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The Latest Breaking News from IRS

Can Your Taxes Be Cut In Half By You Simply Incorporating Your Name?

It’s tempting to think you can slash your tax bill by simply incorporating your name. You may have heard stories or seen ads claiming that turning yourself into a corporation will cut your taxes in half. With tax rates and rules always changing, it’s easy to see why this idea…

The Free Financial Advisor

To Reap the Full Benefits of Tax-Loss Harvesting, Consider This Investment Strategist's Steps

Tax-loss harvesting can offer more advantages for investors than tax relief. Over the long term, it can potentially help you maintain a robust portfolio and build wealth.

Kiplinger

Is the $2000 Stimulus Check Really Happening? Inside Trump's Big Promise and the Washington Shutdown Chaos

Trump's $2000 stimulus check promise fuels confusion as the Washington shutdown deepens. Here's what's real, what's rumour, and what officials say.

International Business Times UK

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7 Personal Money Questions Advisors Can’t Believe Are Real

Financial advisors hear a lot of questions, but some personal money questions are so surprising that they make even seasoned professionals pause. These queries highlight how complex—and sometimes misunderstood—personal finance can be. Asking the right questions leads to better decisions, but asking truly unusual ones can reveal gaps in financial…

The Free Financial Advisor

6 Tax Laws Changed Without Proper Announcement

Ever feel like tax season is designed to make you break into a cold sweat? You carefully save receipts, download the latest forms, and pat yourself on the back for being a responsible adult—only to find out the government quietly changed the rules behind your back.

Everybody Loves Your Money

Backdoor Roth IRAs: Help Your Kids Keep More of Their Inheritance

Converting to a backdoor Roth IRA via an IRS "loophole" is an estate planning tool that gives heirs tax-free income in retirement. It can help you, too.

Kiplinger

New Opportunity Zone Rules Triple Tax Benefits for Rural Investments: Here's Your 2027 Strategy

New IRS guidance just reshaped the opportunity zone landscape for 2027. Here's what high-net-worth investors need to know about the enhanced rural benefits.

Kiplinger

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Scott Bessent Says Things Are Looking Up For The US Economy: 2026, 2027 Are Going To Be 'Great Years' Thanks To Trump's Tax Reforms

Treasury Secretary Scott Bessent expressed confidence in the trajectory of the U.S. economy, citing key deflationary trends, tax policy changes, and incoming tax refunds for working Americans.

Benzinga

WEP/GPO Repealed—Now What? 6 Steps for Teachers, Firefighters, and Public Workers to Recheck Benefits in 2025

For decades, the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) reduced or eliminated Social Security benefits for millions of public workers who also...

Saving Advice

George Kamel Reacts To the Worst Online Tax Advice

Here are some schemes to avoid since they can land you in serious trouble.

GOBankingRates

Begin Learning the Secrets of Tax-Efficient Investing Today

Every investor dreams of growing wealth faster—but too often, taxes quietly eat away at those gains. The good news is that with the right strategies, you can minimize what you owe without taking unnecessary risks. Tax-efficient investing helps you keep more of what you earn by structuring your portfolio in…

The Free Financial Advisor

Three Critical Tax Changes Could Boost Your Paycheck in 2026

The IRS predicts these tax breaks may change take-home pay in 2026. Will you get over $1,000 in tax savings?

Kiplinger

1 in 3 US nonprofits that serve communities lost government funding in early 2025

About one-third of U.S. nonprofit service providers experienced a disruption in their government funding in the first half of 2025.

The Conversation

Counter-Strike 2 community left in shambles along with Steam marketplace after Valve's new "Trade Up" update turns $10 skins into $1,000 skins and vice versa: "This update has made some collectors very rich"

"My knife just dropped $1,400 in value in the span of 30 minutes"

GamesRadar

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GOBankingRates

5 Ways IRS’s New Roth Catch-Up Rule Could Affect Your Take-Home Pay

Workers who are age 50 and older are going to want to pay special attention to new regulations announced by the IRS. They address multiple SECURE 2.0 Act provisions related to catch-up contributions....

Saving Advice

Social Security Earnings Record: 6 Micro-Fixes That Add Real Money to Your Check

A single missing dollar in your Social Security earnings record can cost you far more in retirement. The Social Security Administration (SSA) calculates your monthly...

The Free Financial Advisor

5 Subtle Estate-Tax Traps the Government Quietly Introduced

Estate planning is already complicated, but recent changes have made it even trickier. The government has quietly introduced new estate-tax traps that can catch families off guard. These changes don’t make headlines, but they can seriously affect your financial legacy. If you want to protect what you leave behind, it’s…

The Free Financial Advisor

5 IRS Rules Many 50-Somethings Ignore Until It’s Too Late

Turning 50 is a milestone that brings new opportunities—and new responsibilities. For many, this stage in life means thinking more seriously about retirement savings, taxes, and future financial security. The IRS has set up rules and opportunities specifically for people in their 50s, but too often these are ignored until…

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International Business Times

Revised Tax Brackets For 2026 Could Lower Bills For Many; See How Much

While the tax rates themselves remain unchanged, ranging from 10% to 37%, the income thresholds have been increased by approximately 2.7% across the board.

Roll Call

Congressional casework is hard. The shutdown is making it harder - Roll Call

“You can’t get a hold of a human being on the phone,” one Democrat says. “You’re just getting answering machines saying that we’re in a shutdown.”

The Free Financial Advisor

Is There Any Way to Get Your 401k Before The Age of 59?

Most people think of their 401k as locked away until retirement. But life doesn’t always wait until you’re 59 and a half. Emergencies, job losses, or opportunities can make you wonder: Is there any way to get your 401k before the age of 59? The rules seem strict, and penalties…

Budget and the Bees

8 Manipulative Phrases Scammers Drop Without You Noticing

That strange text from an unknown number feels off. An email promises a prize that seems too good to be true. We are constantly bombarded with attempts to trick us. Scammers are experts at psychological manipulation. They prey on our trust, fear, and even our kindness. Understanding their tactics is…

The Free Financial Advisor

The “Dirty Dozen”: The 12 Tax Scams the IRS Is Warning All Americans About

Every year, the IRS releases a “Dirty Dozen” list—a public warning to taxpayers about the latest and most dangerous tax scams circulating across the country. These scams target both individuals and tax professionals, aiming to steal personal information, refunds, or even entire identities. From fake charities to shady “tax experts,”…

The Free Financial Advisor

8 IRS Red Flags That Are Most Likely to Trigger a Full-Blown Audit

Every taxpayer worries about making a mistake that could attract unwanted attention from the IRS. While most tax returns are processed without issue, certain patterns, numbers, and claims raise what the IRS calls “compliance indicators”—more commonly known as IRS red flags. These warning signs can trigger closer scrutiny or even…

Kiplinger

Ask the Editor, October 17: QCDs and Tax-Planning

In this week's Ask the Editor Q&A, Joy Taylor answers more questions about the use of qualified charitable distributions (QCDs) in end-of-year tax planning.

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