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The Latest Breaking News from IRS

5 Retirement Tax Traps to Watch in 2026

Even in retirement, some income sources can unexpectedly raise your federal and state tax bills. Here's how to avoid costly surprises.

Kiplinger

Supreme Court litigator convicted of tax evasion over income from high-stakes poker

A prominent Supreme Court litigator who also published a popular blog about the nation’s highest court has been convicted of tax evasion and related charges stemming from his secretive lifestyle as an ultra-high-stakes poker player

The Independent UK

Why Catch-Up Contributions Might Not Lower Your Taxes Anymore

Starting this year, catch-up contributions may no longer work for higher earners.

GOBankingRates

From analysis to the latest developments in health,
read the most diverse news in one place.

I’m a Financial Expert: Here’s the One Thing People Get Wrong About Tax Refunds

A big tax refund may feel like a financial win, but it can often mean you overpaid the IRS. Here’s what taxpayers get wrong about refunds and cash flow.

GOBankingRates

Tax Experts Explain Why Refunds Get Delayed — and What To Do If Yours Is Missing

Missing your tax refund this year? Experts explain IRS refund delays -- from filing errors to identity checks -- and what you can do to track it faster.

GOBankingRates

Court says the IRS can continue to share immigrants' taxpayer data with ICE

A federal appeals court is allowing the IRS to keep sharing some taxpayer data with U.S. Immigration and Customs Enforcement

The Independent UK

No, There’s No $10,000 “Made in USA” Deduction — But Seniors Are Being Targeted by New Auto‑Loan Scams

Once Donald Trump announced that he was going to prioritize products made in America, many people thought that would mean major savings. And when it...

Saving Advice

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2026 Tax Refund Delays: 5 States Where Your Money Is Stuck

From New York to Oregon, your state income tax refund could be delayed for weeks. Here's what to know.

Kiplinger

Tax Season Trap: The Overlooked Homeowner Documents That Can Cost You Thousands

Tax season does not forgive sloppy paperwork. It rewards the organized and punishes the distracted, and homeowners sit right in the middle of that reality. One missing document can erase a deduction you earned, inflate your taxable income, or spark an IRS notice that ruins your spring.

Everybody Loves Your Money

8 Scams Targeting Men Over 40 Right Now

A man does not need to be careless to get conned. He only needs to be busy, confident, or a little curious at the wrong moment.

Clever Dude

Paper Tax Filers Face Long Wait as IRS Digitization Effort Stalls

Last April, the IRS launched its Zero Paper Initiative to speed up paper tax return processing. The project isn’t going well.

Kiplinger

Here’s What Happens to Your Paycheck When You Max Out Your 401(k) in 2026

One of the golden rules of finance is to contribute enough to an employer-based retirement fund, but what happens to your paycheck if you max out your 401(k)?

GOBankingRates

IRS Reports 11% Jump in Early Refunds as Average Payout Reaches $2,290

Tax season 2026 is off to a strong start, and millions of Americans are already seeing bigger checks hit their bank accounts. According to the...

Saving Advice

OpenAI has changed its mission statement 6 times in 9 years, most recently about AI that 'safely benefits humanity'

It’s still committed to creating something that will benefit humanity. It’s unclear why it doesn’t want to do so “safely” anymore.

Fortune

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Everybody Loves Your Money

11 Records That Protect Against Future Audits

An audit does not start with flashing lights or dramatic warnings. It starts with a letter, and that letter demands proof. When that moment arrives, confidence comes from one place only: documentation that tells a clear, organized, undeniable story. Numbers alone never win the day. Records do. Anyone who earns…

Dinks Finance

“Backdoor Roth” Alert: The IRS Rule Change That Could Close Your Favorite Tax Loophole

Spring savers and high‑income earners are suddenly on edge, and for good reason: a quiet IRS shift may threaten the future of the backdoor Roth strategy millions rely on. For years, the backdoor Roth has been the go‑to workaround for people who earn too much to contribute directly to a…

TechRadar

Talk about an unwelcome tax cut - DOGE restructuring saw IRS lose 40% of its IT workforce in 2025

The IRS lost massive IT and executive staff in 2025, forcing AI and cross-functional teams to manage critical filing processes.

GOBankingRates

7 Moves To Make Before April 15 To Shrink Your 2026 Tax Bill

Here are several moves to consider before sending in your tax return.

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news in one place.

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Kiplinger

A Financial Planner Answers 10 Common Questions About the Gift Tax

Generous gifts can have tax consequences, but in general, only very wealthy people need to worry about gift taxes. Still, there could be IRS paperwork involved.

GOBankingRates

How Much More You Can Stash in Your 401(k) and IRA in 2026

The IRS raised 2026 IRA and 401(k) contribution limits. See the new contribution caps, income phaseouts, catch-up rules and how much workers should save.

GOBankingRates

I Asked ChatGPT To Explain Tax-Loss Harvesting Like I’m 12 — Here’s What It Said

Planning ahead for next year, I asked ChatGPT to outline the concept of tax-loss harvesting, but to dumb it down as if a 12-year-old were asking.

The Conversation

Crowdfunded generosity isn’t taxable – but IRS regulations haven’t kept up with the growth of mutual aid

Have you ever received some money through a GoFundMe campaign or Venmo or CashApp transfers after a medical emergency, natural disaster or other crisis?

The Free Financial Advisor

The Little-Known Deduction Couples Over 65 Often Miss

Retirement changes the tax game in ways that surprise even the most organized couples. Many people assume that once the paychecks stop and Social Security begins, taxes fade into the background. That assumption costs real money every single year.

International Business Times UK

IRS Just Dropped a Massive Tax Win: Businesses Can Write Off 100% of Factory Costs

The IRS and US Treasury have released guidance on a 100% depreciation deduction for certain production facilities under the One Big Beautiful Bill.

Budget and the Bees

The Hidden Tax Trap Affecting Social Security Recipients This Year — What Retirees Must Know

You celebrated the 2.8 percent cost-of-living increase this January, thinking it would finally help you keep up with the grocery bill. However, for many retirees, that extra money is currently triggering a hidden tax trap that could leave you with less cash than last year. It is a frustrating cycle…

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