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The Latest Breaking News from IRS

'The Economy Is Quite Booming'—Dave Ramsey Shuts Down Caller Blaming The Economy For Her Struggles. 'The Economics At Your House Suck'

When a recent caller tried to blame the economy for her family's million-dollar debt, Dave Ramsey fired back that it’s not the economy’s fault.

Benzinga · Dec 5, 2025

4 Smart Ways Retirees Can Give More to Charity, From a Financial Adviser

For retirees, tax efficiency and charitable giving should go hand in hand. After all, why not maximize your gifts and minimize the amount that goes to the IRS?

Kiplinger · Dec 5, 2025

10 Things You’re Not Allowed to Do With Lottery Money

We’ve all dreamed of winning the lottery. One day, you’re broke. Next, you’re holding millions in your hands. But the reality is that lottery money doesn’t give you unlimited freedom. There are laws, tax codes, and financial regulations that place strict limits on how you can use your winnings. In…

Clever Dude · Dec 4, 2025

From analysis to the latest developments in health,
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7 Tax Reporting Changes Hitting Seniors Who Do Gig Work in January

Gig work has become an important source of supplemental income for retirees. Driving for rideshare companies, freelancing online, or selling crafts provides flexibility and helps...

Saving Advice · Dec 4, 2025

Wolfspeed Just Got a $698 Million Lifeline—Here’s Why That Changes Everything

Wolfspeed secures a cash infusion from the IRS, fortifying the balance sheet and shifting the narrative from survival to focused operational execution.

MarketBeat · Dec 4, 2025

He Has 27 Rentals, Makes $15,000 A Month, But Hasn't Paid Taxes In A Decade. 'For A Guy Who Doesn't Pay Taxes, You Shouldn't Be This Broke'

Claud from Orlando, Florida, called into “The Ramsey Show” with a confession: he hasn't filed his federal taxes since 2016. Despite owning 27 rental properties and reportedly bringing in up to $15,000 a month, Claud is struggling with cash flow and facing a looming financial mess.

Benzinga · Dec 4, 2025

3 Year-End Tax Strategies for Retirees With $2 Million to $10 Million

To avoid the OBBB messing up your whole tax strategy, get your Roth conversions and charitable bunching done by year's end.

Kiplinger · Dec 4, 2025

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IRS Annual Limits 2026: '$24,500 Cap Won't Rescue Middle-Class Savings,' Experts Say

The IRS raises 2026 401(k) contribution limits to $24,500, but experts warn this increase won't solve the retirement savings crisis facing middle-income Americans.

International Business Times UK · Dec 4, 2025

The IRS Moves To Keep Its Cut of Porn Tips

The agency has proposed excluding tips received from "pornographic activity" from a new tipped wage deduction.

Reason · Dec 3, 2025

HMRC launches US-style ‘reward’ scheme for exposing tax dodgers

Successful whistleblowers could receive hundreds of thousands from the tax authority

The Independent UK · Dec 3, 2025

Trump's ICC Fears Heighten As He's Hit With Landmark Human Rights Complaint Over Deadly Raid

The first formal human-rights complaint against Trump's Caribbean boat strikes secures backing from a Colombian family.

International Business Times UK · Dec 3, 2025

The Affordability Con Job

Plus: Tennessee election results, Three Mile Island controversy, immigration enforcement will hit Somali community, and more...

Reason · Dec 3, 2025

Revealed: US veterans affairs to share immigration data about non-citizen workers with ‘appropriate agencies’

Exclusive: The move prompts fears the data will be sent to ICE to further the Trump administration’s immigration crackdown

The Guardian - US · Dec 3, 2025

Elizabeth Warren Has A Prophecy About The 2026 Tax Season, Says Demise Of Direct File Means 'Huge Profits' For Some And Americans Getting Ripped Off

Sen. Elizabeth Warren (D-Mass.) on Tuesday blasted expected price hikes from tax-prep giants TurboTax and HR Block, blaming Trump administration policies that killed the IRS's free Direct File system and layered on new Republican tax breaks that make filing more complicated for millions of Americans.

Benzinga · Dec 3, 2025

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International Business Times UK · Dec 3, 2025

IRS OnlyFans Crackdown: Yoga and Cooking Channels at Risk of 'Porn' Label, Accountants Warn

Federal regulators ban 'pornographic activity' from tax-free tips but provide no definition, leaving yoga instructors, chefs, and creators vulnerable to IRS audits.

Saving Advice · Dec 2, 2025

7 IRS Rule Changes Affecting Retiree Withholding Early in the Year

Taxes are a reality for retirees, even those living on fixed incomes. Withholding rules determine how much money is taken out of Social Security, pensions,...

GOBankingRates · Dec 2, 2025

4 Moves Retirees Need To Make Now To Prepare for 2026 Tax Rules

Tax law changes every now and again, so it's good to keep abreast of the new updates that might affect your life. Even if you're retired, some recent changes to income tax brackets and tax deductions...

The Independent UK · Dec 2, 2025

5 Financial To-Dos Before the End of 2025

Set yourself up for success as the year winds down

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news in one place.

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The Independent UK · Dec 2, 2025

IRS agents will be required to watch OnlyFans to determine if content fits ‘no tax on tips’ criteria

Campaigners have claimed that defining what pornography actually is could be too difficult to determine whether OnlyFans creators should be exempted from the ‘no tax on tips’ law

Thousandaire · Dec 1, 2025

The Hidden Tax Trap That Turns Your $10,000 Side Hustle Into a $4,000 Surprise Bill

Picture this: you’ve finally cracked the code. Your freelance gig, whether it’s designing logos, editing podcasts, or ghostwriting blog posts, pulls in a cool $10,000 this year. You’re high‑fiving yourself, imagining new gear, maybe a vacation, or just the sweet relief of not living invoice to invoice. Then tax season…

Thousandaire · Dec 1, 2025

The One Crypto Change That’s Making Small Investors the IRS’s New Favorite Target

Crypto once felt like the Wild West, with anonymous wallets, digital freedom, and no middlemen in sight. For years, small investors rode the wave, dabbling in Bitcoin or Ethereum and even flipping NFTs, all under the quiet assumption that the IRS wasn’t watching too closely. That illusion has now collapsed,…

Kiplinger · Dec 1, 2025

How Are I Bonds Taxed? 8 Common Situations to Know for 2026

Series I U.S. savings bonds are a popular investment, but the federal income tax consequences are anything but straightforward.

Benzinga · Dec 1, 2025

After Eliminating 25% Of Its Staff, The IRS Is Turning To AI Agents. 'It Would Be Negligence' Not To Use AI Tools

The IRS laid off or lost a quarter of its workforce between January and May, dropping from 103,000 to around 77,000 employees, according to the October Treasury Inspector General for Tax Administration report. Now, it’s turning to artificial intelligence to help fill the gaps.

Saving Advice · Nov 30, 2025

Did Your Employer Just Change Your Matching Contribution to Roth?

Many workers recently discovered that their employer’s matching contributions are no longer going into traditional pre-tax accounts but instead into Roth accounts. This change may...

Kiplinger · Nov 30, 2025

New 2026 Tax Change Could Mean More for Your IRA and 401(k) Savings

Here's how the new IRS inflation adjustments will increase the contribution limits for your 401(k) and IRA in the new year.

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