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The Latest Breaking News from IRS

5 Tax Breaks Stay-at-Home Spouses Can Use To Save the Household Money

Stay-at-home spouses may qualify for valuable tax breaks that lower the family tax bill. Here are five ways households can save more money at tax time.

GOBankingRates

6 Government Funds Grandparents Need To Know About (Especially If You Babysit for Free)

Here are six benefits grandparents should know about.

GOBankingRates

3 Things To Do Right Now If You’re Behind on Your Taxes

Running out of time to file your taxes? Here are three smart steps to take now if you’re behind on your taxes -- including IRS accounts and extensions.

GOBankingRates

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If You Make Under $50K, You May Qualify for These IRS Tax Credits

If you earn less than $50,000, you may qualify for a number of IRS tax credits targeting low- and middle-income households.

GOBankingRates

IRS Rules Explained: When Pets, Beer, and Even Body Oil Can Be Legal Tax Write-Offs

When most people think about tax deductions, they picture things like mortgage interest or charitable donations. They don’t think of pet food, beer, or body...

Saving Advice

6 Hidden Triggers That Freeze Your Tax Refund – and How To Get it Released

Nothing tests patience quite like a tax refund that simply refuses to show up. One minute, everything looks filed and finished, and the next minute, the refund tracker stalls out like a car stuck in mud. That silence from the system starts to feel suspicious fast, especially when plans already…

The Free Financial Advisor

Filing Late? Here’s What the IRS Actually Charges After the April Deadline

It hits fast and without mercy: the calendar flips past April, and suddenly the IRS stops being polite and starts getting expensive. No gentle reminders, no grace period wrapped in a bow—just a system that begins stacking penalties the moment a return goes missing. That might sound dramatic, but the…

Everybody Loves Your Money

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IRS Scam Alert: Ask This One Question Before You Pay—Most Callers Can’t Answer It

An unexpected phone call can flip a calm afternoon into a full-blown panic in seconds. The voice on the other end sounds serious, urgent, and just official enough to make anyone pause mid-step. The message lands hard and fast: unpaid taxes, legal trouble, immediate payment required. Suddenly, everything else fades…

Clever Dude

I Asked ChatGPT How To Maximize My Business Taxes and Save Thousands

I asked ChatGPT a simple question: How can business owners maximize their taxes and save thousands of dollars right now? Here's what it said.

GOBankingRates

What Happens To Your 2025 Taxes If You Retired but Returned to Work?

Going back to work in retirement can mean changes at tax time. Learn how that extra income might alter your obligations and what to expect when you file.

GOBankingRates

What gig workers and employees who get tips need to know about the new no-tax-on-tips tax break

About 1 in 10 American workers are earning a living as a gig worker. That means they find their customers through Lyft, DoorDash, TaskRabbit and other digital platforms, or do another form of what the IRS and others call “on-demand work.”

The Conversation

HMRC £50,000 Tax Rule Starts April 2026 as Questions Grow Over Who Needs to Pay

Discover how the new Making Tax Digital for Income Tax affects UK self-employed workers and landlords with income above £50,000, starting April 2026.

International Business Times UK

Why DOGE's legacy is hard to measure

Also: All the news and watercooler chat from Fortune.

Fortune

Gen X Parents: 3 Tax-Time Moves That Could Keep More Money in Your Pocket

Here are three tax-time moves Gen X needs to know about.

GOBankingRates

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International Business Times UK

Social Security Scams: Why Officials Issued a Warning for Retirees and Who Is at Risk

Authorities warn of rising Social Security scams, urging retirees to stay alert as fraudsters use convincing tactics to steal money.

Saving Advice

Claiming Elderly Parents As Dependents: What If They Get Social Security?

If you’re helping support an aging parent, you might be leaving money on the table at tax time. Many people assume that once a parent...

The Free Financial Advisor

Direct Deposit Refunds Are Being Returned by Banks When Names Don’t Match the Account

Ever sent a payment into what you thought was a secure financial space, only to have it spit right back at you? That’s exactly what’s happening with direct deposit refunds lately. Banks across the country have started returning refunds when the name on the payment doesn’t exactly match the name…

GOBankingRates

The Self-Employment Tax Shock Many Retirees Don’t See Coming

Retirees, especially those who had W-2 jobs during their working lives, might be surprised to learn how much tax they owe on these earnings.

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GOBankingRates

5 Expenses You Can Still Deduct in 2026 — Even If You Take the Standard Deduction

While above-the-line adjustments are available to those who itemize and those who take standard deduction, there are possible limitations for some taxpayers.

GOBankingRates

I Asked ChatGPT What Happens If You File Your Taxes Late — Here’s What It Said

ChatGPT reveals what happens if you miss the tax filing deadline and how it could affect your refund and finances.

GOBankingRates

I Asked ChatGPT What Would Happen If the US Taxed SNAP Benefits: The Answer Shocked Me

If SNAP benefits were taxed as income, what would happen? Here’s what ChatGPT says might happen, including shrinking grocery buying power. Find out more.

The Free Financial Advisor

Why Every Newly Married Woman Should Update Her Social Security Record Right Away

The wedding may be over, the dress carefully packed away, and the thank-you notes finally sent—but one tiny administrative task still carries massive importance. Updating a Social Security record after marriage does not exactly scream excitement, yet it quietly holds the power to protect future benefits, avoid frustrating delays, and…

GOBankingRates

The 5 Tax Mistakes Costing Americans an Extra $500 to $3,200 Per Year

From overlooked deductions to misreported investment income, tax professionals described the five tax mistakes that could cost thousands of dollars each year.

GOBankingRates

I’m an Accountant: The Most Common Tax Moves That Trigger Extra Scrutiny

An accountant explained to GOBankingRates common moves that can trigger IRS audits, including income mismatches, inflated deductions and rounded numbers.

Saving Advice

The ‘Quarterly Trap’: Why So Many New Retirees Are Getting IRS Underpayment Notices

Retirement is supposed to simplify your life, but for many new retirees, it’s doing the opposite when tax season rolls around. Instead of a clean...

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