Starting January 1, 2026, the IRS will limit how much of your gambling losses you can deduct. Instead of writing off 100%, you’ll only be able to deduct 90% of what you win. That means you could owe taxes—even if you broke even. Here’s what this “phantom income” rule means and how to prepare for it.

The IRS is warning taxpayers and tax pros about a rise in phishing scams—fake emails and texts trying to steal your personal information. If you still need to file taxes before the October 15 deadline, make sure you're protected. In this post, we explain how to spot scams and safely file your return using IRS Free File.

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Was it because… You wanted to help people live the American dream[….]