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 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 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).
Tax Planning February 18, 2026
Planning for Charitable Contributions in 2026
H.R.1, the One Big Beautiful Bill Act, made several changes to the tax rules for charitable contributions, including a new charitable contribution deduction for non-itemizers effective starting in 2026.
Taxes February 17, 2026
Trump’s Tax Rules Still Unclear to U.S. Clean-Energy Industry
The Trump administration’s interim guidance on clean energy tax credits released Thursday offered some relief to the industry by laying out a manageable path for new projects. But, it still left investors uncertain.
Taxes February 16, 2026
Massachusetts Lawmakers Urged to ‘Opt Out’ of New Federal Tax Policies
Gov. Maura Healey has proposed delaying implementation until next year of what she described as the five “most costliest” changes in the federal tax code created by the One Big Beautiful Bill Act.
Taxes February 13, 2026
IRS Issues Guidance on Prohibited Foreign Entity Restrictions for Energy Tax Credits
The One Big Beautiful Bill Act introduced comprehensive foreign entity of concern rules forbidding prohibited foreign entities from claiming clean energy tax credits.