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The Latest Breaking News from Tax Return

HMRC handed out £5.5m in late tax return fines in one year

The initial fine of £100 increases by £10 a day to a maximum of £900.

Evening Standard

10 Side Hustle Bonuses That’ll Hurt Your Tax Return More Than Help

Side hustles feel like the ultimate cheat code to financial freedom—extra cash, flexible hours, and that sweet taste of independence. But when tax season rolls around, those “bonuses” can backfire faster than a bad business idea.

Everybody Loves Your Money

Ask the Editor, August 29: Tax Questions on Estate and Gift Taxes

In this week's Ask the Editor Q&A, we answer questions from readers on estate and gift taxes.

Kiplinger

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read the most diverse news in one place.

BJP MP tweets ‘tax return of great journalist’, Abhisar Sharma and others say breach of privacy

BJP MP Nishikant Dubey tweeted an alleged ITR document to claim a massive rise in the income of a journalist after he left his job to “abuse” Prime Minister Narendra Modi and the BJP. Who was this journalist? He left his followers to guess.

Newslaundry

10 Unexpected Tax Filings Required After Financial Gifts

Giving or receiving financial gifts can be a generous act, but it often comes with tax responsibilities that many overlook. The rules around tax filings after financial gifts are more complicated than most expect. If you don’t follow the IRS guidelines, you could face unexpected penalties or paperwork headaches down…

The Free Financial Advisor

9 Hidden Deductions Retirees Miss on State Income Tax Returns

Retirement is often portrayed as a time of financial simplicity. No more paychecks to track, no more yearly raises to calculate, and, for some, no...

Saving Advice

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

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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

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…

The Free Financial Advisor

TaxScouts review

TaxScouts is all about getting your tax return for you – by accredited accountants – in as little as 2-3 days.

TechRadar

TaxCalc review

Well-proven software that can guide anyone through filing their tax return.

TechRadar

The Financial Clue That Tells the IRS You’re Hiding Assets

Trying to hide assets from the IRS is risky. The IRS has many ways to spot red flags, and one financial clue stands out. If you’re not careful, this clue can trigger an audit or even a criminal investigation. Most people don’t realize how easy it is for the IRS…

The Free Financial Advisor

Ask the Editor, August 1: Tax Questions on Standard Deductions

In this week's Ask the Editor Q&A, we answer tax questions from readers on claiming standard deductions on your tax return.

Kiplinger

HMRC’s new rules are stressing freelancers out – here’s what you need to know if you’re self-employed

LET’S UNPACK THAT: For the first time in decades, the self assessment tax return process is getting an onerous shake-up. Katie Rosseinsky speaks to experts about how Making Tax Digital will actually impact self-employed people

The Independent UK

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Clever Dude

9 Tax Refunds Reversed Due to Beneficiary Errors

Tax season can feel like a relief when you finally hit “submit” and see that refund on the way. But what if that refund gets reversed? It happens more often than you might think, and the reason is usually simple: beneficiary errors. These mistakes can cost you time, money, and…

The Independent UK

Self-employed workers face key tax date next week - and it’s costly to miss

If you complete a self assessment and pay taxes and NICs from it, the chances are you’re due for your second payment

Clever Dude

7 State Tax Credits That Quietly Disappeared in 2025

If your 2025 tax return looks slimmer than expected, you’re not alone. Across the country, several states quietly eliminated or allowed key tax credits to expire, leaving many filers caught off guard. These changes didn’t always make headlines, but they’re definitely making a dent in refunds. From energy efficiency incentives…

Kiplinger

Know Your ABDs? A Beginner's Guide to Medicare Basics

Medicare is an alphabet soup — and the rules can be just as confusing as the terminology. Conquer the system with this beginner's guide to Parts A, B and D.

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news in one place.

100’s of premium titles.
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Clever Dude

9 Tax-Time Decisions That Could Trigger a Surprise Audit

Tax season can feel stressful, even if you think you’ve done everything right. But some choices you make on your tax return can raise red flags with the IRS. No one wants to get that audit letter in the mail. Audits can take up your time, cost you money, and…

AAP

Australians warned to not jump the gun on tax return

The national tax office has warned Australians to be patient in lodging their tax returns as the financial year comes to an end.

Kiplinger

What is the IRMAA (Income-Related Monthly Adjustment Amount)?

IRMAA is a surcharge added to your Medicare Part B and Medicare Part D prescription drug coverage premiums if your income is above a certain level. Here's what you need to know.

The Conversation

Would you cheat on your tax? It’s a risky move, the tax office knows a lot about you

Soon, more than 15 million Australians should be lodging a tax return with the Australian Taxation Office in the hope of receiving at least a small refund.

Fortune

Pope Leo XIV may face a six-figure tax bill for his $33,000-a-month paycheck

Filing a tax return is obligatory for all U.S. citizens, no matter where they live.

Kiplinger

How to Use H&R Block Tax Prep Software to File Your 2025 Tax Return

Here’s what you need to know if you want to file your taxes with H&R Block’s tax prep software this year.

Kiplinger

Ask the Editor: Reader Questions, March 28 — Tax Returns

Ask the Editor: Taxes, March 28, 2025 — Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on filing tax returns and paying taxes.

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