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The Latest Breaking News from IRS

Bessent shouted profanities at a goading Elon Musk in West Wing after Trump told warring pair to ‘have at it’

Bessent repeatedly shouted the profane insult at the Tesla billionaire, who responded by yelling, ‘Say it louder,’ as they brawled within earshot of President Trump.

The Independent UK

Trump’s Big Beautiful Bill edges closer to passing. Here’s what it says, and what it means for you

The bill looks to slash taxes and increase spending on oil drilling, the military, and immigration, while also making cuts to Medicaid and food assistance programs

The Independent UK

No Tax on Tips? How the New Tip Deduction Actually Works

Will you stop paying taxes on your tip income? New tax rules may allow some workers to reduce their tax liability on qualified tips. Here’s what you need to know and how to claim it.

Kiplinger

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read the most diverse news in one place.

Trump Admin Blames 'Unauthorized Access' After IRS Nominee Followed Several Sexual Content Creators on X

Former Rep. Billy Long faced backlash after it was revealed he followed multiple adult content creators on X, including several pregnant influencers.

Latin Times

Trump IRS nominee grilled over ties to fraudulent tax credits - Roll Call

Billy Long faced withering questions from Senate Finance Committee Democrats over his post-congressional business activities.

Roll Call

DHS Deal With IRS Sparks Massive Drop in Tax Filings Among Immigrants: Report

The impact is also being felt in local economies as immigrant-owned businesses have delayed filings or moved toward informal labor

Latin Times

Is Your Social Security Earnings Record Wrong? Here's How to Fix It

Your Social Security benefits are based on your Social Security earnings record. It's important to review your records to avoid having your benefits reduced.

Kiplinger

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New Montana Law Blocks the State From Buying Private Data To Skirt the Fourth Amendment

The Big Sky State becomes the first to close the "data broker loophole" allowing the government to get private information without a warrant.

Reason

Trump's Tax Plan Is a Leftist Economic Agenda Wrapped in Populist Talking Points

The administration shows no coherent commitment to free market principles and is in fact actively undermining them.

Reason

IRS Government Watchdog Warns More Layoffs to Come

Over 11,400 IRS employees took the Trump-instructed buyout or were terminated. What does it mean for your taxes going forward?

Kiplinger

U.S. Regulators Target CrowdStrike: Is It a Signal or Noise?

CrowdStrike faces a regulatory probe involving a $32 million transaction with Carahsoft, which could create more volatility in CRWD stock before earnings

MarketBeat

How to Be Your Own Consumer Watchdog

Big changes are afoot at federal agencies. Make these moves to protect yourself financially.

Kiplinger

The Three Retirement Tax Issues I Nag My Clients About

A financial professional highlights areas of tax planning that retirees should have on their radar as they finalize their retirement plan.

Kiplinger

Trump-Appointed Judge Rejects Bid to Block IRS From Sharing Tax Data to Identify Undocumented Immigrants

A Trump-appointed judge rejected a motion to prevent the IRS from sharing information aimed at locating undocumented immigrants

Latin Times

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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.

The Independent UK

Judge refuses to block IRS from sharing tax data to identify and deport people illegally in US

Trump-appointed judge denies injunction in a lawsuit filed by nonprofit groups

Thousandaire

Everything You Always Wanted To Know About Decamillionaires, But Were Afraid To Ask

Wealth creation continues to be a subject many people are enthusiastic about, yet few truly understand how to turn ambition into lasting success. If you want to make it big as an investor or accumulate substantial wealth, this post takes a closer look at one of the most elusive categories…

The Independent UK

He’s the first American Pope in history, but Leo XIV might not be able to escape the IRS

The native Chicagoan and baseball fan will likely need to get his finances in order with the IRS, like any other American, despite his new status

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news in one place.

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TechRadar

IRS could use AI to replace workers after mass layoffs

Considerable IRS workforce cuts could be replaced with bots.

The Conversation

Can Trump strip Harvard of its charitable status? Scholars of nonprofit law and accounting describe the obstacles in his way

President Donald Trump has repeatedly threatened to revoke Harvard University’s tax-exempt status, and some media outlets have reported that the Internal Revenue Service is taking steps in that direction.

Kiplinger

Big Tax Deduction Increase Proposed for Those Over Age 65

A new bipartisan bill and a tax plan from the House GOP could mean bigger retirement tax savings to offset taxes on Social Security and high prices.

The Independent UK

IRS workers forced into ‘mandatory overtime’ to deal with flagged returns after DOGE cuts

Processing center employees ordered to work weekends this month to tackle deluge of returns flagged as containing errors amid widespread staff cuts

Fortune

DOGE cuts at IRS are ‘Christmas coming early’ for tax cheats, policy analyst says

Staff reductions have eliminated one-third of the of the IRS staff who collect tax money—with more on the way.

Kiplinger

2026 HSA Contribution Limits Are Set: What to Know Now

The IRS says Health Savings Account contribution limits will increase again next year due to inflation.

Fortune

Credit Suisse admits scheme to hide more than $4 billion in offshore accounts for ultra-rich Americans

Credit Suisse’s services unit agreed to pay $511 million in fines, penalties, restitution, and forfeitures, authorities said.

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