IRS Says a $50,000 Baseball Card Bought With an IRA Can Trigger Taxes
A rare baseball card can look like an investment. Some sell for tens of thousands of dollars, and the most…
Category: IRS News
Follow the latest IRS news, official announcements, policy updates, tax administration changes, enforcement developments, and newsroom releases directly affecting U.S. taxpayers.
IRS July 10 Deadline 2026: How to Claim Your COVID-Era Tax Refund
WASHINGTON — If you paid federal tax penalties or interest between January 20, 2020 and July 10, 2023, the IRS…
Trump $1,000 Child Account System Explained: Eligibility, Benefits, and How It Works
Trump Accounts are officially open. On July 4, 2026, the Treasury Department began sending a one time $1,000 deposit into…
How IRS Rules Affect Retirement Taxes: Exemptions, Credits, and Planning Strategies
The Internal Revenue Service enforces a hard deadline most retirement savers underestimate every year. Required minimum distributions apply the moment…
Understanding 401(k) Strategies for Financial Independence: Rules, Contributions, and Withdrawals
Federal retirement rules governing catch-up contributions changed permanently for the 2026 tax year. Workers nearing retirement now have a narrow…
IRS Form 990 Rules 2026: Key Changes, Requirements, and Impact on Nonprofits and Donors
The U.S. Department of the Treasury and the IRS are processing public responses to the Form 990 Transparency Initiative ahead…
IRS Saver’s Match $1,000 Retirement Deposit: Who Qualifies, Rules, and SECURE 2.0 Impact
The federal government is about to deposit money directly into the retirement accounts of millions of working Americans. Not as…
IRS Paper Check Phase-Out: What to Do, Alternative Payments, and Impact
Executive Order 14247, signed in 2025, directs the Treasury Department to eliminate paper check disbursements for federal payments including IRS…
Judge Questions Legal Basis for Trump’s $10 Billion IRS Lawsuit: Jurisdiction and Impact
A federal judge has ordered Trump’s legal team and the Department of Justice to justify the jurisdictional basis for the…
Trump Tax Cuts: 60 Million Americans Claimed, How Much They Saved, and Impact
Sixty million Americans claimed at least one of the new Trump tax cuts on their 2025 tax return this filing…