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The Latest Breaking News from IRS

Most Seniors Miss This IRS Mileage Write-Off—Are You Losing Money on Medical Trips?

If you’re driving to doctor appointments, physical therapy, or even picking up prescriptions, you could be quietly missing out on a valuable tax break. Many...

Saving Advice

This One Tax Form Is Helping Seniors Keep More of Their Income—Here’s How

If you’re over 65, there’s a good chance you could be leaving money on the table without even realizing it. A little-known tax tool—Form 1040-SR—is...

Saving Advice

5 Popular Side Gigs That Cross the $600 Tax Reporting Threshold

Here are some of the most popular hustles that can easily hit that $600 level.

GOBankingRates

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How 2026's Surge in First-Time Bettors and New IRS Rules Are Shifting World Cup Odds

When deciding where to place your 2026 World Cup bet, new data suggests you might want to avoid team favorites, especially since gambling winnings will be taxed higher this year.

Kiplinger

The Paycheck Gaps Most Workers Don’t Notice Until Tax Time

The "paycheck gap" refers to gross pay versus net pay -- or what workers think they're earning on paper versus what they're actually keeping after paying taxes to the IRS, according to Andrew Latham,...

GOBankingRates

5 Mistakes Freelancers Make That Could Trigger an IRS Audit

By avoiding these common mistakes, freelancers can make their tax return less likely to be flagged for further scrutiny and protect hard-earned profits.

GOBankingRates

Top Tax Tips To (Legally) Beat the IRS by Age, According to ‘The Money Guy Show’

Hanson and Preston broke down their best pieces of advice for those of all ages and all walks of life, when it comes to "beating" the IRS fair and square.

GOBankingRates

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This New Tax Law Could Cut Your Taxes—But Only If You Know These Rules

Tax season just got more complicated, but also more rewarding for those who understand the changes. A sweeping new law has introduced a range of...

Saving Advice

Side Hustle or Second Job? How Extra Income Could Backfire on Your Taxes If You’re Not Careful

Extra income can make tax time more complicated. Learn how self-employment taxes work and discover expert strategies to protect your hard-earned profits.

GOBankingRates

Missing This Tax Deadline Costs Filers an Extra $435 on Average

A commonly missed tax deadline can trigger late fees and penalties that add up to $435 on average. Here’s what filers overlook and how to avoid paying more.

GOBankingRates

Trump’s hyped $1,000 tax bonanza claim crashes and burns, leaving everyday Americans with an embarrassingly small sum

Americans expecting a significant boost to their tax refunds this season, following President Donald Trump’s claims of the ‘largest tax refund season of all time,’ are actually seeing a more modest increase than initially hyped. According to UNILAD, a March 20, 2026, report from the IRS indicates that the average…

The Mary Sue

What Happens if You Forget an RMD? The Costly Consequences Explained

The idea of forgetting something important rarely sparks panic—until that “something” comes with a hefty tax penalty attached. Required Minimum Distributions, better known as RMDs, don’t sit quietly in the background. They demand attention, precision, and timing, and the moment someone misses one, the consequences arrive fast and loud. No…

The Free Financial Advisor

What Happens After Your Identity Is Stolen—And Why It’s Harder to Fix Than You Think

Identity theft isn’t just a quick inconvenience—it can turn into a months-long, sometimes years-long battle to reclaim your financial life. Many people assume that once...

Saving Advice

Tax Day Is 9 April, Not 15 April For Paper Filers: This USPS Rule Change Traps Millions

A USPS postmark rule change means US paper tax filers must mail their returns by 9 April 2026, not 15 April, or risk being marked late.

International Business Times UK

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International Business Times UK

The Costly 401(k) Mistake Retirees Make When Paying IRS Bills And Why It Backfires

There are multiple ways retirees can manage IRS tax notices without depleting their 401(k) savings and falling into higher tax brackets.

GOBankingRates

7 Free Filing Options You May Not Realize Are Available to You (Yes, Even If You Have Side Income)

Quite a few free options are available from the IRS and other organizations. In some cases, you can even file for free with a side income.

GOBankingRates

New IRS Rules Are Live: Which Households Win — and Lose — Most

Here's a look at how these two primary changes will affect taxpayers in 2026.

Saving Advice

Seniors 65+ Could Claim a $6,000 Tax Break — But Most Don’t Know How It Works

If you’re 65 or older, there’s a new tax break that could quietly save you thousands—but many seniors don’t even realize it exists yet. Starting...

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Fortune

H&R Block is betting it can be more than a tax company

H&R Block wants to play a bigger role in Americans’ financial lives.

Everybody Loves Your Money

Got Your First Credit Card? 9 Costly Mistakes Most People Don’t Realize Until It’s Too Late

The moment that shiny new credit card lands in hand, it feels like unlocking a level in a game that everyone else already knows how to play. There’s power in that little piece of plastic, but there’s also risk baked into every swipe. One wrong move doesn’t just cost a…

The Free Financial Advisor

How a Small Mistake on Your Tax Form Can Spiral Into Big Trouble

The moment that tax return gets submitted, a clock starts ticking. Numbers lock into place, records get stored, and suddenly every detail carries weight. A single incorrect digit or missed form does not just sit quietly in a system—it sets off a chain reaction that can grow faster than expected.…

International Business Times UK

What Really Happens If You Miss the 2026 Tax Deadline?

Avoid costly penalties and interest by understanding the consequences of missing the 2026 tax deadline. Learn how IRS enforcement actions can escalate and discover strategies to manage your tax obligations effectively.

GOBankingRates

Why You May Owe the IRS in 2026 — Even If You Never Have Before

More Americans may owe unexpected taxes in 2026. Here’s what’s driving the surprise — and smart steps to take if you can’t pay.

The Free Financial Advisor

Penalty Traps: Everyday Actions That Trigger IRS Fines

The word “penalty” hits like a brick when it shows up next to a dollar sign. Nothing ruins a perfectly normal day faster than discovering that a simple oversight turned into a fine that grows by the minute. Taxes don’t just demand attention once a year—they expect discipline, accuracy, and…

International Business Times UK

Wall Street Giants Join Forces For Trump Accounts App — $1,000 Offer Draws Millions

The US Treasury Department has designated BNY Mellon as the financial agent for Trump accounts. BNY will collaborate with Robinhood to develop a new app for these accounts, slated to launch on 4th July.

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