WASHINGTON — The Department of the Treasury and the Internal Revenue Service issued proposed regulations to apply and clarify the federal law regarding the eligibility requirements for taxpayer-funded refundable individual income tax credits,…
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New report provides secure, on-demand access through IRS Individual Online Account
IR-2026-97, Aug. 20, 2026
WASHINGTON — The Internal Revenue Service today announced a digitally authenticated Tax Compliance Report available through…
WASHINGTON — The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning Oct. 1, 2026.
For individuals, the rate for overpayments and underpayments will be 7% per year, compounded…
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WASHINGTON — The Internal Revenue Service today announced a new automatic process to provide penalty relief for taxpayers with a history of filing and paying on time, reducing the need for them to request assistance.
The new Automatic Exemption…
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WASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued Revenue Procedure 2026-25 PDF providing a gift tax reporting safe harbor for certain contributions to Trump accounts created under the Working Families…
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WASHINGTON — The Internal Revenue Service announced that 27 states have elected to participate in the Federal Scholarship Tax Credit (FSTC) program, which enables eligible taxpayers to claim a federal tax credit for qualified contributions…
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WASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued Notice 2026-36 PDFannouncing intent to issue proposed regulations addressing the tax on excessive compensation and excess parachute payments to employees…
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WASHINGTON — The Internal Revenue Service today announced new features in IRS Individual Accounts that allow taxpayers to view and submit Trump Account elections, making it easier to invest in these tax-advantaged accounts.
Through IRS…
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Tens of millions of taxpayers may be entitled to refunds or abatements of penalties and interest that the IRS assessed during the nearly 3.5-year COVID-19 federal disaster period. However, this relief will not happen automatically. To protect…
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Year-round tax planning can make filing easierOctober 29, 2026 - 7:38 pm
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Updated retirement plan correction program for individual accountsOctober 29, 2026 - 7:32 pm
Rules to protect refundable tax credits from abuse by illegal aliens
IRS launches digitally authenticated Tax Compliance Report
Interest rates remain the same for the fourth quarter of 2026
IRS simplifies penalty relief, introduces automatic process for eligible taxpayers
Safe harbor for contributions to Trump Accounts under the Working Families Tax Cuts
U.S. States signed up to participate in the federal scholarship tax credit program
IRS announce intent to issue proposed regulations for tax-exempt organization
Taxpayers can now view and submit Trump Account elections in their IRS Individual Account
Tens of Millions of Taxpayers May Be Eligible for Significant Tax Refunds