The Latest Breaking News from IRS

Signing up for Medicare feels like it should be a milestone to celebrate, but for many new retirees, it is a minefield of irreversible decisions....

Your phone rings. The voice on the other end sounds official. Maybe it’s the IRS, your bank, or even a grandchild in trouble. But something feels off. In today’s world, phone scams are more sophisticated than ever, and falling for one can cost you thousands. That being said, being aware…

Your phone rings, and the caller ID clearly says ‘Internal Revenue Service.’ The voice on the other end is professional, authoritative, and perhaps a little bit intimidating. They mention a discrepancy in your 2023 filing and warn that legal action is imminent if you do not resolve it immediately.

The holiday decorations are barely put away, and yet the most stressful season of the year is already knocking on your door. Tax season officially kicks off this Monday, January 26, and the IRS is already bracing for the impact.

In this week's Ask the Editor Q&A, Joy Taylor answers questions on reporting income and loss from residential rental property.

As the 2026 tax filing season approaches, many seniors are operating on “autopilot,” planning to claim the same deductions they have used for the last...

Keep reading to find out who qualifies and how to claim the deduction.

Selling old clothes on Poshmark or splitting dinner bills on Venmo recently caused unnecessary panic. Many feared the “$600 Rule” and the wave of tax paperwork it would bring. Fortunately, the IRS announced another delay for the 2026 tax season. The reporting threshold will rise to $2,000 instead of the…

A late-stage IRS clarification and new tax relief measures could result in lower tax bills and increased refunds for up to one million filers in 2026.