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The Latest Breaking News from IRS

8 Retirement Side Hustles the IRS Is Quietly Watching This Year

Side hustles are no longer just for millennials trying to crush student debt—retirees are getting in on the action, too. From freelancing to flipping furniture, older Americans are using side gigs to supplement Social Security and savings. But there’s one big catch: the IRS is watching. In recent years, the…

Clever Dude

What Happens If You Use Retirement Funds to Pay Off Credit Cards

Credit card debt can feel like a heavy weight. The interest piles up, and the balance never seems to shrink. When you’re staring at a...

Saving Advice

This Tech Upgrade Could Save Investors Thousands in Taxes—Automatically

Artificial intelligence is taking over tax preparation at major brokerage houses, easing the burden on small and large investors. That means less time poring through spreadsheets, looking to save pennies, and more time growing long-term assets.

Benzinga

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5 Retirement Accounts That Can Be Frozen Without Advance Warning

Retirement accounts are supposed to be safe places for your money. You work hard, save, and expect those funds to be there when you need them. But what if you woke up one day and found your retirement account frozen? It happens more often than you might think, and it…

Clever Dude

Coinbase Legal Head Vows To 'Continue The Fight' After Supreme Court Rejects Appeal To Block IRS From Accessing User Data

The Supreme Court rejected Monday an appeal to block the Internal Revenue Service from accessing Coinbase Global Inc.'s (NASDAQ:COIN) user data.

Benzinga

Thom Tillis Pulls Out Of 2026 Re-Election Run After Saying He 'Cannot Support' Trump-Backed 'One Big Beautiful Bill', President Calls It 'Great News'

Sen. Thom Tillis (R-N.C.) said Sunday he will not run again in 2026, a decision that landed less than 24 hours after he crossed President Donald Trump on a marquee tax-and-immigration bill and drew an instant primary threat.

Benzinga

Congressman Says 'Nobody Asked For The IRS To Be Americans' Tax Preparer,' Applauds Efforts To Shut Down The IRS Direct File Program

Rep. Jason Smith (R-MO) is celebrating the House-passed bill that would shut down the Internal Revenue Service Direct File program, a free federal tool that allows Americans to file taxes online without paying private companies.

Benzinga

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Bitcoin and crypto investors hit with flood of IRS letters, say tax experts

Crypto tax platform CoinLedger cites a ninefold increase in users asking about IRS letters.

Fortune

Why Crypto Investors Are Receiving Internal Revenue Service Warning Letters

According to CoinLedger CEO David Kemmerer, thousands of U.S. crypto investors have recently received warning letters from the Internal Revenue Service (IRS), marking a significant escalation in the agency's efforts to enforce tax compliance in digital assets.

Benzinga

10 Tax Questions Too Embarrassing to Ask Your Accountant

Tax season can feel like a pop quiz you never studied for, and sometimes the questions swirling in your head seem too awkward to say out loud. Maybe you’re worried your accountant will judge you, or perhaps you think you should already know the answer. The truth? Everyone has embarrassing…

The Free Financial Advisor

The Weirdest Things People Have Tried to Write Off on Their Taxes

Filing taxes can be stressful, confusing, and sometimes even a little funny. Every year, people look for ways to lower their tax bills, and some...

Saving Advice

The Financial Partners Founder On How Smart Business Leaders Are Building Tax-Free Wealth Using Other People's Money

Michael (Mike) Smith, Managing Partner and founder of The Financial Partners Group (TFP), believes more business owners and high earners should be asking.

International Business Times

What is the IRMAA (Income-Related Monthly Adjustment Amount)?

IRMAA is a surcharge added to your Medicare Part B and Medicare Part D prescription drug coverage premiums if your income is above a certain level. Here's what you need to know.

Kiplinger

No Social Security Tax Changes in Trump’s 'Big Bill'? What Retirees Need to Know

Eliminating taxes on Social Security benefits is missing from President Trump’s tax overhaul. Here’s why and what an alternative offering could mean for retirement taxes.

Kiplinger

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The Independent UK

Trump may have just compromised Israeli secrets – again

ANALYSIS: Donald Trump used the Nato summit to suggest that Israeli agents are on the ground at Iran’s nuclear facilities – it’s not the first time he's blurted secrets, writes world affairs editor Sam Kiley from Tel Aviv

The Independent UK

Kennedy's new vaccine advisers meet for first time

U.S. Health Secretary Robert F

The Independent UK

Trump's budget bill could complicate 2026 tax filing season after IRS cuts, watchdog warns

The budget bill championed by President Donald Trump could complicate next year’s tax filing season after the IRS lost one-quarter of its employees through staffing cuts

Saving Advice

6 Surprising Things That Are Actually Taxable

Taxes are a part of life, but most people only think about their paycheck or maybe a side hustle when tax season rolls around. The...

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news in one place.

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Benzinga

'I Assumed It Was A Scam Letter At First!' Social Security Claims Woman Was Overpaid By $20,491 After Making $275K Last Year

When a retiree received a letter from the Social Security Administration claiming she owed over $20,000 due to excess income in 2024, her family thought it had to be a scam. The letter stated she earned $275,367 during the year — an amount her family says is impossible. The woman…

Tom’s Guide

7 online scams that can leave you broke, exposed, and feeling helpless — how to stay safe

Scammers are constantly switching up their tactics to get you to fall for their tricks, which is why knowing how to spot an online scam has never been more important.

Kiplinger

Think Twice Before You Tap Your 401(k) Early

Penalty-free distributions have become more accessible, but they can be detrimental to your retirement security.

International Business Times UK

$1000 Monthly Stimulus Cheque Planned for the US in 2025? Who Qualifies and What's the Mechanism?

California's Abundant Birth Project offers £800 ($1000) monthly to pregnant women, tackling financial stress and improving birth outcomes. Learn who qualifies and how it works

Clever Dude

6 Millionaires Who Exploited Loopholes to Avoid Taxes

Tax season is when the average American tightens their belt, digs through receipts, and hopes for a decent refund. For the ultra-wealthy, however, it’s a whole different game—one that often involves complex strategies, high-powered accountants, and the ability to legally dodge what most people consider a civic duty. The rich…

Kiplinger

Divorce and Your Home: An Expert's Guide to Avoiding a Tax Bomb

Your home is probably your biggest asset, so if you're getting a divorce, the stakes are high. Keep it? Sell it? You need to have a good plan in place for how to handle it.

Clever Dude

12 Government Policies That Quietly Protect the Wealthy

In the grand theater of politics, much of the focus is placed on helping the middle class and uplifting the poor. Speeches are filled with promises of fairness, equality, and opportunity. But behind the curtains, there exists a series of policies that do the exact opposite.

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