21 stories tagged #IRS

  1. Social Security Income Cannot Be Contributed to an IRA, IRS Rules
    finance

    Social Security Income Cannot Be Contributed to an IRA, IRS Rules

    Retirees with no earned income cannot contribute to IRAs, including Roth accounts, according to IRS guidelines.

    2mo ago 1 min read
  2. Why Most 50-Year-Old Americans Can't Afford to Retire Early
    finance

    Why Most 50-Year-Old Americans Can't Afford to Retire Early

    The harsh financial reality facing the average American couple who stops working at 50-limited savings, healthcare gaps, and Social Security delays.

    2mo ago 1 min read
  3. More Americans Rely on Tax Refunds Amid Economic Pressure
    finance

    More Americans Rely on Tax Refunds Amid Economic Pressure

    Nearly half of U.S. taxpayers expect a refund in 2026, with many depending on it to cover basic expenses amid rising costs and economic uncertainty.

    2mo ago 2 min read
  4. Why Paying for Tax Audit Defense Is a Waste of Money
    finance

    Why Paying for Tax Audit Defense Is a Waste of Money

    Experts warn against buying tax audit protection, citing low audit rates and simple resolution processes.

    2mo ago 1 min read
  5. Court Tosses Coinbase User’s Bid to Block IRS Summons
    crypto

    Court Tosses Coinbase User’s Bid to Block IRS Summons

    A federal judge dismissed a Coinbase user’s lawsuit challenging an IRS summons over procedural missteps, reinforcing the agency’s authority to obtain crypto user data.

    2mo ago 1 min read
  6. 2025 Overtime Deduction Rules: Key Facts for Taxpayers
    finance

    2025 Overtime Deduction Rules: Key Facts for Taxpayers

    The 2025 Overtime Deduction applies only to the 'half' portion of time-and-a-half pay. Eligibility, income limits, and IRS documentation requirements explained.

    2mo ago 1 min read
  7. Bitcoin Tax Relief Push: BPI Targets August, Warns of Narrowing Window
    crypto

    Bitcoin Tax Relief Push: BPI Targets August, Warns of Narrowing Window

    Industry advocates push for Bitcoin de minimis tax exemption in US Congress, warning legislative opportunities are diminishing.

    2mo ago 1 min read
  8. Millions May Claim IRS Refunds Tied to COVID-19 Relief Extension
    finance

    Millions May Claim IRS Refunds Tied to COVID-19 Relief Extension

    A recent court ruling suggests millions of Americans could be owed tax refunds due to COVID-19-related deadline extensions. Discover who qualifies and how to claim yours before the July 2026 deadline.

    2mo ago 1 min read