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The Latest Breaking News from Tax Return

The surprising thing hundreds of people did with the last hour of 2025

But 5 million people still need to file their self-assessment tax return before the deadline

The Independent UK

342 people filed tax return in the last hour of 2025, says HMRC

Nearly 5.65 million people still need to file their self-assessment tax return before the January 31 deadline.

Evening Standard

Gift Aid doesn’t just help charities - it might boost your tax position too

Though charitable donations are altruistic, it doesn’t hurt to understand the tax advantages

The Independent UK

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

How To Get a Head Start on Your 2026 Tax Return in January — Tax Experts Share 8 Moves

By taking a few intentional steps in January, you can smooth out your tax burden, reduce errors and make the 2026 filing season far less stressful.

GOBankingRates

IRS Says You Made a Tax Return Mistake? A New Law Could Help You Fight Back

Updated taxpayer protections change what the IRS must explain on error notices and how long you have to respond.

Kiplinger

How Much You Can Save on New Car Purchases in Every State Under Trump’s Tax Bill

A new deduction based on income lets you save money on a new auto purchase, but how much you'll save will vary state by state. Here's the savings breakdown.

GOBankingRates

Here’s How the One Big Beautiful Bill Will Impact Tax Returns in Every State

See which states save more than $2,000 annually.

GOBankingRates

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Trump’s $2K Promise: What It Could Mean for Your 2026 Tax Return

Trump’s $2,000 dividend promise has left many asking a lot of questions, like what it could mean for taxes. Find out how your refund could be impacted.

GOBankingRates

Congress Passes IRS Math And Taxpayer Help Act – What It Means For Your Tax Mistakes

A bill awaiting President Donald Trump's signature aims to make IRS error notices clearer and easier to understand. The IRS Math and Taxpayer Help Act would require the agency to spell out exactly what mistake was found on a tax return, how much tax is owed, how to respond and…

Benzinga

The rise of the AI accountant: Cheaper. Faster. Riskier?

Taxfix recently conducted a survey of people who file Self Assessment tax returns in the UK and found that 59% plan to use AI tools to help them complete their returns ahead of HMRC’s 31 January deadline.

TechRadar

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…

The Free Financial Advisor

Ask the Editor, October 3: Tax Questions on the Charitable Deduction

In this week's Ask the Editor Q&A, we answer reader questions on the charitable deduction.

Kiplinger

Living and Working in Different States Can Be a Tax Headache

Living in one state and working in another can trigger several tax issues. Here are several key points to consider if you find yourself in this situation.

Kiplinger

HMRC handed out £5.5m in late tax return fines in one year

The initial fine of £100 increases by £10 a day to a maximum of £900.

Evening Standard

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Everybody Loves Your Money

10 Side Hustle Bonuses That’ll Hurt Your Tax Return More Than Help

Side hustles feel like the ultimate cheat code to financial freedom—extra cash, flexible hours, and that sweet taste of independence. But when tax season rolls around, those “bonuses” can backfire faster than a bad business idea.

Kiplinger

Ask the Editor, August 29: Tax Questions on Estate and Gift Taxes

In this week's Ask the Editor Q&A, we answer questions from readers on estate and gift taxes.

Newslaundry

BJP MP tweets ‘tax return of great journalist’, Abhisar Sharma and others say breach of privacy

BJP MP Nishikant Dubey tweeted an alleged ITR document to claim a massive rise in the income of a journalist after he left his job to “abuse” Prime Minister Narendra Modi and the BJP. Who was this journalist? He left his followers to guess.

The Free Financial Advisor

10 Unexpected Tax Filings Required After Financial Gifts

Giving or receiving financial gifts can be a generous act, but it often comes with tax responsibilities that many overlook. The rules around tax filings after financial gifts are more complicated than most expect. If you don’t follow the IRS guidelines, you could face unexpected penalties or paperwork headaches down…

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news in one place.

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Saving Advice

9 Hidden Deductions Retirees Miss on State Income Tax Returns

Retirement is often portrayed as a time of financial simplicity. No more paychecks to track, no more yearly raises to calculate, and, for some, no...

The Free Financial Advisor

6 IRS Letters That Could Signal Trouble — Even If You Think You Filed Correctly

Few things create more anxiety than receiving unexpected mail from the IRS. Even if you are confident your tax return was accurate and submitted on time, certain notices can indicate potential problems. These letters often require a timely response and may involve additional documentation, payments, or explanations. Knowing the meaning…

The Free Financial Advisor

Why Some Senior Tax Credits Disappear Once You File Jointly

For many older couples, filing a joint tax return seems like the most logical choice. It often comes with a lower overall tax rate and simplified paperwork. However, the decision can also trigger an unpleasant surprise — certain valuable tax credits may shrink or vanish entirely. Understanding why some senior…

The Free Financial Advisor

What Happens if You Use Tax Software After Fraudulent Activity?

If you’ve ever worried about tax fraud, you’re not alone. Tax fraud can happen to anyone, and it’s a real headache. Maybe you found out someone used your Social Security number. Maybe you noticed a strange tax return filed in your name. Now, you’re wondering: what happens if you use…

TechRadar

TaxScouts review

TaxScouts is all about getting your tax return for you – by accredited accountants – in as little as 2-3 days.

TechRadar

TaxCalc review

Well-proven software that can guide anyone through filing their tax return.

The Free Financial Advisor

The Financial Clue That Tells the IRS You’re Hiding Assets

Trying to hide assets from the IRS is risky. The IRS has many ways to spot red flags, and one financial clue stands out. If you’re not careful, this clue can trigger an audit or even a criminal investigation. Most people don’t realize how easy it is for the IRS…

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