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The Latest Breaking News from IRS

IRS did better than expected in tax season after slashing staff, except on the phone, watchdog says

The national taxpayer advocate says the IRS did better than expected in issuing refunds during the 2026 tax season despite massive cuts to its workforce

The Independent UK

Ways The 2026 Roth Catch-Up Rule Can Change Your Tax Plan After 50

Retirement planning just got a fresh twist, and it hits hardest for workers turning 50 and beyond. The 2026 Roth catch-up rule shifts how extra retirement savings get taxed, especially for higher earners. Instead of quietly adding more pre-tax contributions, some savers will need to think in Roth terms, which…

The Free Financial Advisor

7 Advisor Red Flags to Watch When Retirement Advice Involves AI or Crypto

Retirement planning has entered a flashy new era where artificial intelligence tools and cryptocurrency strategies often take center stage. Exciting promises about smarter investing and faster returns can sound impressive, especially when they come packaged in sleek dashboards or confident pitches. But retirement savings deserve careful protection, not high-pressure experiments…

The Free Financial Advisor

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FTC Says Government-Imposter Scams Up 40% and Cost Victims $3.5 Billion — Spot the Red Flags Before You Pay

Have you ever received a text or unexpected message from a government agency (like the IRS)? Well, join the club. A growing number of Americans...

Saving Advice

35 Retired Federal Judges Slam Trump's 'Laughable' Defense of His 'Obviously Collusive' IRS Settlement

The DOJ's unilateral abandonment of the Anti-Weaponization Fund "makes it crystal clear that these parties were never adverse," the former judges argue.

Reason

‘A lot of our parents were paid by the hour’: a first-gen money coach’s blueprint for wealth

Maria Melchor grew up undocumented in Connecticut. Now she’s helping other first-generation Americans build wealth

The Guardian - US

Cash Balance Plans Aren't Gimmicks: Why High Earners Should Reconsider This Bona Fide Planning Tool

Cash balance plans are underused despite their potential to boost retirement savings and reduce tax liability for high earners. Time to give them another look.

Kiplinger

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Trump’s DOJ refuses to supply signed statements saying ‘slush fund’ is really dead

Top DOJ lawyer says it’s ‘unnecessary’ to put the end of the $1.8 billion comensation fund in writing

The Independent UK

CM Shivakumar announces one more Karnataka Bhavan in Delhi for civil servant aspirants

Karnataka's Cabinet has greenlit significant developments, including a new Karnataka Bhavan in Delhi for competitive exam aspirants, costing Rs 80 crore. The state will also acquire 620 new buses for transport corporations and invest heavily in healthcare, with a Rs 100 crore super-speciality hospital planned for Yadgir. Exemptions for rural…

The Economic Times

Ask the Tax Editor, June 19: Estimated Tax Payments and Withholding

In this week's Ask the Editor Q&A, Joy Taylor answers tax questions on federal estimated tax payments and federal income tax withholding.

Kiplinger

I'm a Financial Adviser: If You Want to Give Money to a Child in Your Family, Some Options Are Better Than Others

Want to save for a child's future? Here's a look at the most common account types for starting their nest egg, even if you don't know what they'll need at 18.

Kiplinger

U.S. Treasury previews guidance for federal Education Freedom Tax Credit scholarship program

On June 10, the U.S. Department of the Treasury issued a preview of the forthcoming guidance implementing the Education Freedom Tax Credit (EFTC) scholarship program, which is set to take effect on Jan. 1, 2027. President Donald Trump (R) enacted the tax credit as part of the One Big Beautiful…

Ballotpedia

Got $1 Million Saved for Retirement? Here Are the Huge RMDs the IRS Makes You Take at Ages 73, 75, 80 and 85

If you have $1 million saved for retirement, your RMDs will change every year. Find out exactly how much you must withdraw at ages 73, 75, 80 and 85.

Kiplinger

Doctor arrested for bludgeoning, stabbing domestic help to death in south Delhi's Mount Kailash

A 45-year-old woman was found dead on a terrace in South Delhi. Police arrested a doctor, Manish Gupta, who allegedly killed her with a bat and knife. The victim, Meena, worked as his domestic help for 15 years. The motive remains unclear, though a personal dispute is suspected. This incident…

The Economic Times

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Clever Dude

The EV Charger Tax Credit Ends June 30, 2026: 6 Rules Homeowners Should Check Before Installing One

Electric vehicle charging keeps reshaping how homeowners power their daily routines, but a major financial perk is heading toward a deadline. The federal EV charger tax credit ends on June 30, 2026, and that date changes how homeowners plan upgrades. Installing the wrong equipment or missing a requirement can wipe…

The Free Financial Advisor

The 2026 401(k) Limit Is $24,500: 6 Ways Workers Can Use the Higher Cap Before Year-End

Retirement savers just received a little extra breathing room. The IRS announced that the 401(k) contribution limit will increase to $24,500 for 2026, giving workers another opportunity to build long-term wealth while reducing taxable income in many cases. The increase may look modest at first glance, but small adjustments often…

Kiplinger

Could Your ZIP Code Cut Your Federal Taxes? New Bill Explains How

The location-based tax cut would expand federal brackets for high-cost areas in New York, California, Florida and more. Here's who would qualify.

The Guardian - US

At age 18, he’s already graduated law school. Now he wants to fight ‘extremely predatory’ social media companies

Jimmy Chilimigras graduated high school at 12 and is now pursuing a master of laws degree – and he wants to find ‘an area to do some good’

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Saving Advice

6 Required Minimum Distribution Rules Retirees Should Recheck Before Year-End

One of the most costly mistakes retirees can make is not knowing the rules regarding Required Minimum Distributions (RMDs). The IRS has a set of...

AAP

Five ways to avoid tax penalties in 2026

Uneven income can make estimated taxes tricky

The Independent UK

How to keep more cash flowing with the pay-as-you-go tax method

Uneven income can make estimated taxes tricky

The Mary Sue

Elon Musk Is the World’s First Trillionaire. Disgusting

Elon Musk has officially broken the record for becoming the world’s first trillionaire. Online reactions have varied, with some congratulating Musk and others criticizing the obscene wealth he has amassed. According to Bloomberg, Tesla and SpaceX founder became the world’s richest man in history after his net worth reached $1.1…

Reason

Trump's Lawyers Insist There Is 'No Evidence' of 'Collusion or Fraud' in His 'Settlement With Myself'

The sweet deal that resolved the president's fatally flawed lawsuit against the IRS was business as usual at the DOJ, his attorneys told a federal judge.

Reason

"American Diabetes Association Ejects Researchers from Conference for Sharing Editorial from Its Own Journal"

Aaron Terr (FIRE) reports, based on accounts from various publications. Some excerpts: The incident occurred outside a conference hall where… The post "American Diabetes Association Ejects Researchers from Conference for Sharing Editorial from Its Own Journal" appeared first on Reason.com.

Kiplinger

How to Learn to Stop Worrying About the Gift Tax and Give Your Kids Money Already

You have to let the IRS know about large gifts, but tax consequences aren't a concern for most families.

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People

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