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UNBELIEVABLE: 29 | History Defined

The IRS Is Cracking Down on Side Hustle Income Again in 2026

The side hustle economy keeps booming across the United States, but the IRS now watches every dollar more closely than ever before. Gig apps, online marketplaces, and payment platforms continue to fuel extra income streams for millions of Americans, and tax rules struggle to keep up with that rapid growth.…

The Free Financial Advisor · May 18

Trump’s DOJ announces $1.7B fund to pay his allies who were ‘unfairly’ investigated by Democrats

The $1.776 billion ‘slush fund’ will be funded by taxpayers and be administered by a five-member commission appointed by Trump’s ex-defense lawyer

The Independent UK · May 18

Why More Americans Are Getting Tax Notices Over Payment App Transactions

A growing number of Americans now open their mailboxes to find IRS notices tied to money sent through apps like Venmo, Cash App, and PayPal. What once felt like casual digital convenience now sits under a much brighter spotlight from federal tax enforcement. The shift doesn’t just affect side hustlers…

The Free Financial Advisor · May 18

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Trump’s immigration crackdown could cost nearly $500B in lost taxes over the next 10 years

Undocumented immigrants may be deterred from filing after the IRS agreed to share taxpayer data with ICE

The Independent UK · May 18

Trump dismisses $10bn suit against IRS and creates $1.7bn ‘anti-weaponization’ fund

Democrats criticize deal as a slush fund that ‘funnels taxpayer dollars’ to president’s political allies

The Guardian - US · May 18

Make Under $500,000 a Year? Your IRS Audit Risk Is Under 1% — But One Common Mistake Can Change That

IRS audits have decreased significantly, especially for high earners, but taxpayers should still file accurately to avoid scrutiny. The IRS may focus on high-risk cases despite fewer audits.

International Business Times UK · May 18

Truth and Justice Commission: Trump's $1.8bn Plan to Compensate Allies 'Wrongly' Targeted by DOJ

A proposed £1.13bn Truth and Justice Commission aims to compensate individuals allegedly wrongly investigated by federal agencies, amid Trump's legal disputes with the IRS over leaked tax records.

International Business Times UK · May 18

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DOJ announces $1.8 billion fund as part of Trump settlement with IRS

The Justice Department on Monday announced a new $1.8 billion “anti-weaponization fund” to compensate anyone for perceived targeting by past administrations as part of settling President Donald Trump’s $10 billion suit against the IRS. Monday’s DOJ announcement came shortly after Trump attempted to drop his lawsuit against the IRS, though…

Roll Call · May 18

Why Biographer Blasts Donald Trump's China Trip as 'an Embarrassment' and a Total Win for Xi Jinping

Michael Wolff derides Donald Trump's Beijing visit as a win for China, probing the gap between the summit's grand pageantry and what the US president can truly claim as a victory.

International Business Times UK · May 17

10 Photos of Eurovision 2026 Winner, Dara Dude: Bulgaria Wins Amid 5-Nation Boycott as UK Crashes to Last Place With 'Nul Points'

Dara's Bangaranga gives Bulgaria its first Eurovision win in a tense Vienna final marked by protests, a five‑nation boycott and another painful 'nul points' night for the UK.

International Business Times UK · May 17

How a Single Missed Form Can Freeze Your Refund for Weeks

Tax season feels simple on the surface, but one tiny paperwork slip can send everything into a slow-moving maze of IRS processing delays. A refund that should land in a bank account within weeks can suddenly stall for a month or longer, all because one required form never made it…

The Free Financial Advisor · May 17

The IRS’s “Math Error” Notice Could Cost You More Than You Think

The IRS rarely makes big announcements without consequences hiding behind the fine print, and the “Math Error” notice stands out as one of the most overlooked. This notice often arrives after a tax return review and signals that something on a return does not add up according to IRS systems.…

The Free Financial Advisor · May 17

Nuclear Subs in Europe, Ridicule in Beijing: Inside Donald Trump's Chaotic Week of Foreign Policy

A US nuclear submarine's presence in Gibraltar has prompted UK risk warnings amid escalating tensions over Donald Trump's Iran strategy, while in Beijing Chinese social media is mocking him as 'Trump the Country Builder.'

International Business Times UK · May 17

8 Tax Filing Habits That Are Quietly Triggering Refund Delays

Tax season often feels like a race against the clock, but rushing through it can quietly cost time instead of saving it. Many Americans expect their refunds to land quickly, yet small mistakes frequently push those payments into long delays. The IRS processes millions of returns, and even minor errors…

The Free Financial Advisor · May 17

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The Guardian - US · May 17

Trump news at a glance: billions of taxpayer dollars could go to president and his allies in unprecedented move

If case is settled for full amount Trump is requesting, a $10bn payment would more than double his family’s net worth

International Business Times UK · May 16

'Congress Could Impeach' Trump Over $1.7B Fund Drawn from Public Money, Says Melber

MSNBC host Ari Melber suggests impeachment for Trump over a $1.7 billion fund, raising concerns about executive power and taxpayer money usage amid political tensions.

International Business Times UK · May 16

Democrats Are Slamming Trump's Proposed $1.7 Billion IRS Settlement as a 'Plunder'

Democrats condemn a reported $1.7bn Trump IRS settlement as a taxpayer 'slush fund' for his allies as an approaching court deadline intensifies scrutiny of the opaque proposed deal.

The Guardian - US · May 16

Trump may settle his lawsuit against IRS for $1.7bn fund to compensate allies

In unprecedented self-dealing maneuver, billions of taxpayer dollars could be paid to US president and his allies

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The Free Financial Advisor · May 16

New Rule Requires Venmo and PayPal Users to Verify Tax Info—or Risk Losing Access

Digital payments keep reshaping how money moves across the United States, but a new layer of scrutiny now changes the game for millions of users. Venmo and PayPal users face growing pressure to verify tax information as financial regulators push for tighter reporting standards. Platforms that once felt casual and…

The Free Financial Advisor · May 16

Millions Of Americans Are Missing Out On The SALT Deduction

The SALT deduction, which stands for state and local taxes, continues to play a significant role in how Americans calculate their federal tax bills. Many households in high-tax states rely on this deduction to soften the blow of property taxes, income taxes, and sales taxes. Federal tax law allows taxpayers…

The Free Financial Advisor · May 16

Car Loan Interest Deductions Are Returning—But Millions May Not Qualify

The idea of deducting car loan interest from taxes is suddenly back in the spotlight, and it’s stirring up excitement across the financial world. For years, most Americans haven’t been able to write off interest on personal auto loans, but new policy discussions could reopen that door in a limited…

The Free Financial Advisor · May 15

IRS Audit Rates Are Increasing for Middle-Income Earners—Here’s Why

For years, many middle-income Americans treated IRS audits like lightning strikes—rare, random, and mostly aimed at millionaires with offshore accounts and yachts parked somewhere in Monaco. That assumption no longer matches reality. The IRS has quietly shifted its attention toward taxpayers earning ordinary incomes, and plenty of filers now face…

The Independent UK · May 15

Trump expected to drop $10B lawsuit against IRS

IN FULL

The Free Financial Advisor · May 15

What Happens If You Cash Out a 529 Plan in 2026?

College costs continue to climb faster than a summer gas bill, so millions of Americans stash money inside 529 plans to protect their future budgets. Those accounts offer juicy tax advantages, flexible investment choices, and powerful long-term growth, but cashing one out without a strategy can create a financial mess…

The Free Financial Advisor · May 15

5 Financial Transactions That Now Trigger the IRS’s New 1% Remittance Tax

Sending money overseas suddenly got more expensive, and plenty of Americans have no idea the change even happened. The IRS’s new 1% remittance tax now applies to certain international money transfers, adding another fee to transactions that millions of families already depend on every month. For households sending support to…

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