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FORGOTTEN HISTORY: 63 - The Untold Story

Filing your own taxes can save money and give you more control over your finances. But do-it-yourself, or DIY, tax filing comes with risks that can lead to costly errors. With tax laws changing and forms getting more complex, even small mistakes can trigger audits, missed refunds, or penalties. Understanding…

The Free Financial Advisor

5 Estate Planning Changes To Make After Retirement

Retirement is the perfect time to update your estate plan—here are 5 smart changes retirees should make to protect assets and secure their legacy.

GOBankingRates

8 Financial Moves That Trigger Gift Tax Audits

Gift taxes might sound like something only the ultra-wealthy have to worry about, but the reality is a bit different. The IRS keeps a close eye on large gifts, and certain financial moves can put you on their radar. Ignoring the rules or making mistakes with gift tax reporting could…

The Free Financial Advisor

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IRS Broke Its Own Rules When It Terminated Contracts Of Over 7,000 Employees, Reveals Treasury Watchdog

The Internal Revenue Service violated its own policies when it fired thousands of probationary employees earlier this year at the direction of the Trump administration, the Treasury Department's inspector general said in a report released last week.

Benzinga

Social Security 2025: The Outdated Tax Rules Costing Retirees Money

Could the Social Security 90th anniversary be a good time to revisit old tax thresholds?

Kiplinger

The Latest: Trump says no to US troops in Ukraine

President Donald Trump on Tuesday offered his assurances that U.S. troops would not be sent to Ukraine to defend against Russia, after seeming to leave open the possibility the day before

The Independent UK

7 Times Your Side Hustle Might Break Local Laws

The allure of the side hustle is stronger than ever. It’s a fantastic way to pursue a passion, build a brand, and earn extra income. But in the excitement of launching your new venture, it’s easy to overlook the web of local rules and regulations that govern commerce. What starts…

Budget and the Bees

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2025 SCOTUS Decisions That Could Affect Your Wallet

How Supreme Court decisions could change your bank account.

GOBankingRates

'No Tax On Tips' Sounds Great — But Workers Warn It May Be 'Too Good To Be True'

A new federal tax break promises to put more money in the pockets of tipped workers, but some in the service industry say they're cautious about celebrating just yet.

Benzinga

Solar Stocks Rally: First Solar, ETFs Bask In Treasury Tax Boost

Solar shares rebounded this week after the U.S. Treasury and IRS issued new tax credit guidance that alters the way clean-energy projects qualify for subsidies. The rally was led by First Solar (NASDAQ:FSLR), which surged after the agencies eliminated the long-standing “5% safe harbor” rule on large-scale projects. Smaller systems…

Benzinga

First Solar (FSLR) Stock Surges On New Treasury Tax Credit Rules

Shares of First Solar Inc (NASDAQ:FSLR) are trading higher Monday afternoon and have posted gains over the past week, following new guidance from the Treasury Department and IRS concerning tax credits for clean energy projects. Here’s what investors need to know.

Benzinga

7 Things You Should Never Send on Peer‑to‑Peer Money Apps

Peer-to-peer (P2P) money apps like Zelle, Venmo, and Cash App have revolutionized the way we exchange money. Splitting a dinner bill or paying a friend back for concert tickets is now as easy as tapping a few buttons on your phone. But this convenience comes with significant risks. These platforms…

Budget and the Bees

9 Reasons Moving Out Could Lead to Hidden Tax Bills

Moving to a new home is an exciting milestone, but it’s also a major financial event with complex tax implications that most people overlook. While you’re focused on packing boxes and hiring movers, the IRS and state tax agencies are watching. Many common actions taken during a move can trigger…

Budget and the Bees

10 Purchases You Should Never Put on a Credit Card

Credit cards can be powerful financial tools when used wisely, offering rewards, convenience, and fraud protection. However, they can also be dangerous when swiped for the wrong purchases. Many people fall into the trap of using credit for items that quickly lead to high-interest debt and financial stress. Knowing which…

Clever Dude

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The Free Financial Advisor

6 IRS Letters That Could Signal Trouble — Even If You Think You Filed Correctly

Few things create more anxiety than receiving unexpected mail from the IRS. Even if you are confident your tax return was accurate and submitted on time, certain notices can indicate potential problems. These letters often require a timely response and may involve additional documentation, payments, or explanations. Knowing the meaning…

The Free Financial Advisor

Are You Losing Money Because of Scary Refund Delays?

Waiting for a refund can be more stressful than you expect. Whether it’s from the IRS, a retailer, or a service provider, scary refund delays can actually cost you money. Not only do you lose access to your cash, but you may also face missed opportunities or extra expenses. Many…

Saving Advice

10 Public Records That Anyone Can Access About Your Finances

Your financial history is more public than you might think. Many details about your money life are available for anyone to access through public records....

The Free Financial Advisor

Why Some Senior Tax Credits Disappear Once You File Jointly

For many older couples, filing a joint tax return seems like the most logical choice. It often comes with a lower overall tax rate and simplified paperwork. However, the decision can also trigger an unpleasant surprise — certain valuable tax credits may shrink or vanish entirely. Understanding why some senior…

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The Free Financial Advisor

6 Reasons the IRS Is Flagging More Trusts in 2025

Trusts have long been a reliable tool for managing assets, reducing taxes, and protecting wealth for future generations. However, the IRS is increasing its focus on trust reporting and compliance, meaning more trust arrangements are being reviewed than in previous years. For trustees, beneficiaries, and grantors, this shift can have…

Everybody Loves Your Money

Why That Gifted Jewelry Could Trigger Estate Tax in 2025

Picture this: a sparkling diamond necklace passed down from grandma, wrapped in tissue paper, handed over at a birthday party. Everyone’s beaming, the champagne’s flowing—then the IRS shows up. Not literally, of course, but financially speaking, they might as well be. In 2025, a massive shift in federal tax law…

Benzinga

Fact Check: Viral Stimulus Check Claims for Summer Are False, IRS Will Not Send New Checks This Summer

The federal government has confirmed that it will not be issuing new stimulus checks this summer, debunking circulating online rumors.

The Free Financial Advisor

6 Tools That Shouldn’t Be Linked to Retirement Accounts

Your retirement accounts are meant to fund your future, not to play host to every financial tool you encounter. The tools you choose for these accounts can make or break your long-term growth. Some products simply don’t belong in retirement accounts and can actually hurt your nest egg. The wrong…

The Free Financial Advisor

9 Lifetime Penalties Tied to Early Retirement Withdrawals

Thinking about dipping into your retirement savings before you hit the official retirement age? It can be tempting, especially when life throws unexpected expenses your way. But early retirement withdrawals often come with more than just a simple tax bill. There are hidden and not-so-hidden penalties that can follow you…

International Business Times UK

Is the $1390 Stimulus Check a Hoax? IRS and Congress Make No Announcement Despite Social Media Rumours

Social media is buzzing with claims of a new $1,390 stimulus cheque, but the IRS and Congress have made no such announcement. Officials warn Americans to be wary of online hoaxes and misinformation.

Saving Advice

7 Family “Loans” That Are Actually Legal Nightmares

When money changes hands between family members, it often comes with good intentions and bad paperwork. What starts as a simple gesture–helping your adult child...

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