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2026 Post-Filing Season Update2025 Tax Year-in-Review2025 Year-End Tax PlanningOne Big Beautiful Bill Act (Signed Into Law July 4, 2025)
2027 Inflation Adjustments for Health Savings Accounts Released (Rev. Proc. 2026-24)
The IRS has released the 2027 inflation-adjusted amounts for health savings accounts under Code Sec. 223. For calendar year 2027, the annual limitation on deductions under Code Sec. 223(b)(2) for a...
The IRS has released the 2027 inflation-adjusted amounts for health savings accounts under Code Sec. 223. For calendar year 2027, the annual limitation on deductions under Code Sec. 223(b)(2) for a...
IRS Adds New Trump Account Features to IRS Individual Accounts (IR 2026-68)
The IRS has introduced new online features that allow taxpayers to view and submit Trump Account elections through their IRS Individual Account. The new tools are meant to make the process easier, fa...
The IRS has introduced new online features that allow taxpayers to view and submit Trump Account elections through their IRS Individual Account. The new tools are meant to make the process easier, fa...
IRS and Security Summit Partners Launch New Fraud Prevention Framework (IR 2026-75)
The IRS and its Security Summit partners have announced a new framework to better protect taxpayers from identity theft and tax fraud. The updated approach is designed to improve information sharing a...
The IRS and its Security Summit partners have announced a new framework to better protect taxpayers from identity theft and tax fraud. The updated approach is designed to improve information sharing a...
IRS Highlights Verified Social Media and e-News Resources for Tax Information
The IRS has encouraged taxpayers to use official IRS social media accounts and e-News services to stay informed and avoid false tax information online. Social media can be a helpful way to get updates...
The IRS has encouraged taxpayers to use official IRS social media accounts and e-News services to stay informed and avoid false tax information online. Social media can be a helpful way to get updates...
ETAAC Report Highlights Technology, AI and Taxpayer Service Priorities (IR 2026-77)
The IRS Electronic Tax Administration Advisory Committee released its 2026 annual report with 18 recommendations aimed at improving electronic tax administration and taxpayer service. Six recommendati...
The IRS Electronic Tax Administration Advisory Committee released its 2026 annual report with 18 recommendations aimed at improving electronic tax administration and taxpayer service. Six recommendati...
Inflation Adjusted Credit Rate for Carbon Dioxide Sequestration Released (Notice 2026-29)
The IRS has released the inflation adjustment factor for the credit for carbon oxide sequestration under Code Sec. 45Q for 2026. The inflation adjustment factor is 1.4639, and the credit is $29.28 p...
The IRS has released the inflation adjustment factor for the credit for carbon oxide sequestration under Code Sec. 45Q for 2026. The inflation adjustment factor is 1.4639, and the credit is $29.28 p...
IRS Issues Nonconventional Source Fuel Reference Price for 2025 (Notice 2026-30)
The IRS has published the reference price under Code Sec. 45K(d)(2)(C). The credit period for the nonconventional source production credit under Code Sec. 45K ended on December 31, 2013, for facili...
The IRS has published the reference price under Code Sec. 45K(d)(2)(C). The credit period for the nonconventional source production credit under Code Sec. 45K ended on December 31, 2013, for facili...
2026 Marginal Production Percentage Depletion Rates Announced (Notice 2026-35)
The IRS has announced the applicable percentage under Code Sec. 613A to be used in determining percentage depletion for marginal properties for the 2026 calendar year. Code Sec. 613A(c)(6)(C) defi...
The IRS has announced the applicable percentage under Code Sec. 613A to be used in determining percentage depletion for marginal properties for the 2026 calendar year. Code Sec. 613A(c)(6)(C) defi...
AZ - Updated local tax rate table released
Arizona's Department of Revenue released the transaction privilege tax (TPT) rate chart effective August 1, 2026. It includes rate changes for Huachuca City. Transaction Privilege and Other Tax Rate T...
Arizona's Department of Revenue released the transaction privilege tax (TPT) rate chart effective August 1, 2026. It includes rate changes for Huachuca City. Transaction Privilege and Other Tax Rate T...
CA - Guidance provided on reporting exempt miles and gallons on IFTA quarterly returns
Guidance is provided regarding the reporting of miles and gallons that are exempt from motor fuels tax on International Fuel Tax Agreement (IFTA) quarterly tax returns. When an IFTA jurisdiction suspe...
Guidance is provided regarding the reporting of miles and gallons that are exempt from motor fuels tax on International Fuel Tax Agreement (IFTA) quarterly tax returns. When an IFTA jurisdiction suspe...
CO - Wholesale exemption clarified for sales to business outside the United States
Colorado issued guidance on the tax treatment of wholesale sales to a purchaser located outside the United States for resale outside the United States when the purchaser takes title and possession of ...
Colorado issued guidance on the tax treatment of wholesale sales to a purchaser located outside the United States for resale outside the United States when the purchaser takes title and possession of ...
FL - Exemption for Portable Gas or Diesel Fuel Cans Expanded
Recently enacted legislation provides that the Florida sales and use tax exemption for portable gas or diesel fuel cans is expanded, effective July 1, 2026, to include portable propane tanks with a ca...
Recently enacted legislation provides that the Florida sales and use tax exemption for portable gas or diesel fuel cans is expanded, effective July 1, 2026, to include portable propane tanks with a ca...
GA - Withholding guide for employers updated
Georgia updated its guidance on personal income tax withholding requirements for employers in 2026. The revisions include a reduction in the state income tax rate from 5.19% to 4.99%, effective May 11...
Georgia updated its guidance on personal income tax withholding requirements for employers in 2026. The revisions include a reduction in the state income tax rate from 5.19% to 4.99%, effective May 11...
HI - Maximum deduction for contributions to individual housing accounts increased
For taxable years beginning after December 31, 2026, the maximum annual deduction for contributions to individual housing accounts is increased from $5,000 to $20,000 for individual filers and from $1...
For taxable years beginning after December 31, 2026, the maximum annual deduction for contributions to individual housing accounts is increased from $5,000 to $20,000 for individual filers and from $1...
ID: Reminder issued on exemption for small sellers
daho residents are reminded about previously enacted legislation that provides a sales and use tax exemption for certain small sellers with annual sales of $5,000 or less. The exemption is effective J...
daho residents are reminded about previously enacted legislation that provides a sales and use tax exemption for certain small sellers with annual sales of $5,000 or less. The exemption is effective J...
IL - Impact of 2026 law changes on current year tax liabilities discussed
Illinois issued guidance discussing law changes that may impact tax 2026 liabilities for certain taxpayers. Effective beginning with the 2026 tax year, partnerships, trusts and estates, and individual...
Illinois issued guidance discussing law changes that may impact tax 2026 liabilities for certain taxpayers. Effective beginning with the 2026 tax year, partnerships, trusts and estates, and individual...
IA - Recycling program is tax exempt
The Iowa Department of Revenue determined that a new city-wide recycling program in the city of Ames is exempt from sales tax. The city contracts with a third party to collect recyclables from residen...
The Iowa Department of Revenue determined that a new city-wide recycling program in the city of Ames is exempt from sales tax. The city contracts with a third party to collect recyclables from residen...
MD - Equipment used to transmit electricity was exempt
Equipment used by a public utility to transmit and deliver electricity generated out of state to customers in Maryland was exempt from sales and use tax. The transmission and distrubution system was d...
Equipment used by a public utility to transmit and deliver electricity generated out of state to customers in Maryland was exempt from sales and use tax. The transmission and distrubution system was d...
MA - Unsubstantiated theft loss deduction leads abatement denial
The Massachusetts Appeals Court affirmed an Appellate Tax Board decision concerning Massachusetts personal income tax, upholding the Commissioner of Revenue's denial of the taxpayer's request for abat...
The Massachusetts Appeals Court affirmed an Appellate Tax Board decision concerning Massachusetts personal income tax, upholding the Commissioner of Revenue's denial of the taxpayer's request for abat...
NV - Tax exemption criteria tightened for nonprofit organizations
Nevada's Department of Taxation has revised the criteria for nonprofit organizations to qualify for sales and use tax exemptions, requiring compliance with enhanced standards. In determining whether a...
Nevada's Department of Taxation has revised the criteria for nonprofit organizations to qualify for sales and use tax exemptions, requiring compliance with enhanced standards. In determining whether a...
NM - 2026 Q3 interest rates announced
New Mexico has announced that its interest rate on underpaid and overpaid taxes will increase to 7% for the third quarter of 2026. Penalty & Interest Rates, New Mexico Taxation and Revenue Departm...
New Mexico has announced that its interest rate on underpaid and overpaid taxes will increase to 7% for the third quarter of 2026. Penalty & Interest Rates, New Mexico Taxation and Revenue Departm...
NY - Deficiency notice not supported by evidence
Taxpayers successfully challenged a New York personal income tax deficiency notice that included certain unemployment compensation in their income. The facts in evidence rebutted the presumption of co...
Taxpayers successfully challenged a New York personal income tax deficiency notice that included certain unemployment compensation in their income. The facts in evidence rebutted the presumption of co...
NC: Guidance issued on weight-based snuff tax, alternative nicotine products tax, and inventory tax
Guidance is issued regarding recently enacted legislation, effective July 1, 2025, that changed the North Carolina excise tax rate methodology for snuff, imposed a new excise tax on alternative nicoti...
Guidance is issued regarding recently enacted legislation, effective July 1, 2025, that changed the North Carolina excise tax rate methodology for snuff, imposed a new excise tax on alternative nicoti...
ND - Local rate changes announced
North Dakota has announced the following local sales and use tax changes effective July 1, 2026: (1) the city of Drayton will increase its city sales, use, and gross receipts tax to 3.5%; (2) the city...
North Dakota has announced the following local sales and use tax changes effective July 1, 2026: (1) the city of Drayton will increase its city sales, use, and gross receipts tax to 3.5%; (2) the city...
OH - New personal withholding tables issued
Ohio issued new personal income tax withholding tables for employers, effective for payrolls that end on or after August 1, 2026. The income tax rate reductions authorized in the FY 2026-27 appropriat...
Ohio issued new personal income tax withholding tables for employers, effective for payrolls that end on or after August 1, 2026. The income tax rate reductions authorized in the FY 2026-27 appropriat...
OR - Portland arts tax amended
Portland has amended its Arts Tax to provide tax relief and enhance the sustainability of the Arts Access Fund.The tax is increased from $35 to $50 on each resident of Portland who is at least 18 in t...
Portland has amended its Arts Tax to provide tax relief and enhance the sustainability of the Arts Access Fund.The tax is increased from $35 to $50 on each resident of Portland who is at least 18 in t...
PA - Real estate valuation factors updated
The Pennsylvania Department of Revenue (DOR) has issued revised real estate valuation factors based on sales data compiled by the State Tax Equalization Board in 2025. These factors are the mathematic...
The Pennsylvania Department of Revenue (DOR) has issued revised real estate valuation factors based on sales data compiled by the State Tax Equalization Board in 2025. These factors are the mathematic...
TN - Sales tax holiday dates announced
Tennessee has announced that the annual sales tax holiday will take place July 31, 2026, through August 2, 2026. During the holiday weekend, clothing and school supplies priced at $100 or less can be ...
Tennessee has announced that the annual sales tax holiday will take place July 31, 2026, through August 2, 2026. During the holiday weekend, clothing and school supplies priced at $100 or less can be ...
TX - May 2026 certification of the average closing price of gas and oil released
The Texas Comptroller of Public Accounts has determined the average taxable price of crude oil for the reporting period May 2026 is $49.94 per barrel for the three-month period beginning on February 1...
The Texas Comptroller of Public Accounts has determined the average taxable price of crude oil for the reporting period May 2026 is $49.94 per barrel for the three-month period beginning on February 1...
UT - Lubricating oil fee increased
The Utah State Tax Commission issued a bulletin on previously enacted legislation that increases the lubricating oil fee from 4 cents per quart (or 16 cents per gallon) to 8 cents per quart (or 32 cen...
The Utah State Tax Commission issued a bulletin on previously enacted legislation that increases the lubricating oil fee from 4 cents per quart (or 16 cents per gallon) to 8 cents per quart (or 32 cen...
VA - 2026 legislative summary issued
The Virginia Department of Taxation issued its 2026 legislative summary to reflect state and local tax legislation enacted during the 2026 Session of the General Assembly, including the 2026 Special S...
The Virginia Department of Taxation issued its 2026 legislative summary to reflect state and local tax legislation enacted during the 2026 Session of the General Assembly, including the 2026 Special S...
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