Annual Inflation Adjustments Announced for Tax Year 2026
The IRS on Thursday provided annual inflation adjustments for more than 60 tax provisions for tax year 2026 and increases...
IRS Offers Relief on Car Loan Interest Reporting Under H.R. 1
Nov 17, 2025
Transition relief provided by the IRS on Tuesday in Notice 2025-57 makes it easier for certain lenders to report car loan interest...
Congress Passes Act Allowing Tax Relief When a State Declares Disaster
Oct 20, 2025
Legislation passed by Congress will allow the IRS to grant tax relief when a governor declares either a disaster or...
Treasury Posts Preliminary List of Jobs Eligible for No Tax on Tips
Oct 16, 2025
Treasury posted a preliminary list of occupations that customarily and regularly receive tips for purposes of the “no tax on tips” provision...
IRS Warns Taxpayers: Social Media Advice Can Lead to Costly Penalties
Oct 14, 2025
Social media can be costly for taxpayers who turn to it for advice on filing returns, the IRS reiterated Monday....
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