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The Latest Breaking News from IRS

IRS Sued for Millions Over Employee Retention Credit (ERC) Delays

The pandemic-era tax refunds for businesses have been a contention point for the agency, now employers are fighting for their cash.

Kiplinger

Want to Turn Your Tax Bill Into a Refund? What to Do Now

A few easy steps can help you avoid writing a check to the IRS. And if your most recent refund was a whopper, you might want to consider a few adjustments.

Kiplinger

Hurricane Helene Aftermath: IRS Tax Relief and How to Help

Following the destruction in the southeast U.S., IRS officials and several states have extended tax deadlines for affected taxpayers. Here are the payments and filings that qualify.

Kiplinger

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Congressional estimators find sharply lower revenue take from Harris tax plans - Roll Call

Nonpartisan analysts said Harris' plans are unlikely to generate the amount of revenue the Biden-Harris administration previously estimated.

Roll Call

Farewell Paper I-Bonds: Savings Bonds Are Going Online-Only

The last remaining way to buy a paper savings bond in the U.S. (with your income tax refund) won't be available from January 2025. Tax filers will still be able to buy I-bonds online, however.

Kiplinger

IRS Expands Direct File Program For Taxpayers

IRS expands Direct File program for free tax filing, now permanent in 24 states, open to 30M+ people.

Top News

Taxpayers in 24 states will be able to file their returns directly with the IRS in 2025

The IRS is expanding its program that allows people to file their taxes directly with the agency for free

The Independent UK

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What is Net Investment Income Tax (NIIT) and Who Pays It?

Find out which income levels are subject to the 3.8% NIIT surtax.

Kiplinger

Navigating Tax Deductions: Essential Breaks for Small Businesses

Managing business finances can be challenging, especially for those lacking experience. Proper organization and record-keeping are crucial for accurately reporting taxes and maximizing deductions, which can significantly reduce tax liability and improve financial health.

inkl

Held Hostage Overseas? The IRS Wants Your Back Taxes.

The IRS fines hostages for taxes they couldn't pay while they were detained. A bill in Congress is trying to fix this.

Reason

IRS Solar Tax Credit Payouts Soar as Scams Target Homeowners

Clean energy tax credits are paying off for many, but experts warn of increasing scams.

Kiplinger

The IRS just paid 3 whistleblowers a record $74 million award—and tax evaders should be very afraid

While this kind of collaboration between the government and whistleblowers is common under most other programs, it was almost unheard of at the IRS.

Fortune

Six Changes to IRAs and 401(k)s in 2025

The 2025 rule changes for Roth and traditional IRAs could mean more money for your retirement. But you have to pay attention to reap the rewards.

Kiplinger

What is Medicare tax and and who pays it? Experts explain

Medicare funding comes from a combination of government contributions, payroll taxes, and monthly premiums paid by Medicare beneficiaries.

Fortune

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Latin Times

Three Texas Sisters Sentenced For $3M Tax Fraud Scheme: They 'Enjoyed the Financial Spoils'

The three women filed thousands of fraudulent tax returns, according to authorities.

The Conversation

How the US government can stop ‘churches’ from getting treated like real churches by the IRS

The Family Research Council is a conservative advocacy group with a “biblical worldview.” While it has a church ministries department that works with churches from several evangelical Christian denominations that share its perspectives, it does not represent a single denomination. Although its activities are primarily focused on policy, advocacy, government…

Kiplinger

Average IRA Balance by Age and Generation: How Does Your Retirement Account Compare?

You may have a higher IRA balance than your peers at the end of 2025 if you made smart decisions all the way back in 2022. Here's how to do it again.

International Business Times

Crypto Taxation And Accounting In The USA: Insights From Experity CPA

The IRS treats cryptocurrency as property, not currency, under Notice 2014-21. This classification is pivotal because it means every transaction involving cryptocurrency—whether selling, exchanging, or even making purchases—triggers a taxable event.

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Kiplinger

Do You Stop Paying Taxes on Social Security at a Certain Age?

There’s some confusion over whether you can escape taxes on Social Security benefits based on age.

inkl

Day Trade Tax Rate Explained: How Much Traders Pay

Understanding the day trade tax rate might appear complicated. A lot of traders feel confused when it's about taxes. What will be the amount due? Which regulations should you be aware of? These are typical queries that lead to bewilderment.

Kiplinger

Shortage of CPAs as 2025 Tax Season Kicks Off

This once resilient accounting industry is cracking, as the labor force seems in dire straits. It’s also affecting the IRS.

TechRadar

Lockbit says it has hit eFile.com, again

We don't know how many people might be affected.

Bored Panda

30 Interesting And Fun Facts For Your Daily Dose Of New Knowledge

People say that every day you learn something new. And while that sounds like a cliche, it’s very much true, especially if you’re a regular user of the internet. The post 30 Interesting And Fun Facts For Your Daily Dose Of New Knowledge first appeared on Bored Panda.

Kiplinger

This Double-Dip Trust Benefit Really Is Too Good to Be True

Let's clear up the confusion among some trust makers and taxpayers over how grantor trust status affects the step-up in basis and estate tax exclusion.

Kiplinger

Is an Annuity Worth It? Tax Pros and Cons

Knowing how an annuity might impact your tax situation can be confusing. Here are some advantages and downsides to consider.

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