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The Latest Breaking News from IRS

2025 SCOTUS Decisions That Could Affect Your Wallet

How Supreme Court decisions could change your bank account.

GOBankingRates · Aug 19, 2025

'No Tax On Tips' Sounds Great — But Workers Warn It May Be 'Too Good To Be True'

A new federal tax break promises to put more money in the pockets of tipped workers, but some in the service industry say they're cautious about celebrating just yet.

Benzinga · Aug 19, 2025

Solar Stocks Rally: First Solar, ETFs Bask In Treasury Tax Boost

Solar shares rebounded this week after the U.S. Treasury and IRS issued new tax credit guidance that alters the way clean-energy projects qualify for subsidies. The rally was led by First Solar (NASDAQ:FSLR), which surged after the agencies eliminated the long-standing “5% safe harbor” rule on large-scale projects. Smaller systems…

Benzinga · Aug 18, 2025

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First Solar (FSLR) Stock Surges On New Treasury Tax Credit Rules

Shares of First Solar Inc (NASDAQ:FSLR) are trading higher Monday afternoon and have posted gains over the past week, following new guidance from the Treasury Department and IRS concerning tax credits for clean energy projects. Here’s what investors need to know.

Benzinga · Aug 18, 2025

7 Things You Should Never Send on Peer‑to‑Peer Money Apps

Peer-to-peer (P2P) money apps like Zelle, Venmo, and Cash App have revolutionized the way we exchange money. Splitting a dinner bill or paying a friend back for concert tickets is now as easy as tapping a few buttons on your phone. But this convenience comes with significant risks. These platforms…

Budget and the Bees · Aug 18, 2025

9 Reasons Moving Out Could Lead to Hidden Tax Bills

Moving to a new home is an exciting milestone, but it’s also a major financial event with complex tax implications that most people overlook. While you’re focused on packing boxes and hiring movers, the IRS and state tax agencies are watching. Many common actions taken during a move can trigger…

Budget and the Bees · Aug 18, 2025

10 Purchases You Should Never Put on a Credit Card

Credit cards can be powerful financial tools when used wisely, offering rewards, convenience, and fraud protection. However, they can also be dangerous when swiped for the wrong purchases. Many people fall into the trap of using credit for items that quickly lead to high-interest debt and financial stress. Knowing which…

Clever Dude · Aug 17, 2025

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6 IRS Letters That Could Signal Trouble — Even If You Think You Filed Correctly

Few things create more anxiety than receiving unexpected mail from the IRS. Even if you are confident your tax return was accurate and submitted on time, certain notices can indicate potential problems. These letters often require a timely response and may involve additional documentation, payments, or explanations. Knowing the meaning…

The Free Financial Advisor · Aug 17, 2025

Are You Losing Money Because of Scary Refund Delays?

Waiting for a refund can be more stressful than you expect. Whether it’s from the IRS, a retailer, or a service provider, scary refund delays can actually cost you money. Not only do you lose access to your cash, but you may also face missed opportunities or extra expenses. Many…

The Free Financial Advisor · Aug 17, 2025

10 Public Records That Anyone Can Access About Your Finances

Your financial history is more public than you might think. Many details about your money life are available for anyone to access through public records....

Saving Advice · Aug 17, 2025

Why Some Senior Tax Credits Disappear Once You File Jointly

For many older couples, filing a joint tax return seems like the most logical choice. It often comes with a lower overall tax rate and simplified paperwork. However, the decision can also trigger an unpleasant surprise — certain valuable tax credits may shrink or vanish entirely. Understanding why some senior…

The Free Financial Advisor · Aug 16, 2025

6 Reasons the IRS Is Flagging More Trusts in 2025

Trusts have long been a reliable tool for managing assets, reducing taxes, and protecting wealth for future generations. However, the IRS is increasing its focus on trust reporting and compliance, meaning more trust arrangements are being reviewed than in previous years. For trustees, beneficiaries, and grantors, this shift can have…

The Free Financial Advisor · Aug 16, 2025

Why That Gifted Jewelry Could Trigger Estate Tax in 2025

Picture this: a sparkling diamond necklace passed down from grandma, wrapped in tissue paper, handed over at a birthday party. Everyone’s beaming, the champagne’s flowing—then the IRS shows up. Not literally, of course, but financially speaking, they might as well be. In 2025, a massive shift in federal tax law…

Everybody Loves Your Money · Aug 16, 2025

Fact Check: Viral Stimulus Check Claims for Summer Are False, IRS Will Not Send New Checks This Summer

The federal government has confirmed that it will not be issuing new stimulus checks this summer, debunking circulating online rumors.

Benzinga · Aug 16, 2025

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The Free Financial Advisor · Aug 16, 2025

6 Tools That Shouldn’t Be Linked to Retirement Accounts

Your retirement accounts are meant to fund your future, not to play host to every financial tool you encounter. The tools you choose for these accounts can make or break your long-term growth. Some products simply don’t belong in retirement accounts and can actually hurt your nest egg. The wrong…

The Free Financial Advisor · Aug 16, 2025

9 Lifetime Penalties Tied to Early Retirement Withdrawals

Thinking about dipping into your retirement savings before you hit the official retirement age? It can be tempting, especially when life throws unexpected expenses your way. But early retirement withdrawals often come with more than just a simple tax bill. There are hidden and not-so-hidden penalties that can follow you…

International Business Times UK · Aug 15, 2025

Is the $1390 Stimulus Check a Hoax? IRS and Congress Make No Announcement Despite Social Media Rumours

Social media is buzzing with claims of a new $1,390 stimulus cheque, but the IRS and Congress have made no such announcement. Officials warn Americans to be wary of online hoaxes and misinformation.

Saving Advice · Aug 15, 2025

7 Family “Loans” That Are Actually Legal Nightmares

When money changes hands between family members, it often comes with good intentions and bad paperwork. What starts as a simple gesture–helping your adult child...

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The Free Financial Advisor · Aug 15, 2025

What Happens if You Use Tax Software After Fraudulent Activity?

If you’ve ever worried about tax fraud, you’re not alone. Tax fraud can happen to anyone, and it’s a real headache. Maybe you found out someone used your Social Security number. Maybe you noticed a strange tax return filed in your name. Now, you’re wondering: what happens if you use…

Budget and the Bees · Aug 15, 2025

Growing Online Scam Trends Are Now Targeting Seniors with Government-Impersonation Scams

For many senior citizens, a call or email from a government agency like the Social Security Administration or the IRS commands immediate attention and respect. Scammers know this, and they are exploiting that trust in a wave of sophisticated new attacks. These modern government-impersonation scams have moved beyond simple phone…

The Free Financial Advisor · Aug 15, 2025

10 Financial Penalties Triggered Late in the Year

Staying on top of your finances is tough, especially as the year winds down. The holidays, travel, and last-minute expenses can distract anyone. But missing key deadlines or forgetting about certain rules can cost you. Some financial penalties only show up late in the year, and they can hit your…

Kiplinger · Aug 15, 2025

Ask the Editor, August 15: Tax Questions on the OBBB, Tax Rates

In this week's Ask the Editor Q&A, we answer tax questions from readers on the OBBB and changes, if any, to tax rates.

GOBankingRates · Aug 15, 2025

What the Big Beautiful Bill Means for You: New IRS Guidelines Break It Down

If you're confused about what the Big Beautiful Bill means for you, we breakdown the new guidance below.

Saving Advice · Aug 15, 2025

The IRS Can Now Touch More Than Your Bank Account: Here’s What You Should Know

Most people know the IRS can take money from a bank account when someone fails to pay federal taxes. What many taxpayers don’t realize is...

Saving Advice · Aug 14, 2025

9 Triggers That Can Lead to an IRS Review After Age 65

Turning 65 often marks a major shift in financial life. Retirement income replaces wages, Social Security starts paying out, and Medicare becomes a primary form...

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