The Latest Breaking News from IRS

Filed your taxes wrong in 2026? Learn what types of mistakes could trigger delays, penalties or audits. Also discover how you can fix the errors fast.

‘A good tax professional helps reduce avoidable mistakes, asks the right follow-up questions, and makes sure the return is consistent and well-documented,’ one expert said

A single life event like an inheritance or home sale can complicate your tax situation. Some of these tax triggers may change what you owe if you don't act.

In this week's Ask the Editor Q&A, Joy Taylor answers questions on federal income tax deductions

For the last eight years, tax season was deceptively simple for most Americans. Thanks to the 2017 Tax Cuts and Jobs Act (TCJA), the Standard Deduction was so high, nearly $30,000 for couples, that 90% of taxpayers stopped tracking receipts. You didn’t need to log your charitable donations, medical bills,…

This conflict of interest has a conflict of interest.

When Super Bowl LX hype fades, some fans may be surprised to learn that sports betting tax rules have shifted.

You triple-checked your numbers, used reputable tax software, filed on time, hit “submit,” and confidently waited for that sweet refund to hit your bank account. And then… nothing.

When you are younger, the main goal of tax planning is simply to lower your taxable income. After age 62, the game changes completely. The...

Here are tax strategies you can still make that matter and why they can have a huge impact.

Most people expect Social Security to change only when they get an official letter, but the first clue is often smaller: a deposit that’s lower...