Hunter Biden’s taxes, was named deputy chief of the Criminal Investigation division

The Independent UK · Jan 21

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6 Benefits To Filing Taxes Early for Retirees

Even in retirement, many types of income remain taxable, making timely filing essential for financial security.

GOBankingRates · Jan 20

The Erroneous 1099-K: Why Seniors are Receiving IRS Forms for Under $20,000 and the 3-Step “Zero Out” Rule

If you opened your mailbox this week to find an IRS Form 1099-K from Venmo, PayPal, or CashApp for a few thousand dollars, your first...

Saving Advice · Jan 20

The Doorjamb Test: Check Your VIN Today for the New $10,000 Car Loan Interest Refund

If you bought a new car in 2025 or are planning a purchase this winter, you might be sitting on a tax goldmine without even...

Saving Advice · Jan 19

The “Itemizer Trap”: Why Seniors with Under $40,000 in State Taxes are Switching to the New ‘OBBBA Standard’

For nearly a decade, the “SALT cap” was the bane of retirees living in high-tax states like New York, New Jersey, and California. Capped at...

Saving Advice · Jan 19

The 1098-Auto Alert: Why Your Car Lender is Required to Send This New Tax Form by January 31st

If you’ve been checking your mailbox for your usual W-2s and 1099s, keep an eye out for a newcomer this January: Form 1098-Auto (officially appearing...

Saving Advice · Jan 19

January 20th Deadline: Why Thousands of Seniors Are Losing This Federal Tax Credit Next Week

Every January, a new wave of “urgent” tax messages hits inboxes, phones, and social feeds—often aimed straight at older Americans. The pitch usually sounds official:...

Saving Advice · Jan 19

IRS 2026 Crackdown: Why Your Bank Is Required to Flag Every Transfer Over $600 This Monday

If you’ve been checking your news feed this week, you’ve likely seen the alarmist headlines: “IRS to monitor all bank transfers over $600 starting Monday.”...

Saving Advice · Jan 18

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Saving Advice · Jan 18

The $6,000 “Senior Bonus”: How to Claim the New 2026 IRS Tax Shield Before the April Deadline

If you’re 65 or older, the 2026 tax season isn’t just another year of paperwork—it’s the year of the “Senior Bonus.” Tucked inside the One...

Kiplinger · Jan 18

6 Champagne Problems Successful Retirees Face

What do you do if your biggest financial threat is simply having too much of a good thing — money?

Kiplinger · Jan 18

How to Avoid Being Buried by the Tax Avalanche in Retirement: Tips From a Wealth Adviser

All that cash you have in tax-deferred accounts could launch you into a higher tax bracket when you start withdrawals. It's time to protect your income.

Clever Dude · Jan 17

New Senior Deduction Could Dramatically Raise Tax Refunds — Here’s Who Qualifies

If you’re 65 or older, the IRS just handed you a major win. The new Senior Bonus Deduction (part of the One Big Beautiful Bill Act) lets eligible seniors deduct an extra $6,000 from their taxable income. For married couples filing jointly, that doubles to $12,000, potentially reducing your tax…

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news in one place.

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GOBankingRates · Jan 17

Crypto Taxes: 6 States Most Likely To Cut Into Your Gains

Crypto taxes vary by state, with the IRS treating digital assets like property. See how tax laws, capital gains rules & reporting requirements impact investors.

GOBankingRates · Jan 17

Taxes Are Still Complicated, and It’s Costing Americans Billions — How You Can Save This Season

Americans brace for tax season each spring, and each time we seem to be reminded of an uncomfortable truth. That is, the US tax system is so complicated.

Saving Advice · Jan 16

7 IRS Letters Seniors Should Never Ignore After Filing

Opening your mailbox and seeing that distinctive “Internal Revenue Service” return address is enough to make anyone’s heart skip a beat. But here’s the thing:...

Kiplinger · Jan 16

Ask the Editor, January 16: Tips for Filing Your Form 1040

In this week's Ask the Editor Q&A, Joy Taylor answers questions on preparing and filing your 2025 Form 1040.

Saving Advice · Jan 16

8 Tax Credits Boomers Miss Because Income Falls in the Middle Zone

If you’re a Baby Boomer navigating the 2026 tax season, you might feel like you’re stuck in no-man’s-land. You don’t have the high-flying income of...

Saving Advice · Jan 16

7 Filing Status Errors Widows Make the First Year Alone

Losing a partner is one of life’s most devastating transitions, and the last thing anyone wants to think about while grieving is the IRS. But...

Saving Advice · Jan 16

10 Tax Documents Seniors Should Gather Before Meeting an Accountant

It’s January 15, 2026, and for most retirees, that means the “tax season sprint” has officially begun. But before you rush into your accountant’s office...

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