Taxes March 19, 2026
‘No Tax on Overtime’ Falls Short of Expectations for Many Workers
Across the U.S., workers are discovering that a new overtime tax break is proving less generous—and more complicated—than expected.
Taxes March 18, 2026
AICPA Requests Guidance on the Paid Family and Medical Leave Credit
Currently, there is no guidance on the changes to the credit made by the One Big Beautiful Bill Act (OBBBA).
Taxes March 12, 2026
IRS Updates Withholding Estimator to Include OBBBA Tax Changes
The IRS has enhanced its Tax Withholding Estimator to reflect changes to tax credits and deductions under the One Big Beautiful Bill Act, including new deductions on tips, overtime, auto loan interest, and other tax breaks.
IRS March 11, 2026
IRS Proposes Regs on How to Open a Trump Account Under the OBBBA
The IRS says these proposed regulations provide useful information for parents and guardians who may want to elect to open an initial Trump Account and for prospective trustees of Trump Accounts.
IRS March 11, 2026
IRS, Treasury Issue Proposed Rules for Trump Accounts Contribution Pilot Program
The proposed regulations issued on March 6 provide rules on how the Treasury Department will make one-time $1,000 pilot program contributions to the Trump Accounts of eligible children.
Taxes March 4, 2026
IRS Posts FAQs on OBBBA Changes to Adoption Tax Credit
The Treasury Department and the IRS issued a fact sheet on Feb. 27 that clarifies two changes to the adoption tax credit in President Donald Trump's tax law that was enacted last July.
Tax Planning March 4, 2026
10 Key Tax Tips for Businesses Filing in 2026
Several One Big Beautiful Bill Act provisions affect taxable income reported on 2025 returns filed in 2026, making a thorough review essential to avoid missed savings or compliance issues.
Taxes March 2, 2026
IRS Releases New Form Taxpayers Will Use to Claim Key OBBBA Tax Deductions
The IRS has published Schedule 1-A and its related instructions for tax year 2025 so eligible taxpayers can claim tax breaks on tips, overtime, and auto loans, as well as the enhanced deduction for senior citizens, introduced in the One Big Beautiful Bill Act.
Taxes February 28, 2026
IRS and Treasury Issue Guidance on New Special Depreciation Allowance for Qualified Production Property
In addition to other requirements, the special depreciation allowance only applies to qualified production property placed in service after July 4, 2025, and before Jan. 1, 2031.
Taxes February 26, 2026
AICPA Requests Guidance for Itemized Deductions and Trump Accounts
The letter focuses on Section 70111, which modifies the Section 68 limitation on itemized deductions and provides comments on Notice 2025‑68, outlining the IRS’s planned regulations for Section 530A Trump accounts.
Taxes February 24, 2026
AICPA Pushes Treasury Department, IRS for Additional R&E Expensing Guidance
The AICPA is requesting the IRS issue guidance, through modifications to Revenue Procedure 2025-28 and/or other published guidance, regarding the capitalization and amortization of domestic research and experimentation under IRC Section 174A(c).
Taxes February 18, 2026
2026 Tax Filing and Form 1099-K – Know the New Rules This Tax Season
People who earn income or receive payments through third-party settlement organizations like Cash App, eBay, Etsy, PayPal, and Venmo—for the payment of “goods or services”—may receive Form 1099-K this year. Here are the new rules.