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The Latest Breaking News from IRS

5 Legal 'Loopholes' the IRS Wishes You Didn't Know (Plus, How to Use Them This Tax Season and Beyond)

From opening stealth retirement accounts to strategic charitable giving, there are plenty of ways you can cut your taxes every year, and they're perfectly legit.

Kiplinger

The Tax Cost of Day Trading: What New Investors Don’t See Coming

Day trading can trigger costly wash sales and higher income taxes. Learn about some of the tax traps that can wipe out day trading profits in a hurry.

GOBankingRates

5 Times Freezing Your Credit Is Actually Worth It

Freeze first, panic never. A credit freeze sounds dramatic, almost like slamming a vault door shut. In reality, it stands as one of the simplest and most powerful tools available to protect financial life from identity theft. A credit freeze, also called a security freeze, restricts access to credit reports…

Clever Dude

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I Asked ChatGPT Which Common Errors Can Delay Your Tax Refund — Here’s What It Said

Missed income, math errors, wrong bank information and IRS checks can stall your tax refund. Learn some of ChatGPT's top filing mistakes to avoid in 2026.

GOBankingRates

IRS Warns One Tax Filing Error Is Delaying Refunds for Thousands

Tax season brings enough stress without the lingering anxiety of a delayed refund. You likely already have plans for that money, such as a needed vacation or paying down high-interest credit cards. Weeks often pass while the tracking tool stays stuck on a processing status. This frustrating limbo leaves many…

Budget and the Bees

Middle-Class Earners: 5 ‘Tax Hacks’ That Could Backfire During Tax Season

The following are tax hacks that could backfire on middle-class earners this tax season.

GOBankingRates

Ask the Editor, March 6: Questions on the Senior Deduction and Tax Filing

In this week's Ask the Editor Q&A, Joy Taylor answers questions on the new $6,000 senior deduction and how to claim it on your tax return.

Kiplinger

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I Asked ChatGPT What Documents I Need for Tax Season — Here’s the Full List

In order to get a head start on my own tax filing, I asked ChatGPT what documents I need for tax season in the United States -- here's what it said.

GOBankingRates

Trump's soft landings: The officials moved rather than fired

Despite mass firings in his first term, the president has taken a lighter approach with some top officials.

Axios

How to avoid costly penalties when paying estimated taxes

‘I wiped out my emergency fund to pay the tax bill,’ freelancer Melanie Lockett said

The Independent UK

5 Recent Tax Changes That Make Informal Loans Less ‘Informal’ Under IRS Rules

A handshake used to seal plenty of deals. Now, the IRS wants paperwork, interest calculations, and in some cases, formal reporting to back it up. Plenty of families and small business owners rely on informal loans. A parent fronts money for a down payment. A friend helps launch a startup.…

Everybody Loves Your Money

How to get the biggest tax refund, according to experts

‘To be frank, tax season can be stressful, and people often neglect to include every applicable tax document, deduction, or tax position,” one expert said

The Independent UK

3 Ways to Lower Your Child Care Costs in 2026

Working parents can take advantage of tax breaks and local assistance programs.

Kiplinger

The Most Misreported Income Types on Tax Returns, According to Tax Preparers

Tax preparers reveal the income types most often misreported on tax returns and why these mistakes can trigger audits, penalties or delayed refunds.

GOBankingRates

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International Business Times UK

State Tax Refund Delays Warning: Don't File Until You Know If Your State Is Affected

Taxpayers in Idaho, New York, Oregon, South Carolina, and Washington, DC, may face refund delays due to budget cuts, software issues, and federal tax changes.

GOBankingRates

I Asked an Advisor Which Stocks Belong in a Taxable Account — Here’s the Logic

Learn which stocks and funds belong in a taxable brokerage account, and which to avoid, to minimize taxes, from dividends to real estate investment trusts.

GOBankingRates

Retirees Beware: 5 Distribution Missteps That Can Shrink Your Refund

Put the following five distribution missteps on your radar, so you don't inadvertently reduce your tax refund.

Fortune

Vinod Khosla thinks future presidential candidates should run on removing income tax for those making less than $100,000

The venture capitalist also wants to get rid of capital gains and treat all income as ordinary income to make up for the deficit.

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The Independent UK

Stella McCartney lets horses steal the show — and makes her point in Paris without saying a word

Ten horses — five black, five white — entered the sand ring first

The Independent UK

IRS’ new CEO dodges questions over why the agency gave taxpayer info to ICE

The IRS broke the law by disclosing confidential taxpayer information ‘approximately 42,695 times’

Saving Advice

Overpaid the IRS? 7 Situations Where Amending Your Taxes Makes Financial Sense

Many taxpayers assume that once a return is filed, the numbers are locked in forever—but that’s not always true. If you accidentally overpaid the IRS,...

The Independent UK

Record number of Americans are making 401(k) withdrawals to cover immediate expenses — but it comes at a heavy price

Hardship withdrawals from 401(k) accounts have tripled since pre-pandemic

Roll Call

House Democrats grill IRS chief over data-sharing concerns

Frank Bisignano was pressed on a court ruling that agency broke the law in disclosing and sharing data with Immigration and Customs Enforcement.

The Independent UK

Retiring soon? Expert explains how IRAs and 401(k) work

‘The tax advantages associated with IRAs and 401(k)s is what makes them powerful tools when saving for retirement,’ one expert said

GOBankingRates

I Asked a CPA About Crypto Gains — Here’s What Counts as a Tax Event

Did you sell, trade or mine cryptocurrency this year? A CPA explains which types of crypto transactions trigger IRS taxes and which moves aren't taxable.

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