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The Latest Breaking News from IRS

IRS Expands Tax Breaks for Breast Cancer Screenings, Contraceptives

Now you can get a tax deduction or reimbursement for certain medical expenses, like over-the-counter birth control and condoms.

Kiplinger

Biden Thanks Nigerian President For Binance Exec's Release – What Role Did White House Play?

U.S. President Joe Biden thanked his Nigerian counterpart after Binance compliance chief Tigran Gambaryan was freed from Nigerian custody last week, but the question is, did the White House play a key role in the former IRS agent's laborious journey to freedom?

International Business Times

Karen Purposefully Puts Coworker’s Health At Risk As She Doesn’t Believe They’re Sick, Gets Fired

Some entitled coworkers take their arrogant behavior too far. And as this story shows, they deserve the harshest of consequences. The post Karen Purposefully Puts Coworker’s Health At Risk As She Doesn’t Believe They’re Sick, Gets Fired first appeared on Bored Panda.

Bored Panda

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Au pair charged in double homicide pleads guilty to manslaughter

A judge in Virginia has accepted a guilty plea in what prosecutors say was an elaborate double-murder scheme involving a Brazilian au pair, an IRS agent, a pediatric nurse and a man who had been lured into their home with promises of rough sex

The Independent UK

Harris Supporters in Texas Receive Threatening Flyers Signed By 'Grand Dragon of Trump Klan': You Are In 'Our National Database'

Police are investigating flyers left for Kamala Harris supporters, claiming they are in a "national database" and will be audited by the IRS when "Donald Trump assumes the Presidency again."

International Business Times

2025 Tax Deduction Change for Those Over Age 65

Adjustments to the extra standard deduction can impact the tax bills of millions of older adults.

Kiplinger

Adoption Tax Credit 2024: What You Need to Know

The federal adoption tax credit is slightly higher for 2024. Here’s what you can claim under the tax break designed to help grow your family.

Kiplinger

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Kamala Supporters in Texas Receive Threatening Flyers Signed By 'Grand Dragon of Trump Klan': You Are In 'Our National Database'

Police are investigating flyers left for Kamala Harris supporters, claiming they are in a "national database" and will be audited by the IRS when "Donald Trump assumes the Presidency again."

Latin Times

2025 tax year updates: New brackets, deductions & more

Tax brackets and standard deductions have increased for tax year 2025. Here's how it affects you.

The Street

New 2025 Estate Tax Exemption Announced

The IRS just increased the exemption as we enter what could be the final year of TCJA.

Kiplinger

IRS Unveils Higher Standard Deductions And New Tax Brackets For 2025

In addition to higher standard deductions, the IRS has proposed several other significant changes for 2025. Notable adjustments include updates to long-term capital gains brackets, estate and gift tax exemption limits, and eligibility criteria for the child tax credit.

Latin Times

IRS Announces Notable Changes Coming For Filing Taxes

Notable adjustments include updates to long-term capital gains brackets, estate and gift tax exemption limits and eligibility criteria for the child tax credit.

International Business Times

Limited Liability Companies (LLCs): How Assets Are Protected

An LLC can prevent problems with assets within the LLC from affecting assets outside the LLC, but there are limits to asset protection.

Kiplinger

IRS unveils new tax brackets: What changes mean for your money

The IRS has announced its new federal income tax brackets for 2025. Here's how you'll be impacted.

The Street

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The Independent UK

IRS ups typical tax deductions for 2025 - here is what it means for your bill from Uncle Sam

U.S. taxpayers will again see higher standard deductions for 2025, allowing them to shield more of their money from taxation on future returns

Kiplinger

New 2025 Child Tax Credit Announced: How Much Is It?

Explore the new IRS-adjusted amounts for popular family tax credits.

Kiplinger

The 2025 Standard Deduction Is Here

What is the standard deduction for your filing status in 2025?

Kiplinger

New 2025 Income Tax Brackets Are Set

The IRS has adjusted federal income tax bracket ranges for the 2025 tax year to account for inflation. Here's what you need to know now.

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Reason

The Religious Vote Is Waning—And That Could Spell Trouble for Trump

As millions of Christians plan to sit out the election, church leaders face tough choices about how to inspire their congregations without violating the law.

Texas Observer

Border 911: The Misinformation Network Profiting Off the ‘Invasion’ Narrative

Dark money and charity organizations led by former intelligence officers and ex-feds have been spreading propaganda and laying the groundwork for presidential election challenges.

Kiplinger

Want to Give Money to Your Adult Children? 10 Things You Should Know

It’s less taxing to give money to your adult children than you might think. A good plan can help you avoid certain pitfalls — and drama.

Kiplinger

Potential Ripple Effects of Taxing Unrealized Capital Gains

The proposed tax on unrealized gains would be limited to those with a net worth above $100 million, but some see a broad impact on markets and businesses.

The Guardian - US

The Satanic Temple is taking on the Christian right. It’s fun to watch

Recognized as a religion by the IRS, the group uses the religious right’s tactics, and their victories, against them

Kiplinger

Here's How to Find Your Way Out of the Inherited IRA Maze

To navigate complex rules on inherited IRAs and RMDs, start by breaking down key terms and common scenarios. A clearer picture of your next steps will emerge.

Kiplinger

Property Tax Relief on the Georgia Ballot as Early Voting Surges

Georgia voters will decide on an important measure that could cap property tax increases in the state.

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