Internal Revenue Service
revenue service of the United States federal government
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politics Apr 25, 2026, 4:23 AM
Judge questions Trump's lawsuit against IRS as president - In January 2023, Donald Trump filed a $10 billion lawsuit against the IRS for leaking his tax documents.
- Judge Kathleen Williams raised concerns about the validity of the case due to Trump's dual role as president and plaintiff.
- The judge's questioning highlights significant constitutional issues regarding the adverseness required for federal lawsuits.
200
politics Apr 16, 2026, 2:00 AM
Kathy Hochul proposes tax on multimillion-dollar second homes in New York City - Governor Kathy Hochul proposed a tax on second homes valued at over $5 million to stabilize New York City's finances.
- The city faces a significant budget gap, prompting the need for new revenue sources to fund essential services.
- This proposal has ignited political controversy and debates about the fairness of taxing wealthy residents.
300
business Apr 6, 2026, 5:37 PM
Thousands could receive significant tax refunds through adoption credits - Changes to tax credits under the One, Big, Beautiful Bill provide greater financial benefits for new parents.
- Eligible families could receive substantial refunds through the Adoption Tax Credit and Child Tax Credit.
- Awareness of these credits is crucial for families looking to adopt and improve their financial situation.
100
business Mar 21, 2026, 3:15 PM
Millions risk losing $1.2 billion in IRS tax refunds - The IRS warns that over 1.3 million taxpayers have not filed their federal tax returns for 2022.
- If these individuals do not file before the April 15 deadline, they will lose the chance to claim $1.2 billion in refunds.
- Taxpayers must act quickly to ensure they do not forfeit their potential refunds and the associated benefits.
200
politics Mar 20, 2026, 5:00 PM
Government investigates nonprofit funding linked to Antifa violence - The DOJ, along with the FBI and IRS, has begun investigating nonprofit groups allegedly linked to funding Antifa-related violence.
- This initiative follows a series of violent incidents that have raised concerns about organized political extremism in the U.S.
- The investigations aim to hold accountable any entities involved in financing domestic terrorism without infringing on constitutional rights.
200
business Mar 19, 2026, 3:13 PM
IRS offers payment plans to taxpayers struggling with tax bills - As the tax deadline nears, many Americans may owe significant amounts to the IRS.
- The IRS provides options for payment plans to ease the burdens of unpaid taxes.
- Proactive engagement with the IRS is essential to avoid severe penalties.
100
business Mar 12, 2026, 1:00 AM
Jensen Huang faces hefty tax on his small bonus from massive chip company - Jensen Huang's bonus for the fiscal year is expected to be around $4 million, though he will only take home just under $2 million after taxes.
- His base salary has increased to $2 million as of this year, up from $1.5 million the prior year.
- Huang emphasizes employee compensation as a key aspect of Nvidia's success, contributing to the creation of multiple billionaires within the company.
100
politics Mar 4, 2026, 6:58 PM
IRS reveals potential for significant tax refunds amid confusion - The IRS announced that tax year 2025 will allow carry-forward of Adoption Tax Credit from previous years.
- Refunds are significantly higher this year, with average refunds reaching $3,804, largely due to new deductions.
- Taxpayers are encouraged to review their filings to avoid leaving money unclaimed.
200
politics Feb 25, 2026, 12:02 AM
Court rules IRS illegally shares taxpayer data with ICE multiple times - The IRS shared the personal information of taxpayers with ICE, violating confidentiality laws.
- A federal judge found that the IRS illegally disclosed information approximately 42,695 times.
- New legal challenges may reshape data-sharing practices between federal agencies.
600
business Feb 18, 2026, 9:22 PM
IRS now mandated to clarify tax mistakes for better transparency - The IRS will provide clearer notifications regarding math mistakes in tax filings.
- Taxpayers will be informed about the specific line item changes, reasons for those changes, and their rights to respond.
- These changes aim to promote transparency, strengthen taxpayer protections, and facilitate better communication between the IRS and taxpayers.
100
business Feb 17, 2026, 9:08 PM
Hiring an accountant may save you money on taxes - The IRS estimates around 164 million federal tax returns will be filed this tax season.
- Seeking help from an accountant is advisable for individuals with complex tax situations.
- Hiring a tax professional can lead to significant savings and reduced stress during tax season.
100
business Feb 16, 2026, 6:29 PM
Americans receive larger tax refunds despite slower filing pace - As of February 6, 2026, Americans have received an average tax refund of $2,290, up 10.9% from the previous year.
- There has been a notable decline of 5.2% in the number of tax returns filed, with 22.4 million returns received so far.
- The overall trend indicates larger refunds but fewer filings, raising questions about taxpayer sentiment and future filing behaviors.
100
business Feb 15, 2026, 10:35 PM
Tax season brings financial hope with average refunds reaching $3,167 - The IRS deadline for filing tax returns is April 15.
- The average refund reported last year was $3,167.
- Being aware of potential changes and common mistakes can ensure a smoother tax filing experience.
100
business Feb 15, 2026, 12:16 PM
Tax season changes boost standard deduction for 2026 - The tax season is currently underway with a deadline of April 15 for filing returns.
- Taxpayers should gather required documents such as Social Security numbers and W-2 forms.
- Being informed about tax changes, including the new standard deduction of $15,750, can ease the tax filing process.
100
business Feb 10, 2026, 4:52 PM
IRS launches new digital tools to streamline tax filing process for professionals - The IRS introduced new digital tools for tax professionals to simplify client authorizations.
- These updates come as the agency faces staffing challenges and complex tax law changes.
- Improvements to the Tax Pro Account are aimed at enhancing service efficiency and client management for tax professionals.
100
politics Feb 6, 2026, 3:24 PM
Donald Trump files $10 billion lawsuit against his own government - Trump's $10 billion lawsuit against the IRS and Treasury Department has raised concerns about conflicts of interest due to his position as president.
- Experts and former federal officials are warning about the potential threat this legal action poses to the integrity of the courts.
- The lawsuit has sparked debate over its implications for the justice system and potential taxpayer consequences.
200
politics Feb 6, 2026, 4:09 AM
Judge blocks IRS-ICE information sharing amid privacy concerns - A federal judge ruled against the IRS sharing data with ICE amid concerns for taxpayer privacy.
- The ruling was influenced by a previous Memorandum of Understanding between the IRS and ICE to facilitate deportations.
- This legal decision highlights the ongoing debate over immigration enforcement practices in the U.S.
200
politics Feb 4, 2026, 10:42 AM
IRS proposes new rules for clean fuel tax credits - New proposed regulations by the IRS clarify eligibility and calculation for clean fuel production credit under the One, Big, Beautiful Bill.
- The regulations include provisions for extending the credit through 2029 and limiting eligible feedstocks to those from the U.S., Mexico, or Canada.
- These changes aim to encourage investment in lower-carbon fuels and provide clarity on emissions rates and certification requirements.
200
politics Feb 3, 2026, 12:33 AM
IRS continues normal operations despite partial government shutdown - The IRS announced it will continue operations as usual during the government shutdown.
- Taxpayers filing electronically can expect refunds in 21 days or less; paper filers may take longer.
- This confirmation is crucial as the shutdown raises concerns over potential delays in processing tax refunds.
200
business Feb 1, 2026, 12:51 PM
Businesses face penalties for missing IRS tax filing deadlines - The IRS deadline for filing essential tax forms passed on January 31, 2026, requiring compliance from businesses and employers.
- Penalties for late, incorrect, or missing filings apply, starting at $60 per return and escalating for delays.
- Businesses must adhere to IRS requirements to avoid significant penalties and maintain financial integrity.
100
politics Jan 28, 2026, 4:00 PM
IRS faces severe workforce cuts ahead of 2026 tax season - The IRS is facing a significant workforce reduction of 27% due to cuts since the Trump administration.
- Taxpayer Advocate Erin M. Collins warns that the complexity of tax law changes and reduced staff may hinder assistance during the 2026 tax season.
- Despite challenges, IRS leaders maintain that taxpayers will continue to receive refunds on time.
300
politics Jan 21, 2026, 8:25 AM
IRS undergoes major overhaul to enhance taxpayer services ahead of tax season - The IRS has announced leadership changes and a modernization effort just before the 2026 tax filing season.
- Gary Shapley and Joseph Ziegler, both whistleblowers related to the Hunter Biden investigations, have been promoted to key positions within the agency.
- These changes aim to enhance taxpayer service and improve compliance following warnings of potential difficulties in the upcoming filing season.
200
politics Jan 15, 2026, 1:24 PM
IRS implements sweeping tax law changes affecting millions - Taxpayers should familiarize themselves with significant updates to tax deductions effective from the One, Big, Beautiful Bill Act.
- Key provisions include permanent 100 percent bonus depreciation and increased standard deduction amounts aimed at providing tax relief.
- The extensive changes in tax law are projected to have a far-reaching impact on millions of taxpayers and businesses across the nation.
300
business Dec 30, 2025, 3:09 PM
IRS raises business mileage rate to 72.5 cents per mile for 2026 - The IRS announced an increase in the standard mileage rate for business driving to 72.5 cents per mile starting January 1, 2026.
- Rates for medical and moving purposes will decrease to 20.5 cents per mile for specific eligible individuals.
- These adjustments reflect updated cost data and aim to provide equitable tax deductions for business-related vehicle use.
300
politics Nov 25, 2025, 4:02 AM
Jim Justice agrees to pay more than $5 million in back taxes - Senator Jim Justice and his wife agreed to pay over $5 million to the IRS for unpaid taxes from 2009.
- This settlement followed a lawsuit filed by the Justice Department alleging neglect in payment.
- Justice's financial issues raise questions about his political future and business operations.
300
2026 All rights reserved
2026 All rights reserved