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Taxpayers and tax pros have already dealt with many changes from the One Big Beautiful Bill Act on 2025 returns, but many provisions will be effective for the first time in 2026.
Rev. Proc. 2026-26, July 21, 2026 The Internal Revenue Service has issued Revenue Procedure 2026-26 to establish the necessary indexing adjustments for the 2027 calendar year....
Discover the essential "first day of filing taxes 2025" with our guide to the 7 key dates you need to know. Stay informed and prepare your tax filing efficiently!
Updated for tax year 2025. If you’re even a moderately successful freelancer, you likely know you must file a tax […] The post 5 Self-Employed IRS Tax Forms appeared first on .
Jasper L. Cummings, Jr. (Alston & Bird), The Supreme Court’s 2025 Term in Tax, 192 Tax Notes Fed. 867 (Aug. 3, 2026): This is my 15th annual review of Supreme Court opinions re...
Here is a list of (1) visiting assistant professor hires; (2) entry-level hires; (3) lateral moves; (4) promotions, tenures, chairs, and professorships; (5) administrative appointm...
Understand LTCG and STCG tax on stock gains for FY 2026-27 – 20% STCG, 12.5% LTCG, Rs 1.25 lakh exemption, tax-loss harvesting, and which ITR form to file.
The most notable tax law developments of the past month
Starting in 2027, tax brackets will no longer be indexed to inflation. This means that “tax inflation” will return.
IRS Fact Sheet FS-2026-14 (Aug. 19, 2026); Internal Revenue News Release IR-2026-94 (Aug. 19, 2026) On August 19, 2026, the Internal Revenue Service (IRS) released Fact Sheet...
For the better part of a decade, every estate planning conversation my colleagues had with a high-net-worth family started with the same clock: the 2017 Tax Cuts and Jobs Act exemp...
Updated for tax year 2025. If you live or work in New Jersey, you’ll likely need to file a New […] The post What is New Jersey Income Tax? Rates & Tax Brackets appeared first o...
Updated for tax year 2025. If you live or work in North Carolina, you’ll likely need to file a North […] The post What is North Carolina Income Tax? Rates & Tax Brackets appear...
Updated for tax year 2025. If you live in Delaware, or if you’re a part-year resident or nonresident with Delaware-source […] The post What is Delaware Income Tax? Rates & Tax...
Internal Revenue Service, Fact Sheet FS-2026-13, “Updates to Questions and Answers About the New Deduction for Qualified Overtime Compensation” (August 2026) The enactment o...
Notice 2026-48, August 7, 2026 In division T of the Consolidated Appropriations Act, 2023, Pub. L. 117-328, 136 Stat. 4459 (2022), known as the SECURE 2.0 Act of 2022 (SECURE...
Organizations that reimburse employees for business use of their personal vehicles have an important midyear update to make. Effective July 1, 2026, the IRS optional standard milea...
New or old tax regime for FY 2026-27? Learn how ELSS, equity LTCG, and debt fund gains are taxed under each regime – with a six-point investor checklist.
Notice 2026-28, 2026-28 I.R.B. 1 (Aug. 5, 2026) The enactment of the One, Big, Beautiful Bill Act (OBBBA), Pub. L. No. 119-21, 139 Stat. 72 (July 4, 2025), has fundamentally r...
Learn what the 2026 mid-year mileage reimbursement rate change means for employers and how to update your reimbursement policies.
The federal employer credit for paid family and medical leave was scheduled to expire after 2025. Congress instead made the credit permanent and substantially changed how employers...
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