IRS News

Tracking Three IRS Datapoints to Watch During the 2026 Tax Filing Season

The 2026 tax filing season is officially underway, and it is shaping up to be a historic one. This is… Read More

3 days ago

Beat the Rush: Skip the IRS Phone Lines This Presidents Day

The IRS is alerting taxpayers that Presidents' Day week (starting Feb. 16, 2026) is historically the busiest time for call… Read More

3 weeks ago

Navigating the Tax Tides: What US Taxpayers Need to Know for 2026

The tax landscape is ever-changing, and as we look ahead to 2026, several key areas deserve your attention. While the… Read More

1 month ago

Expecting a Bigger Refund? The “One Big Beautiful Bill Act” and Your 2026 Taxes

As Americans prepare to file their 2025 tax returns this spring, many are in for a pleasant surprise. Thanks to… Read More

2 months ago

New IRS Guidance: How to Deduct Car Loan Interest in 2026

The Treasury Department and the IRS have released official guidance regarding the "No Tax on Car Loan Interest" provision, a… Read More

2 months ago

IRS Updates Guidance on Business Interest Expense Deductions (Section 163(j))

The Internal Revenue Service has released updated frequently asked questions (FAQs) in Fact Sheet 2025-09, outlining significant changes to business… Read More

2 months ago

IRS Announces 2026 Standard Mileage Rates: Business Rates Rise, Medical Rates Dip

The Internal Revenue Service has released the optional standard mileage rates for 2026. These rates, used to calculate deductible costs… Read More

2 months ago

IRS Announces Higher Retirement Contribution Limits for 2026

The Internal Revenue Service (IRS) has announced significant increases in retirement savings limits for the 2026 tax year, primarily driven… Read More

4 months ago

New Tax Breaks on Tips and Overtime for 2025: IRS and Treasury Issue Guidance

The Department of the Treasury and the Internal Revenue Service (IRS) have issued Notice 2025-69 to clarify new tax deductions… Read More

4 months ago

Effective Tax Rates: A Critical Look at a New Study

Despite claims that the wealthy pay lower effective tax rates (ETRs) than other Americans, a new analysis of a recent… Read More

6 months ago
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