The IRS can target the financial impact of political violence.
Political violence in the U.S. is no longer just a distant concern; it’s happening right before our eyes. From assassination attempts to targeted harassment and violent protests, these incidents are unfortunately growing more common. We’ll have a reminder in November to keep this on your radar. Surveys indicate that a significant number of Americans believe […]
IRS offers advice to navigate significant tax changes coming in 2026.
Tax Season Preparation Tips As tax season draws near, it’s a good idea for taxpayers to start preparing, even though it’s early to file returns. The Internal Revenue Service (IRS) has shared some tips that can help individuals understand the changes they might face when filing their 2026 taxes. Here are some important topics to […]
How to submit taxes at no cost in 2026, following the removal of IRS Direct File
IRS Discontinues Direct File Service The IRS Direct File, which was a free online platform for federal tax submissions, came to an end in 2026. In 2025, around 300,000 individuals used the IRS Direct File. So, do they now have to navigate the tax landscape without a similar option, like countless others looking to file […]
New cars manufactured in the USA are eligible for Trump tax benefit, according to the IRS.
January 1, 2026, 9:11 a.m. ET Taxpayers purchasing a new vehicle in 2025 might qualify for significant tax breaks next filing season, provided the vehicle is produced in the United States, according to the Internal Revenue Service. Those interested should check their vehicle information labels (VINs) to see if their 2025 purchases are eligible for […]
IRS Confirms that missing your RMD withdrawal deadline in the United States can result in a significant penalty
It’s hard to believe, but the IRS can actually hit you with penalties for not spending your own money. That’s correct—the U.S. government requires retirees who are at least 73 years old to withdraw from their retirement accounts once a year. This obligation, known as a required minimum distribution (RMD), stipulates that once you reach […]
IRS raises the business mileage tax deduction rate by 2.5 cents for 2026
Wall Street Predictions and Mileage Tax Deductions The Big Money Show panel will delve into Wall Street’s ambitious forecasts for 2026, exploring how the AI boom might alter the economic landscape and the potential market rally driven by President Donald Trump’s policies. In an update from the Internal Revenue Service (IRS), those who rely on […]
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 […]