The Latest Breaking News from IRS

The first formal human-rights complaint against Trump's Caribbean boat strikes secures backing from a Colombian family.

Plus: Tennessee election results, Three Mile Island controversy, immigration enforcement will hit Somali community, and more...

Tax law changes every now and again, so it's good to keep abreast of the new updates that might affect your life. Even if you're retired, some recent changes to income tax brackets and tax deductions...

Set yourself up for success as the year winds down

Campaigners have claimed that defining what pornography actually is could be too difficult to determine whether OnlyFans creators should be exempted from the ‘no tax on tips’ law

Picture this: you’ve finally cracked the code. Your freelance gig, whether it’s designing logos, editing podcasts, or ghostwriting blog posts, pulls in a cool $10,000 this year. You’re high‑fiving yourself, imagining new gear, maybe a vacation, or just the sweet relief of not living invoice to invoice. Then tax season…

Crypto once felt like the Wild West, with anonymous wallets, digital freedom, and no middlemen in sight. For years, small investors rode the wave, dabbling in Bitcoin or Ethereum and even flipping NFTs, all under the quiet assumption that the IRS wasn’t watching too closely. That illusion has now collapsed,…

Series I U.S. savings bonds are a popular investment, but the federal income tax consequences are anything but straightforward.

The IRS laid off or lost a quarter of its workforce between January and May, dropping from 103,000 to around 77,000 employees, according to the October Treasury Inspector General for Tax Administration report. Now, it’s turning to artificial intelligence to help fill the gaps.