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The Latest Breaking News from IRS

8 Psychological Tricks Scammers Use to Get You to Say “Yes”

You might get an urgent text from your bank or see a pop-up that warns your computer is infected. In another common scenario, someone calls claiming to be from the IRS, demanding immediate payment. Your logical brain knows something is wrong. Yet, you feel a powerful urge to comply. Why…

Budget and the Bees · Sep 9, 2025

IRS in Turmoil: GOP Budget Cuts and Staff Shake-Ups Threaten Taxpayer Services

Republican lawmakers advance a controversial budget bill that would gut IRS funding further, risking your 2026 tax filing season.

Kiplinger · Sep 9, 2025

8 Forgotten Workplace Deductions Employees Rarely Claim

Tax season has a way of sneaking up and draining all the energy out of the room. For most employees, the routine is simple: gather W-2s, maybe throw in a few charitable receipts, and hope the refund fairy drops a little extra cash in the bank account.

Everybody Loves Your Money · Sep 9, 2025

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read the most diverse news in one place.

I Asked ChatGPT How To Find More Stimulus Funds: Here’s What It Said

ChatGPT explained where to find stimulus money in 2025, from state rebates to federal tax credits. Here's the AI's complete guide to financial relief.

GOBankingRates · Sep 8, 2025

Why Do Rich Families Keep Money Offshore

When you hear about rich families keeping money offshore, it might sound mysterious or even suspicious. But this practice has been around for decades, and it’s not just about hiding wealth. Offshore banking and investing can serve several practical purposes, especially for those who have significant assets and complex financial…

The Free Financial Advisor · Sep 8, 2025

What Happens When Taxes Change After You Retire

Retirement is an exciting milestone, but it doesn’t mean you’re done dealing with taxes. In fact, tax laws can shift after you leave the workforce, and those changes can directly impact your retirement income. Understanding what happens when taxes change after you retire is essential for protecting your nest egg…

The Free Financial Advisor · Sep 8, 2025

'Rich' Tricks to Volunteer and Donate in Retirement

There may be some tax benefits to giving back in retirement.

Kiplinger · Sep 7, 2025

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My wife sold her engagement ring to pay our tax bill. It led to my PhD and my career tackling the student-debt crisis

An engagement ring changed my life, but not only the way you might think.

Fortune · Sep 7, 2025

3 Social Security Penalties High Earners Shouldn’t Ignore

High earners pay more into Social Security, get less back, see lower income replacement rates and face higher benefit taxes as income rises.

GOBankingRates · Sep 7, 2025

Could Chasing Tax Breaks Be More Harmful Than Helpful

When tax season comes around, many people scramble to find ways to lower their taxable income. From new deductions to investment strategies, the pursuit of savings often feels like a smart move. But could chasing tax breaks be more harmful than helpful? In some cases, focusing too heavily on short-term…

The Free Financial Advisor · Sep 6, 2025

An IRS Enrolled Agent's Top 10 Reasons to Stop Doing Your Own Taxes

Taxes can get complicated quickly, and the more money you have, the tougher they tend to be. So, if you have any of these 10 tax situations, don't risk it.

Kiplinger · Sep 6, 2025

What Happens When You Leave Old 401(k)s Behind at Former Jobs

Leaving a job can feel like closing a chapter, but your old 401(k) doesn’t just disappear when you walk out the door. Many people forget about their retirement accounts at previous employers, assuming the money will keep growing quietly. However, ignoring these accounts can create problems down the line. Fees…

The Free Financial Advisor · Sep 5, 2025

Why Some Nonprofits Are Losing Tax-Exempt Status in 2025

The nonprofit world is buzzing, and not in a good way. Across the United States, organizations that once proudly wore the badge of tax-exempt status are now watching it slip through their fingers. The year 2025 has brought a perfect storm of rule changes, compliance crackdowns, and IRS enforcement that’s…

Everybody Loves Your Money · Sep 5, 2025

How Can Cash Gifts Trigger Unexpected Tax Bills

Giving money to loved ones often feels like the simplest and most generous act you can do. Whether it’s helping a child with college tuition, giving newlyweds a boost, or assisting family members during tough times, cash gifts are a common way to show support. Yet many people don’t realize…

The Free Financial Advisor · Sep 5, 2025

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The Free Financial Advisor · Sep 5, 2025

Could Rising Property Taxes Quietly Push People Out of Their Homes

For many families, owning a home represents stability, security, and the reward of years of hard work. Yet what some don’t expect is that the costs of ownership continue long after the mortgage is paid. One expense in particular—property taxes—has steadily increased in many parts of the country, catching homeowners…

The Free Financial Advisor · Sep 4, 2025

Why Do Some Retirees End Up Paying Taxes Twice on the Same Money

Many retirees look forward to living on their nest egg, only to be surprised by unexpected tax bills. One of the most frustrating situations is paying taxes twice on the same money. Double taxation can quietly chip away at your retirement savings, leaving you with less than you planned. Understanding…

Kiplinger · Sep 4, 2025

New $6,000 'Senior Bonus' Deduction: What It Means for Taxpayers Age 65 and Older

If you’re an older adult, a new bonus tax deduction could provide a valuable tax benefit. Here's how it works.

Kiplinger · Sep 4, 2025

Claiming the Standard Deduction? Here Are Ten Tax Breaks For Middle-Class Families in 2025

Working middle-income Americans won’t need to itemize to claim these tax deductions and credits — if you qualify.

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The Free Financial Advisor · Sep 4, 2025

Why Do So Many Middle-Class Families Struggle With Inheritance Taxes

For many families, inheriting a home, savings, or small business from a loved one should feel like a blessing. Yet what often happens instead is stress and financial strain caused by complicated tax rules. Middle-class families frequently discover that the assets they’ve inherited come with hidden costs that are difficult…

Kiplinger · Sep 3, 2025

Over Age 65? New $6,000 'Senior Bonus' Deduction Is Available Even If You Itemize

If you’re an older adult, a new bonus tax deduction could provide a valuable tax benefit. Here's how it works.

Kiplinger · Sep 3, 2025

7 Mistakes to Avoid When You First Start Investing

Investing promises the opportunity to build wealth, but there are plenty of potential pitfalls. Here are seven mistakes to avoid when you first start investing.

Everybody Loves Your Money · Sep 3, 2025

The Real Consequences of Cosigning Loans in 2025

Cosigning a loan sounds harmless at first—just a quick signature to help someone else land a car, an apartment, or a shiny new credit card. But in 2025, with inflation still pushing prices sky-high and lending rules tightening, cosigning has never been riskier. A pen stroke can link your financial…

Kiplinger · Sep 3, 2025

I'm 58 and Just Sold Some Stock to Lock in Gains. I Made a Killing, But I'll Have a Big Tax Bill. What's My Next Move?

We ask financial planning experts for advice.

International Business Times · Sep 1, 2025

Ex-IRS Agents Share Critical Insight on False IRS Tax Relief Marketing & How Individual and Business Taxpayers in Crisis Can Protect Themselves

At MD Sullivan Tax Group, Sullivan and Salinger take a fundamentally different approach. With decades of experience inside the IRS, they know how the Offer in Compromise (OIC) program truly works, because they have worked it.

The Free Financial Advisor · Sep 1, 2025

8 Times Cutting Corners Created Bigger Financial Disasters

Most people want to save money, but sometimes cutting corners backfires. Skipping important steps or choosing the cheapest option can lead to much bigger financial disasters down the road. Whether it’s home repairs, insurance, or business decisions, the urge to save a quick buck often results in long-term costs. These…

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