The Latest Breaking News from IRS

In this week's Ask the Editor Q&A, Joy Taylor answers more questions about the use of qualified charitable distributions (QCDs) in end-of-year tax planning.

The lawyer's claims that plaintiffs had violated federal law were opinions based on disclosed facts, the court concludes.

Federal immigration officers in the Chicago area will be required to wear body cameras, U.S. District Judge Sara Ellis said Thursday after seeing tear gas and other aggressive steps used against protesters

The IRS has increased the exemption as we enter into a promising tax year for estates and inheritances.

If you’re self-employed or run a small business with no full-time employees, a solo 401(k) can be a powerful tool for retirement savings. The ability to contribute both as an employee and employer opens the door to much higher annual limits. But just hitting the basics might mean you’re leaving…

Your IRA is meant to be a powerful tool for your retirement, but making the wrong move with withdrawals can cost you big time. Too many people dip into their IRA without realizing the penalties that can eat away at their savings. The rules around early withdrawals, taxes, and required…

Across the United States, more people are choosing to remain child-free—and that decision may come with unexpected financial consequences. While the IRS doesn’t explicitly penalize those who opt out of parenthood, the tax code heavily rewards families with dependents through credits and deductions. For child-free couples, that can feel like…

The administration is seeking to ‘weaken the involvement of IRS lawyers in criminal investigations,’ according to a report

The Trump administration is reportedly gearing up to broaden the scope of Internal Revenue Service (IRS) investigations, potentially targeting left-leaning groups and major Democratic donors.

Taxes don’t get simpler after retirement—they just change shape. Between pensions, Social Security, part-time income, and required withdrawals, even small missteps can create major headaches....

"No Tax on Overtime" In Action: Will your 2025 tax return deliver a big boost? See if the beautiful bill act gives you an overtime pay tax break!