Entries by admin-wxc

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Year-round tax planning can make filing easier

WASHINGTON — The Internal Revenue Service today encouraged taxpayers to take simple steps now to make filing easier and avoid tax-time surprises next year. Year-round tax planning can help taxpayers stay organized, understand how changes in their lives or income may affect their taxes, and prepare for filing season. Publication 5349-A, Year-Round Tax Planning is for […]

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Take steps now to protect tax information

WASHINGTON — The Internal Revenue Service today reminded taxpayers to protect their information from tax-related identity theft by safeguarding their IRS online-account credentials and obtaining an Identity Protection PIN (IP PIN). “Protecting sensitive financial information is essential to preventing unauthorized users from accessing confidential tax information and IRS online services,” said IRS Chief Executive Officer […]

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Updated retirement plan correction program for individual accounts

WASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued two revenue procedures that update the correction program for employee retirement plans and create one for Individual Retirement Accounts. “Hard working Americans will benefit from these procedures because they simplify and speed up how errors with certain retirement plans and IRAs […]

Treasury and IRS move to protect health care benefits for eligible Americans

Proposed rules implement Working Families Tax Cuts reforms to prevent fraud and abuse of the Premium Tax Credit IR-2026-121, Oct. 14, 2026 WASHINGTON — The U.S. Department of the Treasury and the Internal Revenue Service issued proposed regulations to implement President Trump’s Working Families Tax Cuts reforms to the Premium Tax Credit (PTC), a refundable […]

IRS launches new mobile app, expanding digital services for taxpayers

WASHINGTON — The Internal Revenue Service today announced the launch of the new IRS mobile app, replacing IRS2Go and expanding the agency’s digital services to give taxpayers more ways to securely access IRS tools and account services from their mobile devices. “The new IRS app puts more services at taxpayers’ fingertips,” said IRS Chief Executive […]

IRS reminder: Direct Pay offers free, easy way to pay taxes

WASHINGTON — The Internal Revenue Service today reminded taxpayers who have bank accounts that Direct Pay offers a free, secure way to pay federal taxes directly from a checking or savings account. Direct Pay is available on IRS.gov and allows taxpayers to make one-time payments from their bank account without signing in or paying fees. […]

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Tax relief for farmers and ranchers affected by drought in 49 states

WASHINGTON − The Internal Revenue Service today issued guidance that provides an extension of tax relief for farmers and ranchers in most states and other regions who sold or exchanged livestock because of drought conditions. Under the guidance, those affected may take more time to replace their livestock and defer tax on any gains from the […]

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End Tax-Exempt Status for Discriminatory Practices in Private Schools

WASHINGTON – The Department of the Treasury and the Internal Revenue Service (IRS) have issued proposed regulations to end federal tax-exempt status for private schools that engage in racial discrimination, delivering on President Trump’s Executive Orders ending discrimination and restoring merit-based opportunity. “Under President Trump, this Administration is standing up for America’s students by ensuring […]

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Guidance on the Permanent Expansion of Paid Family and Medical Leave

WASHINGTON — The Department of the Treasury and the Internal Revenue Service (IRS) issued Notice 2026-28 PDF, providing guidance on the employer credit for paid family and medical leave (PFML) under the Working Families Tax Cuts (WFTC). The WFTC makes permanent and expands eligibility and coverage for employers offering PFML benefits to employees. “Hardworking Americans […]