Diesel tax relief
An executive order directs the Treasury Department to suspend specified penalties when dyed diesel is sold or used for highway travel from October 5 through December 31. Any deferral of the underlying tax remains conditional.
Treasury says it completed automatic enrollment for Trump Accounts, leaving more than 60 million additional eligible children with accounts that a parent or guardian can claim.
CBP estimates 330,000 importers or brokers will file 495,000 CAPE declarations a year as it extends the worksheet used for court-ordered IEEPA tariff refunds.
Temporary IRS rules treat a scholarship group as located in a state when it is authorized to do business there. Donors must designate cash contributions and receive a unique number.
The Government Accountability Office produced the first government-wide estimate of annual federal tax fraud losses. Its $116bn to $304bn range equals about 2% to 6% of estimated tax liability.
The IRS has replaced IRS2Go with a new app that lets taxpayers sign in to selected Individual Online Account services, including balances, payments, notices, transcripts and identity-protection PINs.
California enacted a standalone credit for qualified film and television post-production performed in the state. It begins with 2027 tax years and can cover projects that filmed elsewhere.
The IRS says promoters are selling nonexistent Tribal Tax Credits as a way to reduce federal tax or generate refunds. Return acceptance does not mean the claimed credit was approved.
The IRS extended the replacement period for qualifying livestock sold because of drought. Eligible farmers and ranchers in listed regions can keep gain deferred until a drought free year ends the extension.
Treasury's CDFI Fund opened a $5 billion New Markets Tax Credit allocation round. Certified community development entities can apply by November 10 for authority to attract private investment into low-income communities.
The revised GloBE Information Return lets US headed groups elect the side by side safe harbor. The election removes the return's high level summary and some corporate structure reporting.
The HSA contribution limit is $4,400 for self-only coverage and $8,750 for family coverage in 2026. Those annual figures conceal monthly eligibility, employer contributions, separate spouse catch-ups and a last-month rule that can turn part of a contribution into income plus a 10 percent tax.
Final IRS regulations cover a temporary deduction of up to $10,000 for interest on qualifying new vehicle loans and require reporting when a business receives at least $600 of covered interest.
Proposed regulations would make race-based admissions, scholarships and other programs incompatible with section 501(c)(3) status at private schools. The rule would affect taxable years beginning after May 31, 2027.
The Medicare income surcharge is not a percentage of anything. It is a step, set by a tax return filed two years ago, and crossing a threshold by a single dollar moves a couple's combined premium by more than $2,290 a year. The number of people paying it rose by a million in 2026.
Ten corrections to the section 898(c) and 960(d)(4) proposed regulations published on 3 August. One reverses a timing test, one redirects the cross-reference the small-entity analysis relies on. Comments still close 17 September.
A correcting amendment lists 36 errors in the June rule, among them the omitted paragraph stating that a certified arbitrator's payment determination binds the parties. It applies back to 3 August.
IR-2026-101 encourages taxpayers who requested an extension to file now rather than at the deadline. Free File runs to 15 October and offers guided preparation to anyone with 2025 adjusted gross income of $89,000 or less.
Unofficial returns from all 1,984 precincts put State Question 844 down 389,735 to 138,755. It would have written a new instruction into the constitutional clause that reimburses local government for the manufacturing exemption.
The Government Accountability Office estimates 31 percent of existing Opportunity Zones would fail the new eligibility test, and that the 2025 tax law leaves about a quarter fewer eligible tracts to choose from.
A stakeholder readout published on Tuesday repeats the 11 percent figure without a base. The agency filing season table has it: $2,939 to $3,276, on returns received of 144,992,000 against 145,855,000.
Ninety-three pages of proposed rules put a United States shareholder into a controlled foreign corporation's income for the days it held the stock. A year now closes on a status change, and may close on an ownership swing above 50 percentage points.
Second quarter income tax expense was RMB3.3bn against RMB407.2m a year earlier. Income from operations was RMB1.5bn. Every operating measure the company reports fell, including orders and active customers.
The IRS said on Monday that the Filing Information Returns Electronically system closes at 3 p.m. eastern on 19 November 2026. Tax year 2026 information returns must go through IRIS instead.
A paperwork notice filed on Monday puts the individual return burden at 1.95 billion hours and $95.476bn. Hours fall 9.1 percent against last year's notice while out-of-pocket spending on software and preparers rises.
The District of New Jersey has permanently barred Roxanna Cedeno and RC Travel Agency from preparing federal returns. The order requires her to send a copy of it to every customer she filed for.
Euronews reports that the finance ministers of five EU states and Spain's economy minister have asked Ireland to put an EU-wide oil windfall levy on next month's Dublin agenda. Euronews also reports the letter is not final.
A CFR Correction published Friday reinstates section 1.987-1T into Title 26 as revised on 1 April 2026, calling its absence an editorial error. The reinstated text expires on 6 December 2019.
Revenue Ruling 2026-15 leaves the individual overpayment and underpayment rate at 7 percent for the quarter beginning 1 October. Large corporate underpayments stay at 9 percent. The whole table hangs on one figure rounded to the nearest whole point.
The IRS launched a digitally authenticated Tax Compliance Report on Thursday. It returns one of three statuses, and a taxpayer paying off a balance under an installment agreement is not shown as compliant.
A modified matching notice filed on 20 August re-establishes the IRS disclosure programme with the Louisiana Department of Health on amended terms. The Department of Children and Families will no longer take part.
Treasury and the IRS proposed rules on Thursday setting what a Trump account may hold while the beneficiary is a minor. Actively managed funds are out. So are funds tracking an ESG index.
The IRS ended its uniform conservation easement settlement initiative on Wednesday, withdrew the response deadlines on offers already issued, and set up an Office of Conservation Easements to run the cases from one place.
Fact sheet FS-2026-14 supersedes December's questions and answers on the limitation on the deduction for business interest expense, reclassifies the interest capitalisation rule from a change to a clarification, and retires a September 2020 proposed regulation.
Proposed regulations under section 430 would let plan amendments adopted after a plan year closes count in that year's funding calculation, raising the sponsor's deductible limit. Comments close 60 days after publication.
Proposed regulations define excluded property sales income for the foreign-derived deduction. Treasury and the IRS refused a remanufacturing exception and a depreciation recapture cap, and the rules reach back to sales after June 16, 2025.
The National Fraud Enforcement Division takes criminal tax, trade fraud, health plan fraud and cases involving money owed to the United States. It is the second move of criminal tax work in eight months.
The 2026 long-term capital gains breakpoints run to $49,450 and $545,500 for a single filer and to $98,900 and $613,700 for a married couple filing jointly. For an estate or trust they run to $3,300 and $16,250.
Proposed rules would drop the Form 1041-A requirement for trusts whose only charitable deduction arrives through a partnership or an S corporation, and state that split interest trusts file Form 5227 instead.
The proposed regulations would let a controlled foreign corporation elect out of computing section 987 currency gain or loss on a remittance. Comments close 90 days after publication.
Notice 2026-49 publishes four sample direct rollover forms, a rollover identification number and five protocols. Use is optional and earns no safe harbour. Comments close on October 23.
The Forms W-8 series covers 3,390,700 respondents at an average of 9 hours and 1 minute each. The collection is up for a straight extension, and comments close on 13 October.
The General Services Administration has raised the federal automobile rate to 76 cents a mile, the relocation rate to 23.5 cents and the privately owned airplane rate to $1.935, applying to travel performed since 1 July.
Treasury and the IRS have proposed the first regulations on employer contributions to Trump accounts. The exclusion is capped at $2,500 per employee, and a programme that steers contributions to a chosen trustee does not qualify at all.
The Treasury list of countries that require or may require cooperation with an international boycott names the same eight as every notice since April 2021. The statute requires publication at least quarterly.
The IRS filed its yearly Paperwork Reduction Act notices for business and for trust and estate returns on Friday. Both carry preliminary burden estimates and say the numbers were not finalised before release.
Final regulations align backup withholding on third party network transactions with the restored reporting threshold. A payee who exceeds it in one year is subject to withholding on every payment in the next.
The Internal Revenue Service updated its questions and answers on the deduction for qualified overtime compensation. From 2026 the amount is capped at what the employer reports on Form W-2 in box 12 using code TT.
Notice 2026-28 tells employers how to claim the section 45S credit on premiums paid for paid family and medical leave insurance rather than on wages. Comments close 16 October 2026.
Money & World set three consecutive editions of the IRS Data Book against each other to measure how much a published audit rate moves after it is first printed. For tax year 2021 the count of examined individual returns rose 49.5 percent across three editions. Measured at the same age, examinations opened on 2023 returns are running at half the 2022 pace, and the shortfall sits entirely below the top income band.
Proposed regulations REG-115145-25 set a single prescriptive method for allocating a foreign subsidiary's taxes between the one-month year created by repeal of the deferral election and the year after.
Apple reported June quarter revenue of $109.4 billion, up 16 percent, and said gross margin of 50.1 percent included a favourable impact of about 2 percentage points from tariff refunds, with diluted earnings per share of $2.02 including $0.11 of them.
LG Energy Solution reported consolidated revenue of 7.6 trillion won for the second quarter of 2026, up 15.3 percent on the quarter, and an operating profit of 113.3 billion won at a margin of 1.5 percent.
Starbucks says it submitted refund requests for tariffs paid under the International Emergency Economic Powers Act and has received substantially all of them, largely offsetting tariffs incurred in the first three quarters of fiscal 2026. No dollar figure is given.
Rio Tinto's half-year results, published Wednesday, disclose that Oyu Tolgoi made a $443 million tax payment during the six months to 30 June.
Deputy Prime Minister Koo Yun-cheol told the National Assembly that Korea will begin taxing income from virtual assets next year as scheduled, and that supplements will be considered after the tax takes effect, the Seoul Economic Daily reports.
The IRS said in IR-2026-84 that since 2007 its whistleblower program has contributed to more than $8 billion recovered and over $1.4 billion paid in awards, cumulative figures with no annual breakdown.
Every federal estate tax exemption and top rate from 1916 to 2026, in nominal dollars and in constant 2025 dollars. The exemption has been cut outright twice. Inflation has cut it far more often, and the longest freeze did more to widen the tax than any statute did.
The UK government announced on 21 July that VAT on domestic electricity bills will be removed from 1 October, taking the rate from 5 percent to zero in time for the next Ofgem price cap.
The full series of basic standard deduction amounts by filing status from 1970 to 2026, deflated to constant dollars. In real terms the deduction collapsed 39 percent between 1977 and 1984, sat flat for the three decades after 1988, and has been moved deliberately twice since.
Amendment 3 on the November 3 ballot raises the non-school homestead exemption to $150,000 in 2027 and $250,000 in 2028, and cuts the assessment cap on non-homestead property from 10 percent to 5 percent. It does not touch the 1992 Save Our Homes cap that gives it its name. State economists put the recurring cost at $11.8 billion a year, including $203 million in Collier County and $453 million in Lee.
Florida's homestead exemption and its Save Our Homes assessment cap are different benefits, and in a high-growth market like Collier County the cap is usually the larger one. Portability lets you carry that cap to a new home, up to $500,000 of it, if you move within three years.
In Piton Holdings, LLC v. Commissioner, 167 T.C. No. 4, filed July 15, the Tax Court found the fair market value of a conservation easement over 377.74 acres in Madison County, Alabama was $800,000.
Florida has no income tax. Leaving a high-tax state cleanly is harder than moving. The line is 184 days, any part of a day counts, and states like New York audit the wealthy who cross it.
The share of taxpayers who itemize fell from 30.6 percent to 9.5 percent after 2017. The IRS data shows it became a high-income tool. A new SALT cap reopens it through 2029.
PEEC approved revisions to the Tax Services interpretation of the ethics code, effective January 15, 2027.
The summer 2026 update lets business users download CP575 EIN verification and pay toward an offer in compromise.
Final regulations require participants and material advisers to disclose certain CRAT and annuity arrangements.
FCRA claims do not involve unlawful discrimination under section 62(a)(20), the Tax Court held in Eiler.
The IRS will abate three common penalties without a request from taxpayers who have three clean years behind them.
The business standard mileage rate rises to 76 cents from 72.5 cents for travel on or after July 1.
Judge Tapp held Treasury lacked authority under section 7805(a) to bar amortization deductions in the GILTI disqualified period.
The IRS opened an electronic Form 843 route on July 1, nine days before the protective claim deadline, and is appealing Kwong.
Final rules undo a 2019 regulation that could have made a death benefit taxable after a routine 1035 exchange.
Notice 2026-41 publishes the section 45U, 45V and 45Z inflation adjustment factors and applicable amounts for 2026.
The surcharge took effect July 1. The rules that say who owes it are still in draft.
Sportsbook losses face a new 90 percent deduction cap. Event contracts may sit outside it. The IRS has not ruled.
Final regulations under section 2056A change where QDOT bonds and letters of credit must be filed.
The Court of Federal Claims held section 6511(h) financial disability covers only the taxpayer's own impairment, not a relative's.
Rev. Proc. 2026-25 treats qualifying cash gifts to a section 530A account as present interests, removing the Form 709 duty.
An appellate court held that a pandemic office closure is not employer necessity, so remote pay stays New York source.
Every mid-year mileage adjustment since 2005 has been smaller than the one before it. The 2026 change continues an unbroken decline.
Nothing filed under that subtopic yet.