The Latest Breaking News from IRS

For years, homeowners in high-tax states have complained about the $10,000 cap on State and Local Tax (SALT) deductions. It felt like a penalty for living in a nice neighborhood with good schools. Washington finally moved the needle, and the new tax legislation has technically raised that cap to $40,000…

Tax season officially opens on January 26. But you'll have one less way to submit your tax return for free. Here's what you need to know.

The moment feels triumphant. You’ve built a retirement account, life throws a curveball, and there’s money sitting right there with your name on it. Tap it now, sort things out, move on.

For many retirees, being organized is a point of pride. The moment the clock strikes midnight on New Year’s Eve, the hunt for the 1099s...

The package moves now to the Senate, which isn’t expected to take it up until the final week of January after a week-long recess.

Around 6 in 10 Americans have expressed that they have anxiety about being audited at tax time. As the IRS taps into AI and other tools, the fear of being audited is at an all-time high. The IRS has recently expanded its use of third-party data analytics and digital behavior…

It’s a wonderful moment when Venmo confirms a payment has hit your bank account, especially when it’s a garage or yard sale. A stranger happily walks away with your old coffee table, and you feel like a decluttering champion who just earned a few extra bucks.

January is usually a month of fresh starts, new resolutions, and maybe a little post-holiday gloom—but this year, many middle-class families opened their first paycheck of the year and got hit with a jolt that didn’t involve the gym or a diet plan. Somehow, magically, their take-home pay shrank. Not…

The passage of the One Big Beautiful Bill Act (OBBBA) was heralded as a historic win for American retirees, promising a massive $6,000 tax deduction...

If you regularly use apps like Venmo, PayPal, or Zelle to split dinner checks with friends or send a birthday gift to a grandchild, you...

If you recently checked your bank account and found that your 2026 Social Security “raise” was closer to the price of a cup of coffee...