IRS
Latest News
What is a qualified charitable distribution? The smart move retirees can use to maximise their tax break
How retirees can use qualified charitable distributions to cut taxes while giving back
IRS furloughs 35,000 workers, causing chaos
Shutdown triggers mass furloughs, delays, and confusion inside the nation’s tax agency
Good news for IRS taxpayers – This is the IRS Form 1099-K threshold change for the 2026 tax season with the ‘$600 Rule’
Congress rolls back the $600 reporting rule, bringing relief to millions of small business owners, freelancers, and online sellers.
Good news for millions of Americans sending remittances in January 2026 – The IRS issues significant penalty relief with Western Union, MoneyGram and Wise
IRS grants a temporary grace period for banks and money transfer companies to adjust to the new 1% remittance tax starting in January 2026.
Bad news for millions of Americans – These are the taxpayers who will have problems with the IRS on October 15 if the government...
Taxpayers using the October 15 extension could face delays, limited IRS support, and processing issues if the government shutdown continues.
Head of Social Security named new IRS chief — what taxpayers should know
Frank Bisignano takes on the unprecedented task of leading both the IRS and Social Security Administration, raising concerns about stability and privacy.
Good news for cryptocurrencies in the United States – The IRS is open to relaxing the 15% tax rules for cryptocurrency giants in the...
How the IRS is rolling back 15% tax rules for big crypto holders
No more paying higher taxes in 2026 – These are the taxes that the IRS will not touch for the next tax season in...
Which incomes stay untouched by the IRS in 2026
What happens to IRS tax extensions during the government shutdown?
IRS confirms Oct. 15 tax deadline remains in place despite government shutdown
Good news from the IRS for millions of Americans – A new change in the law allows Americans to reduce their tax bill to...
How new deductions and credits could wipe out your 2026 federal income tax
Should you pay off your mortgage or invest for retirement? Why the choice matters for your financial health
Balancing debt and savings could shape the comfort and security of your retirement years.
How many ships make up the Gaza Sumud Flotilla, what nationalities are its activists, and where have they been detained by Israel?
Hundreds of international activists detained after Israel intercepts 40-ship flotilla bound for Gaza
Bad news for thousands of Americans with the IRS – These are the two measures it is taking to avoid paper refund checks for...
How the IRS plans to phase out paper refund checks and what it means for you
What is Schedule 1-A, the new IRS form that allows taxpayers to claim these 2025 deductions in the upcoming tax season
This article is a comprehensive guide to the 2025 tax deductions for tips, overtime pay, and car loan interest
An IRS computer error resulted in incorrect penalty notices being sent to hundreds of taxpayers – Check to see if you are among those...
An IRS computer glitch sent incorrect penalty notices to hundreds of taxpayers
Good news from the IRS for thousands of American workers – Announces significant tax relief for farmers and ranchers who meet these requirements
New IRS rules give farmers and ranchers more time to replace livestock sold during drought, helping ease financial pressure.
What will the IRS tax brackets be in 2026? A new projection suggests increases in the reference rates with incomes of up to $768,701...
New projection suggests increases to benchmarks with incomes up to $768,701
How is capital gains tax calculated and which gains are taxable?
A step-by-step guide to understanding capital gains, how they’re taxed, and which profits you need to report
What are the deadlines to pay taxes without interest or penalties?
As far as the Internal Revenue Services is concerned, they have set deadlines on filing the returns and on making the payments, each of which comes with consequences if the specified date is missed.
Major IRS changes for millions of Americans – Here are the rules on when you will receive a 1099-K form for online ticket sales...
The IRS has rolled back confusing reporting rules for 1099-K forms, but ticket sellers and online resellers still need to know when taxes apply.
Neither Florida nor New York – This is the state with the most H-B1 visas in the US with skilled workers who will be...
California holds top spot for H-1B visas and faces major impact from new $100,000 fee
Goodbye to paper IRS payments – These are the unbanked households in the US that will continue to receive physical refund checks after September...
Everything you need to know about paper IRS Payment including when the IRS will stop sending paper refund checks to some households.
IRS announces per diem rates that will apply from October 1, 2025
IRS keeps 'high-low' per diem rates for business travel unchanged
Good news for wealthy taxpayers – IRS estate and gift tax exemption rises to $15 million in 2026
New law locks in higher exemption, letting couples shield up to $30 million from estate and gift taxes starting in 2026.
IRS releases draft copy of Schedule 1-A for 2025 deductions on tips, overtime pay, car loan interest
IRS introduces Schedule 1-A: Claim new deductions on tips, overtime, car loans, and senior benefits for 2025