A resolution repealing the IRS rule was signed into law by President Trump in April, after passing both the House and Senate with bipartisan support.

Under prior law, taxpayers could deduct gambling losses up to the extent of their winnings from their taxable income. A provision tucked into the new tax law advanced by the Republicans lowers that amount to 90%, starting in 2026, sparking outrage from gamblers and Nevada lawmakers working to defend the industry and its patrons.

Clear Start Tax Supports IRS Push to Educate Filers and Preparers on Growing Identity Theft Dangers IRVINE, CA / ACCESS Newswire / July 7, 2025 / With identity theft scams continuing to evolve, the IRS and its Security Summit partners have launched the 2025 “Protect Your Clients;

Joy Behar seems to have hit a breaking point when it comes to talking about President Donald Trump and his cabinet. The View host railed against the likes of United States Secretary of Homeland Security Kristi Noem and Secretary of Defense Pete Hegseth,

Tax year 2026 and filing season 2027 is the target date for retiring the Filing Information Returns Electronic, or FIRE, system.

The IRS lost 26% of its 102,000-person workforce to layoffs and buyouts this year through early June, amid a larger effort by the Trump administration to shrink the federal government. The figure comes in a June 25 report from Erin Collins, the national taxpayer advocate.

The IRS said churches can endorse political candidates to their congregations without jeopardizing their tax-exempt status, according to CNBC. The move overturns a 70-year-old interpretation of the Johnson Amendment,

The Treasury has on Thursday quietly erased a major crypto reporting rule that would’ve forced platforms across the industry, both centralized and decentralized, to hand over user trade data to the IRS.