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The Latest Breaking News from IRS

IRS Reports 29% Decrease In Average Tax Refunds For 2024

IRS notes a 29% drop in average tax refunds for 2024, citing factors like refund delays and inflation adjustments.

International Business Times

How the IRS Taxes Retirement Income

It's important to know how common sources of retirement income are taxed.

Kiplinger

Did You Bet on Super Bowl 59? Don’t Forget Taxes

If you won or lost a bet on the big game, remember these sports betting considerations to avoid tax surprises later.

Kiplinger

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read the most diverse news in one place.

55 American Marketing Scams That People Can’t Believe Others Fall For

This only can be labelled as marketing fraud - an illegal practice that makes false or misleading claims for financial gain. The post 55 American Marketing Scams That People Can’t Believe Others Fall For first appeared on Bored Panda.

Bored Panda

Minnesota Child Tax Credit in 2024: How Much Will You Get?

The Minnesota child tax credit is the highest state credit in the country. Here’s how to tell if you qualify — and how much money you’ll get.

Kiplinger

Mortgage Interest Tax Deduction: What You Need to Know

Should you claim the mortgage interest deduction when you file your federal tax return?

Kiplinger

Maine Tax Relief Granted Following Severe Storms

The IRS has granted Maine tax relief to taxpayers affected by severe storms late last year.

Kiplinger

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Blind Student Follows Professor’s Rules And Turns In A Black Piece Of Paper: “Well Played”

An assistant to a blind student witnessed a creative and clever bit of malicious compliance when the student did exactly as the professor asked. The post Blind Student Follows Professor’s Rules And Turns In A Black Piece Of Paper: “Well Played” first appeared on Bored Panda.

Bored Panda

The Tax Forms Retirees Are Receiving in 2026 and What They're For

Knowing what forms you're getting and why is important so you can ensure that you and your tax preparer have what's needed to file your taxes.

Kiplinger

New Israel supplemental readied in House, without offsets - Roll Call

Speaker Mike Johnson told GOP lawmakers Saturday that he's preparing to bring a stand-alone, $17.6 billion package for Israel to the floor.

Roll Call

New Principal Chief Commissioner of Income Tax, Kerala, takes charge

Jayanthi Krishnan, a 1988 batch IRS Officer, becomes Principal Chief Commissioner of Income Tax, Kerala.

The Hindu

Tax Relief for Connecticut and Rhode Island Storm Victims

Storm victims in Connecticut and Rhode Island have extended IRS tax deadlines.

Kiplinger

FTX Scraps Relaunch Plans, Expects Full Customer Repayment

FTX, the collapsed crypto exchange founded by Sam Bankman-Fried, said it has abandoned plans to relaunch and will instead focus on liquidating assets so it can repay customers.

International Business Times

Five Tax Breaks Business Owners Might Not Know About

Did you know you could get a break on your company’s taxes by hiring your kids? Read on for more strategies to help you lower your business’ taxes.

Kiplinger

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WEKU

The IRS got $80B to help people and chase rich tax avoiders. Here's how it's going

Commissioner Danny Werfel says the IRS is seeing "very powerful early results" in its efforts to improve enforcement on high wealth is paying off.

WEKU

Ex-IRS contractor sentenced to 5 years in prison for leaking Trump's tax records

Charles Edward Littlejohn of Washington, D.C., gave data to The New York Times and ProPublica between 2018 and 2020 in leaks that appeared to be "unparalleled in the IRS's history," prosecutors said.

Top News

IRS delays Form 8300 reporting for digital asset transactions

The new IRS guidance delays Form 8300 reporting for digital asset transactions, offering relief and clarity to businesses in the crypto industry.

Kiplinger

From Tax-Deferred to Tax-Free: Navigating Taxes in Retirement

Here are some considerations to keep in mind to help you spend less of your retirement savings and Social Security benefits on taxes.

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