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Retirement & Taxes / IRS & Enforcement

IRS & Enforcement

Audit triggers, enforcement actions, compliance requirements, reporting thresholds, IRS technology changes, and taxpayer rights.

Latest in IRS & Enforcement

IRS & Enforcement

Itemizers can deduct qualified medical costs above 7.5% of adjusted gross income, including Medicare and age-limited long-term-care premiums

A retiree’s largest recurring medical bills may be tax-deductible, but the federal rule applies only after two gates. The expense must qualify and remain unreimbursed,...

IRS & Enforcement

A widow or widower often jumps to higher single tax brackets the next year, a costly survivor’s penalty

The death of a spouse can reduce household income without reducing it by half, yet the federal tax system may soon treat the survivor as...

IRS & Enforcement

Taxpayers 65 and older get a bigger standard deduction on top

Turning 65 changes the federal deduction calculation even when a taxpayer has no new medical bill, retirement-account withdrawal or Social Security decision. For 2026, the...

IRS & Enforcement

Some states waive property taxes entirely for veterans rated 100% disabled

A 100% VA disability rating can unlock major property-tax relief, but it does not erase the bill everywhere. VA’s state-by-state guide shows full homestead exemptions...

IRS & Enforcement

The IRS can delay your refund for six weeks while seeking direct-deposit details, now that most paper checks are gone

Leaving bank information off a federal return no longer means the IRS simply prints the refund check on the usual schedule. The agency generally stopped...

IRS & Enforcement

The IRS raised 2026 tax brackets for inflation, so a modest raise may not push you into a higher rate

The IRS moved every federal income-tax bracket upward for 2026, giving wages and retirement income more room before the next marginal rate begins. A single...

IRS & Enforcement

The new tax law locks the estate-tax exemption at $15 million per person, shielding more family inheritances

A new federal tax law established a $15 million basic estate-tax exclusion for each person in 2026 and kept that larger structure from expiring after...

IRS & Enforcement

Retirees can have federal tax withheld from Social Security with Form W-4V to avoid a surprise April bill

Social Security arrives without federal income-tax withholding unless a beneficiary asks for it, a setup that can make an apparently stable monthly budget produce an...

IRS & Enforcement

Tipped workers can deduct up to $25,000 of tip income on their 2025 tax return under a new law

A new federal deduction can remove as much as $25,000 of qualified tip income from taxable income on a 2025 return. The break is available...

IRS & Enforcement

Retirees 70½ and older can send IRA money straight to charity and skip the income tax on the withdrawal

A retiree who donates to charity every year may be handing the IRS more than the law requires. Federal rules let owners of an individual...

IRS & Enforcement

Most home sellers can keep up to $250,000 of profit tax-free, or $500,000 for a married couple

Up to $250,000 in home-sale profit for a single owner, and $500,000 for a married couple filing jointly, can be pocketed with no federal capital-gains...

IRS & Enforcement

In a no-income-tax state you can deduct your sales taxes instead, a break retirees in Florida and Texas often miss

Retirees who moved to Florida or Texas for the absence of a state income tax often assume that choice erases a line on their federal...

IRS & Enforcement

Retirees in the lower tax brackets can sell investments and owe 0% federal tax on long-term gains

A retiree who sells a long-held stock or mutual fund usually braces for a tax bill, but a large group of older Americans can realize...

IRS & Enforcement

A $5,120 slice of the 2026 adoption credit can be refundable

Up to $5,120 of the federal adoption credit may be refundable for 2026, allowing that portion to produce a payment even when a family has...

IRS & Enforcement

College costs can produce a $2,500 American Opportunity Tax Credit

The American Opportunity Tax Credit can turn $4,000 of qualified college spending into a federal credit of as much as $2,500 for an eligible student....

IRS & Enforcement

The 2026 adoption credit reaches $17,670 per eligible child

The federal adoption tax credit can reach $17,670 per eligible child for 2026, pairing a larger overall ceiling with a newly refundable portion of up...

IRS & Enforcement

Families can qualify for an $8,231 earned-income tax credit in 2026

The maximum federal earned-income tax credit reaches $8,231 for tax year 2026, but only for eligible households with at least three qualifying children and earnings...

IRS & Enforcement

Home sellers can shield $250,000 of profit from federal tax

A qualifying home seller can exclude as much as $250,000 of gain from federal taxable income, and many married couples filing jointly can exclude up...

IRS & Enforcement

October 15 is the federal filing deadline for most tax extensions

Most individual taxpayers who obtained a six-month federal extension must file their 2025 return by October 15, 2026. The extension moved the paperwork deadline, not...

IRS & Enforcement

Tax debt above $66,000 can put a passport at risk in 2026

Owing more than $66,000 to the federal government can put a passport in jeopardy in 2026, but the balance alone does not trigger immediate revocation....

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