The IRS is also sending clear warnings to people who used payment apps like PayPal, Venmo or Cash App, as well as guidance on a surprise $1,776 payment that many families received. Some changes are meant to prevent fraud, while others are designed to clarify tax rules. But if you are not prepared, they could…
Many student loan borrowers who get their debt forgiven in 2026 can expect a hefty tax bill next year. That’s because a law that shielded the relief from taxation at the federal level — part of the American Rescue Plan Act of 2021 — expired in December. READ MORE
After shedding more than a quarter of its employees last year, the IRS is looking for opportunities to eliminate and consolidate office space. Before the Trump administration, the IRS workforce had about 100,000 employees, but now has fewer than 75,000 full-time staff. Most employees either accepted voluntary separation incentives or retired. READ MORE
If you’re trying to plump up your nest egg or stretch your retirement savings, every dollar you can keep in your pocket counts. To help with that effort, the 2026 tax season arrives with a host of changes that could cut your 2025 tax bill. Read more
