The Latest Breaking News from IRS

The average refund in 2025 was around $3,000, which means that if you're getting a refund, you're likely overpaying the IRS.

In this week's Ask the Editor Q&A, Joy Taylor answers questions on IRAs, 401(k)s and required minimum distributions

Retirement is a huge milestone. Naturally, you spent decades working toward it. However, the party eventually ends. Once the steady paychecks stop, the reality of a fixed income sets in. Honestly, this shift feels strange. In a way, you switch from saver to spender. Suddenly, every dollar leaving your account…

“It’s like taking the dust jacket off of the book and saying, ‘We’ve got rid of the book,’” one federal employee said.

As the year winds down, many people start thinking about holiday plans, New Year’s resolutions, or how fast the months flew by. Few, however, pause to consider one of the most exciting things a savvy taxpayer can do: cut their tax bill before December 31st. Yes, it’s thrilling in its…

The IRS Criminal Investigations unit is doing more than just cracking down on tax evaders

Several categories of gifts don’t count toward annual gift tax limits. Here's what you need to know.

We break down the IRS rules for non-cash charitable contributions. Plus, here's a handy checklist before you donate to charity this year.

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

The Trump Account is a new investment account for kids that’s scheduled to launch in 2026, and there’s a huge signing bonus for all eligible newborns. Thanks to a huge donation from the Dells, that signing bonus just got bigger.

More people are considering annuities to achieve tax-deferred growth and guaranteed income, but deciding if they are right for you depends on these key factors.