Treasury, IRS provide guidance on the new deduction for car loan interest under the One, Big, Beautiful Bill
To help taxpayers take advantage of this new tax benefit, today’s guidance addresses important eligibility criteria.
IRS sets 2026 business standard mileage rate at 72.5 cents per mile, up 2.5 cents
The Internal Revenue Service today announced that the optional standard mileage rate for business use of automobiles.
IRS updates frequently asked questions on the Premium Tax Credit
OBBB made a number of changes to the Premium Tax Credit and have updated the FAQ to reflect this.
USDA Launches New Regenerative Agriculture Pilot Program, Dedicating $1 Billion for Practices
New program to help ag producers adopt practices that improve soil health, water quality, and long-term productivity.
2026 Cost of Living Adjustments (COLA) and Retirement Plan Limits
On Nov. 13, 2025, the Internal Revenue Service issued Notice 2025-67, providing the cost-of-living dollar limits for retirement plans
IRS clarifies how employees can claim 2025 tip and overtime deductions
The IRS issued guidance for workers eligible to claim the temporary deductions for tip and overtime compensation for tax year 2025 and is updating some income tax forms and instructions to help taxpayers claim the deductions.
IRS issue guidance on Trump Accounts established under the Working Families Tax Cuts; notice announces upcoming regulations
The government issued a notice announcing upcoming regulations and providing guidance regarding Trump Accounts, which are a new type of individual retirement account (IRA) for eligible children.
Don’t let grinchy scammers ruin holiday gift card giving
Since 2019, has received over 1,000 gift card phishing emails averaging 200 per year. Don’t fall prey!
Treasury, IRS provide guidance for individuals who received tips or overtime during tax year 2025
The IRS is in the process of updating income tax forms and instructions for taxpayers to use this filing season that will assist them in claiming these deductions.
401(k) limit increases to $24,500 for 2026, IRA limit increases to $7,500
The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2026 has increased to $24,500, up from $23,500 for 2025.