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The Latest Breaking News from IRS

Alarming IRS Forecast Reveals A $500B Collapse In Revenue, Threatening US Financial Stability

Lower IRS collections this tax season due to workforce downsizing and dynamic taxpayer behaviour could increase the risks of the US Treasury being unable to repay bills on time and in full by June unless Congress hikes the debt ceiling.

International Business Times

Alarming IRS Forecast Reveals a $500B Collapse in Revenue, Threatening US Financial Stability

International Business Times UK

Federal workers describe dire conditions as they return to office, including BYO toilet paper and bringing garbage home

Federal workers are being forced to work in the office five days per week in consolidated office space with understaffed cleaning crews and dwindling office supplies

The Independent UK

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10 Best High-Yield Savings Accounts to Grow Your Tax Refund

If you're getting a tax refund this year and want to grow it, here are the best high-yield savings accounts to make it happen.

Kiplinger

TurboTax Review: Features, Pricing and Filing Options for This Tax Season

Is TurboTax worth it? Explore the pros, cons, pricing tiers and standout features of this popular tax software to see if it fits your filing needs.

Kiplinger

The IRS could collect $500 billion less in tax revenue, report says, and the US may run out of cash in a few months without a debt-ceiling hike

An expected 10% revenue decline is due to changes in taxpayer behavior and President Donald Trump's cuts to the IRS, according to The Washington Post.

Fortune

Tax season is a prime time for scams. IRS uncertainty could add to the issues this year

There’s a lot of information (and money) on the table during tax season

The Independent UK

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First Thing: Greenland PM accuses Trump of interference before visit by US delegation

Experts say US president’s expansionism is threatening rules-based global order in place since 1945. Plus, measles cases already higher than in all of 2024

The Guardian - UK

Trump news at a glance: reports of IRS data deal spark fears for undocumented migrant workers

Possible shift in taxpayer data use aligns with more aggressive Trump immigration policies – key US politics stories from Sunday at a glance

The Guardian - US

‘Chilling effect on free speech’: Trump wants green card applicants already legally in the US to hand over social media profiles

USCIS said the vetting of social media accounts is necessary for “the enhanced identity verification, vetting and national security screening.” Critics say it crushes free speech

The Independent UK

ICE Nearing Deal With IRS to Get Addresses of Suspected Undocumented Migrants: Report

The Internal Revenue Service and U.S. Immigration and Customs Enforcement (ICE) are working on an agreement under which the IRS would use the tax data of people suspected of being in the country illegally in order to authenticate names and addresses.

Latin Times

IRS nears deal with Ice to share data of undocumented immigrants – report

Immigration officials could give names and addresses, raising concerns about Trump administration’s abuse of power

The Guardian - US

AI-powered tax scams are here - how to stay safe from deepfakes, phishing and more this tax season

Tax season is almost here and this year there have been warnings about new AI-powered scams in addition to phishing and impersonation attacks.

Tom’s Guide

How Roth Accounts Can Ease Your Tax Burden in Retirement

Strategic Roth IRA conversions can set you up for tax-free income in retirement and a tax-free inheritance for the people you love.

Kiplinger

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Kiplinger

Tax Diversification: Smart Ways to Preserve Your Nest Egg

A long and active retirement may be costly — and may even bump you into a higher tax bracket. Paying some taxes on your savings now could be the answer.

The Independent UK

IRS braces for $500bn drop in revenue as taxpayers skip filings in wake of DOGE cuts at agency

Individuals were ‘wagering that auditors will not examine their accounts’ amid DOGE’s plans to downsize the IRS by nearly 20 percent ahead of tax filing season

Fortune

Fired by Elon Musk’s DOGE, then reinstated by a judge, thousands of federal workers are living in limbo

“It’s beyond demoralizing."

Reason

Short Circuit: A Roundup of Recent Federal Court Decisions

Corner crossing, prison typewriting, and an interview with Webster Bivens.

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news in one place.

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Fortune

The IRS may owe you over $3,000 this year. Here’s how you can use it to build long-term wealth

The average tax refund is over $3,300 this year, according to the IRS—but financial experts say that means you are giving the government a free short-term loan.

Latin Times

Trump Administration Confirms 'Ongoing Talks' to Share Immigrant Tax Data with ICE

A U.S. District Judge declined on Wednesday to block potential IRS data sharing with DHS in immigration cases

Kiplinger

Maximizing Retirement: Seven Sources of Non-Taxable Income in 2025

Leveraging non-taxable income in retirement can help preserve your hard-earned money.

International Business Times

Trump Admin Reinstating 25,000 Fired Federal Workers – Which Agencies Are Bringing Them Back?

Court filings on Monday revealed that 18 federal agencies terminated probationary employees, but after a ruling by U.S. District Judge James Bredar, efforts are underway to reinstate them.

The Independent UK

IRS $1,400 stimulus check deadline is soon — here’s who is eligible and how to claim

IRS warns that taxpayers who fail to file their returns by April 15 could forfeit the pandemic-era relief payment

Fortune

Trump's job cuts are forcing the IRS to cancel several large audits, which could result in tens of billions in lost revenue for the government

That could cost the country billions in revenue.

Kiplinger

Will Your State End Tax on Tips This Year?

While President Trump spearheads federal talk on tips, several key states are considering ending taxes on tip income.

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