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The Latest Breaking News from IRS

Vishing is one of the fastest-growing types of cybercrime, making it urgent to know how it works and avoid becoming a victim. This article tells you what you need to know about vishing and how to avoid falling victim to it.

TechRadar

Standard deduction vs. itemized deductions: Which is better?

It might seem easier to take the standard deduction rather than itemize your deductions, but you should weigh this question carefully.

The Street

They’re back: Cohen and Avenatti return to spotlight at Trump trial

Trump’s former fixer to appear as prosecution witness, while Avenatti, serving prison sentence, willing to testify for defense

The Guardian - US

From analysis to the latest developments in health,
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All Rivians Under The $80,000 Price Cap Qualify For $3,750 Federal Tax Credit

The 2024 Rivian R1S and Rivian R1T models have been officially listed by the IRS among electric cars eligible for the $3,750 federal tax credit.

InsideEVs

1031 exchange: How it works

Whether you're a first-time investor or a seasoned property owner, a 1031 exchange can impact your tax strategy significantly. Here's how.

The Street

Wash sale rule: What is it, how does it work, and more

Learn more about the wash sale rule and how it can impact your decisions around buying and selling stocks.

The Street

Can You 1031 Exchange into a REIT?

No, you can't, but two other REIT-like alternatives let you defer capital gains taxes while giving you exposure to institutional-quality real estate assets.

Kiplinger

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Retirees Face Significant Tax Bills Due to Fraud

A new report sheds light on how older adult scam victims end up with big tax bills and lost retirement savings.

Kiplinger

More than half a billion dollars of taxpayer money has paid for other people's EVs

Thanks to new rules, the IRS has paid an eye-watering amount to help other people buy EVs.

The Street

H&R Block server outage leaves tax day filers hanging — here's what you can do

An H&R Block server overload is preventing thousands from e-filing their taxes today. Here's how you can get around the issue for free and dodge late fees.

Laptop

The U.S. Paid $580 Million In Point-Of-Sale EV Tax Credits So Far This Year

The U.S. government's support scheme seems to be pretty popular, with the IRS receiving about 100,000 time-of-sale EV reports so far.

InsideEVs

When rogue brokers switch a person's ACA health insurance, tax surprises can follow

Some tax filers' returns are being rejected because they failed to provide information about Affordable Care Act coverage they didn't even know they had.

WEKU

It’s Tax Day: Is the Post Office Open Late?

Tax Day is here and some people need to mail their federal income tax returns.

Kiplinger

IRS Exceeds Tax Filing Service Goals, Seeks Sustained Funding

IRS successfully met service goals for tax filing season despite challenges, emphasizing need for sustained funding.

Top News

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Kiplinger

Seven Ways to Spend Your Tax Refund

You may want to splurge, but using your tax refund to save for the future or pay down debt is a much better idea — even if not as fun.

Reason

Don't Forget To Claim Drug Dealing Income on Your Taxes

According to IRS guidance, any income derived from illegal activity is taxable, and there's no statute of limitations on when they can go after you.

Kiplinger

High Earners: Beware of These Illegal Schemes to Lower Taxes

The IRS says high-income filers are targets for several illegal tax schemes.

The Street

Elizabeth Warren targets TurboTax with hilarious ad promoting free tax filing service

The senator teamed up with a comedian who also went after TurboTax in the past.

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WEKU

Biden to hold summit with Japan, Philippines; FAFSA delays threaten college enrollment

President Biden hosts the leaders of Japan and the Philippines. Fewer high school seniors are completing their FAFSA form.

The Guardian - US

Four big tax myths flying around on TikTok: ‘Anyone who follows this is in for a world of hurt’

As Tax Day approaches, accountants debunk some money-saving claims that are a little too good to be true

WEKU

Five things to know as the tax deadline looms

April 15th, the deadline to file your income taxes, is just around the corner. Filings so far this year are on track with last year's, while the average refund is slightly larger.

The Guardian - US

Gerald Ford foundation accused of not honoring Liz Cheney over Trump fears

Ford’s White House photographer resigns from board, alleging it refused to honor Republican over fear of retribution

Kiplinger

Mailing Your Tax Return This Year? What to Know Before You Do

There are plenty of reasons not to mail your tax return this year, but here’s what you should know if you are.

Kiplinger

How to Spot a Social Security Scam (and What to Do About It)

Here are a scam's red flags and how to report it if someone tries to scam you. The first things to do if a scammer contacts you: Remain calm and ignore them.

Reason

The White House Lied About Its IRS Funding Only Targeting the Rich

Plus: A listener asks the editors for examples of left-leaning thinkers who also hold libertarian ideas.

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