2026 tax brackets established by the IRS. Here’s what we understand.
The Internal Revenue Service has revealed the updated tax brackets for the 2026 tax year, alongside modifications to the standard deduction and various credits, including the earned income tax credit and inheritance tax credit. This update will come into effect for taxpayers when they file their 2027 returns. What does the new tax structure look […]
IRS whistleblowers disclose ‘unusual’ Biden corruption covered up by Hunter’s pardon
IRS whistleblowers Gary Shapley and Joseph Ziegler recently shared their insights during a “Pod Force One” interview, discussing the remarkable level of corruption they allegedly encountered while looking into Hunter Biden’s financial matters prior to a pardon from President Biden. Both Shapley and Ziegler, who have since advanced to leadership roles at the IRS, indicated […]
IRS Reveals New Tax Credit for 2027
IRS Unveils New Education Tax Credit Guidance The Internal Revenue Service (IRS) has released guidance that sets the stage for an important education tax credit set to launch in 2027. According to the IRS, the Treasury Department will permit states to enroll early in this new program, which is part of a larger federal tax […]
This tax strategy is among the IRS’ best-kept secrets for retirees. Why do 90% of retired Americans overlook it?
Maximizing Charitable Giving for Retirees The holiday season often inspires retirees to give back generously, and there’s a useful IRS-approved method that could make this even more effective. Qualified Charitable Distributions (QCDs) allow individuals to donate directly from their IRA, which can lower their tax bills while supporting chosen charities. This method is described by […]
IRS Provides Information on Expanded Health Savings Accounts Due to New Tax Law
IRS Update on Health Savings Accounts (HSAs) The IRS has put out new information regarding changes to Health Savings Accounts (HSAs) as part of the One Big Beautiful Bill Act (OBBBA). This legislation broadens the eligibility criteria for HSAs and modifies the rules surrounding high-deductible health plans (HDHPs). This guidance outlines recent changes and clarifies […]
IRS stops Direct File. What are my options for filing my taxes for free now?
Direct File, the free tax filing tool from the IRS that didn’t last long, is set to shut down less than two years after it began, all due to changing priorities in Washington. During its brief existence, Direct File gave taxpayers a straightforward, no-upsell option for submitting their federal taxes for free. By the 2024 […]
IRS agents might need to monitor OnlyFans due to uncertainty about Trump’s tax policy on tips.
It seems like there’s going to be a real eye-opener regarding pornography. IRS officials may find themselves needing to keep an eye on OnlyFans to figure out what falls under the category of “pornographic activity” as opposed to what might be exempt from President Trump’s tip tax exemption. In July, the president signed the One […]
IRS discontinues well-liked free service before the 2026 tax season: What happens now?
IRS Shuts Down Direct File Tax Service The Internal Revenue Service has discontinued a widely used service that allowed taxpayers to file their taxes directly without cost. This initiative, known as Direct File, was launched by the U.S. Treasury and the IRS in early 2024, aiming to help people file taxes independently and save money. […]
IRS releases alert: Take this action before the year’s conclusion
Taxes tend to be a yearly headache for many in the U.S., and the IRS is sending a pretty clear message as we approach filing season: Don’t procrastinate. “It’s really never too early to get ready for the 2026 tax season,” the agency recently mentioned in a statement. They’re urging taxpayers to begin gathering their […]
IRS agents will have to monitor OnlyFans under new law about tips not being taxed.
IRS employees are now expected to view adult content on OnlyFans to determine if it qualifies for a tax exemption under the “tip tax exemption” law, part of President Donald Trump’s Big Beautiful Act, which was enacted on July 4, 2025. This legislation aimed to encourage tipping by cutting taxes, but it explicitly states that […]