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The Latest Breaking News from IRS

Ask the Editor, November 7: Deducting Car Loan Interest

In this week's Ask the Editor Q&A, Joy Taylor answers questions on the new tax deduction for paying interest on vehicle loans.

Kiplinger

Are You Missing the Hidden Tax Benefit Spouses Without Dependents Can Claim?

Every year, millions of married couples file their taxes without realizing they might be leaving money on the table. While parents often claim credits tied to children and dependents, couples without kids can still qualify for valuable advantages buried deep within the tax code. One often-overlooked hidden tax benefit can…

Dinks Finance

Catch-Up Contributions for Higher Earners in 457(b) Plans: What You Need to Know

Government 457(b) plans are about to get more complex as new Roth catch-up requirements come into force. Here's how to prepare for the changes.

Kiplinger

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New IRS Policy Lets the Agency Take More Than Your Refund — Here’s What’s at Risk

A recent policy shift at the IRS is raising eyebrows—and for good reason. Under updated enforcement guidelines, the agency may now seize more than just...

Saving Advice

Win a free copy of the movie tie-in edition of Andy Weir's 'Project Hail Mary' with our exclusive sweepstakes!

Five lucky winners will be announced Nov. 12 at 4 p.m. EDT (2000 GMT) on Space.com's Facebook, Twitter, and BlueSky pages.

Space

Singapore Approves Mandatory Caning for Scammers — Here's the Full List of Offences Punishable by the Cane

Singapore passes law imposing caning for scammers and syndicate recruiters — six to 24 strokes — as fraud cases surge to 60% of total crime.

International Business Times UK

7 Hidden Tax Credits Seniors Miss Every April Because No One Mentions Them

Tax season can be overwhelming—especially for seniors juggling retirement income, medical expenses, and changing financial needs. While many older adults focus on deductions, they often...

Saving Advice

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Stealing Innocent People's Tax Returns Isn't Heroic. The IRS Leaker Doesn't Deserve a Do-Over.

Charles Littlejohn exposed hundreds of thousands of Americans’ private tax returns and undermined the nation’s voluntary tax system. His five-year sentence shouldn’t be reduced.

Reason

7 Legal Tax Shelters To Protect Your Money

There are many ways to reduce your tax burden, but it's important to make sure you aren't illegally evading taxes. Here are seven of the best tax shelters.

GOBankingRates

When to Hire a Tax Pro: The Age Most Americans Switch to a CPA

Taxpayers may outsource their financial stress by a specific age. Find out when you should hire a tax preparer.

Kiplinger

Turn Your Retirement Hobby into Income: The Pros and Cons

Earn extra cash from a retirement hobby or passion project. Here's what you need to know before making a commitment.

Kiplinger

IRS Updates Capital Gains Tax Thresholds for 2026: Here’s What’s New

The IRS has increased the capital gains tax income thresholds for 2026. You'll need this information to help minimize your tax burden.

Kiplinger

6 Ways Not Having a Will Can Cost Your Heirs Money

Failing to plan can lead to costly consequences for your loved ones, both financially and emotionally.

GOBankingRates

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Tom’s Guide

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Benzinga

Kevin O'Leary Warns Longest Shutdown Will Halt Economy

Billionaire investor and "Shark Tank" star Kevin O'Leary urged both parties to resolve the federal shutdown before it topples key services, warning that a closure matching the longest in U.S. history would send economic shockwaves "from the IRS to TSA."

Saving Advice

Don’t Overpay for Taxes This Year: Here’s How to Find the Best Local Prep Service

Tax season is stressful enough without worrying whether you’re paying too much—or getting too little back. With constantly changing tax laws, deductions, and credits, it’s...

GOBankingRates

Can You Write Off Your Home Insurance on Your Taxes?

Understanding the rules around home insurance tax deductions can help you avoid missed opportunities and make smarter financial decisions.

GOBankingRates

5 Ways Financial Experts Would Use a $1 Million Windfall Right Now

Financial experts shared smart, tax-efficient ways to invest a $1 million windfall — from 529 plans to diversified portfolios and debt payoff strategies.

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Dinks Finance

Dual-Income Alert: How a New IRS Rule Quietly Affects Couples Without Kids

For many dual-income couples without children, managing taxes has long been a balancing act of deductions, income brackets, and financial planning. But with the introduction of a new IRS rule, that balance is shifting in ways many households haven’t yet noticed. The changes may seem small at first glance, but…

GOBankingRates

New IRS Rule Changes How You Can Save for Retirement: What High Earners Need To Know

New IRS rules require high earners to make Roth catch-up contributions. Learn who’s affected and how it could impact your retirement strategy.

The Mary Sue

‘Y’all can report them’: Oregon Goodwill shopper spots Nike joggers. Then she checks the tag

An Oregon woman was astonished to find a pair of Nike joggers at Goodwill for $39.99. “Let me show you real quick how Goodwill has lost their minds,” said Courtney Knight (@courtneyrenee.k). She posted the clip to her platform, garnering 457,000 views in the span of four days.

GOBankingRates

You Won’t Believe Mark Cuban’s Tax Bill — Here Are 5 Tips To Keep Yours Much Lower

Keep reading for more details on Cuban's tax bill -- plus five tips to keep yours much lower.

Reason

Brickbat: No Bad Boys

Lawrence Smith, a Baltimore City Schools Police officer of 22 years, pleaded guilty to federal wire fraud and tax evasion… The post Brickbat: No Bad Boys appeared first on Reason.com.

The Free Financial Advisor

The Gig Economy Tax Nightmare: Why So Many Freelancers End Up Owing the IRS

The gig economy continues to grow rapidly as more people choose to work as freelancers. Flexible hours and the chance to be your own boss are appealing. Freelancers discover a surprising truth about taxes when they need to file their taxes. The gig economy tax nightmare is real, and it’s…

International Business Times UK

Fed Rate Cut: How Will It Lower Your Credit Card and Mortgage Payments?

Jerome Powell's 29 Oct Fed rate cut drops benchmark to 3.75%-4% – explore credit card APR lower, mortgage rates drop, savings yield decline impacts on auto loans, student debt amid inflation

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