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The Latest Breaking News from IRS

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

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

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

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.

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Tom’s Guide

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."

Benzinga

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...

Saving Advice

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.

GOBankingRates

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…

Dinks Finance

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.

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news in one place.

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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…

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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

Reason

DOJ Subpoena to Gender Medicine Telehealth Provider Quashed, but Record Not Sealed

From Judge Jamal Whitehead (W.D. Wash.) in Queerdoc, PLLC v. U.S. Dep't of Justice: On January 20, 2025, President Trump… The post DOJ Subpoena to Gender Medicine Telehealth Provider Quashed, but Record Not Sealed appeared first on Reason.com.

The Independent UK

Rozier will not receive salary while on leave, AP sources say. Attorney says tax lien was resolved

NBA guard Terry Rozier will not receive his salary from the Miami Heat while on leave due to his arrest on federal gambling charges

International Business Times UK

IRS Direct Deposit Stimulus: Will November IRS Checks Bring $1,400 Relief Boost?

Debunking IRS direct deposit myths: No federal $1,400 relief in November 2025, but state inflation rebates like NY's $200 await

Saving Advice

New 1099-K Rules Explained: Why the $20K and 200 Transaction Limit Isn’t the Win You Think It Is

When the IRS delayed its $2,500 reporting threshold and announced a return to the $20,000 and 200 transaction limit for 2025, millions of small sellers...

Saving Advice

5 Things You Should Know Before Opening a Bank Account for a Baby

Opening a bank account for your baby may seem unnecessary at first, but it’s one of the smartest financial moves new parents can make. From...

Saving Advice

12 Future Tax Traps Gen Z May Run Into Before Age 30

Gen Z is stepping into adulthood during one of the most financially complex times in history. Between remote work, side hustles, and digital investments, the...

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