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The Latest Breaking News from IRS

Judge sanctions Trump lawyers over IRS ‘settlement’ in brutal takedown

Trump’s team schemed the court to force a settlement with his own government to bail him out from tax investigations, judge says

The Independent UK

Judge blasts Trump's IRS lawsuit as filed for 'improper purpose,' recommends attorney discipline

A federal judge says President Donald Trump’s lawsuit against the IRS over his leaked tax returns was filed for an “improper purpose” as she referred attorneys for disciplinary actions

The Independent UK

Social Security Shows Government Doing a Good Thing the Wrong Way as 2032 Insolvency Looms, Says This Public Affairs and Campaign Consultant

Social Security is not a Ponzi scheme or a scam, but it shows "government doing a good thing the wrong way," public affairs and campaign consultant David Harris argues, warning that the program’s 2032 funding deadline demands structural reform.

Benzinga

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Digital Gift Cards Are Becoming a Favorite Target for Scammers—Here’s How to Protect Yours

Digital gift cards have become one of the easiest ways to celebrate birthdays, holidays, and special occasions, but they’ve also become a favorite tool for scammers looking to steal money fast. Unlike traditional payment methods, digital gift cards are difficult to trace and nearly impossible to recover once the code…

Budget and the Bees

Ask the Tax Editor, July 10: Late Refunds and Calling the IRS

In this week's Ask the Editor Q&A, Joy Taylor answers tax questions from readers who are still awaiting their tax refunds and problems with calling the IRS.

Kiplinger

IRS Refund Deadline Today: Millions Of Americans Could Still Claim COVID-Era Tax Money Before Time Runs Out

Millions of Americans may still be eligible for an Internal Revenue Service refund, but they must file a claim by Friday, July 10, according to National Taxpayer Advocate Erin Collins, who warned the relief will not be granted automatically.

Benzinga

Trump's 'Anti-Weaponization Fund' Marks a Pattern of Trying To Profit From the Presidency

Since the beginning of his first term, the president has repeatedly used his office for personal gain.

Reason

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The Social Security Fix That Would Send Tax Rates Soaring

There are only a handful of ways to shore up Social Security. Sens. Bernie Moreno and Elizabeth Warren are backing one of the most expensive.

Reason

The IRS Never Texts You, So Why Are They Doing It Now?

Taxpayers have been told for years that the IRS never sends a text message. But under 2026 digital rules, the agency can reach out for three specific reasons.

Kiplinger

How to Check Whether You’re Withholding Too Much From Social Security

Every month, thousands of retirees have federal income taxes withheld from their Social Security benefits to avoid a surprise tax bill in April. But if...

Saving Advice

IRS Announces 27 States Have Opted Into New Federal Scholarship Tax Credit Program

The Internal Revenue Service announced that 27 states have elected to participate in the Federal Scholarship Tax Credit (FSTC) program, a new federal initiative that allows eligible taxpayers to claim a tax credit for contributions made to qualifying scholarship organizations.

The Free Financial Advisor

Trump Accounts Launch With $250 Million Micron Pledge: How to Claim Your Baby's $1,000 Government Investment

Trump Accounts are live with $1,000 deposits for over 500,000 US children. Here is how to claim your baby's money, plus the corporate pledges and equity concerns behind the launch.

International Business Times UK

Trump DOJ Tax Lawsuit Settlement: IRS Barred From Auditing Trump's Crypto and Business Empire

Trump's IRS settlement raises concerns over audit restrictions, potentially shielding Trump-linked crypto and business ventures. Senate Democrats seek clarity on the deal's scope and implications.

International Business Times UK

Your Employer May Match Student Loan Payments in 2026—But Only Up to the 401(k) Deferral Limit

Under SECURE 2.0, employers can choose to treat qualified student loan payments as though they were 401(k) contributions when calculating matching retirement contributions. However, the amount of loan payments eligible for matching generally cannot exceed the annual elective deferral limit, which rises to $24,500 in 2026. That makes it important…

The Free Financial Advisor

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The Free Financial Advisor

7 OregonSaves Rules Every New Oregon Employer Should Know Before the July 31 Deadline

OregonSaves became the nation’s first state-facilitated retirement savings program in 2017 and now has more than 120,000 participating workers and billions of dollars in retirement assets under management, giving employees without workplace retirement plans an easy way to save through payroll deductions. For many new Oregon employers, July 31 marks…

Kiplinger

IRS Updates Gift Tax Exclusion Rules for Trump Account Contributions

Parents and other contributors now have more clarity on a key tax issue tied to the newly launched tax-advantaged accounts.

Saving Advice

SSA Just Launched the Trump Account Enrollment Process—What Parents and Grandparents Should Know

If you’re a parent or grandparent looking to jumpstart a child’s financial future, the Social Security Administration (SSA) has made it easier to enroll eligible...

International Business Times UK

Trump Accounts Open With $1,000 Free Cash for Every Eligible Baby as Dow Storms Past 53,000 for First Time Ever

President Trump launched a savings scheme for American newborns, offering £749 ($1,000) in seed money, as the Dow Jones closed above 53,000 for the first time. Critics question its benefits.

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inkl

Opening a Company in the USA as a Non-Resident: Why So Many Are, and How It Works

Over the past few years a quiet shift has taken hold among entrepreneurs outside the United States: rather than waiting on a visa or a move, they are simply opening a company in the USA from wherever they already live. A founder in Dubai, a consultant in Amsterdam, a small…

International Business Times UK

The Roth IRA Shield: How Smart Retirees Are Protecting Their 2027 Social Security Raises From the IRS

The Senior Citizens League is projecting a 3.8% Social Security COLA for 2027, potentially adding about $77 a month to the average retiree's benefit but also pushing more pensioners into paying tax on their benefits.

The Free Financial Advisor

New IRS Guidance Makes Direct Primary Care HSA-Eligible—But Monthly Limits Still Apply

People enrolled in qualifying direct primary care (DPC) memberships received good news from the IRS. Beginning in 2026, many DPC membership fees can now be paid tax-free using Health Savings Account funds, and participating in an eligible DPC arrangement no longer automatically prevents someone from contributing to an HSA. The…

The Economic Times

Are you eligible for the COVID tax refund? The July 10 deadline could cost you an IRS refund forever

Are you eligible for the COVID tax refund? That's the question many Americans are asking as the July 10 deadline approaches. It's not a new stimulus check. But it could protect your right to recover IRS penalties or interest paid during the pandemic. Here's who may qualify and why waiting…

The Guardian - US

Trump rings New York Stock Exchange bell to mark first trading day for ‘Trump accounts’

US president rings bell from White House and showcases initiative that gives children a $1,000 investment account

International Business Times UK

Tax Refund Warning as Millions Risk Losing COVID-Era Money They Never Knew They Were Owed

Millions of Americans have until 10 July to claim unclaimed IRS rebates due to a landmark court ruling. Missing this deadline means forfeiting potential refunds or penalty rollbacks.

Latin Times

Mexico's Finabien Card Emerges as Migrants' Shield Against U.S. Remittance Tax

A new 1% U.S. tax on cash remittances pushed Mexico to launch the Finabien card. See how it works, what it costs, and its real impact.

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