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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)Consolidated Appropriations Act, 2021 (revised)2020 Payroll Tax Deferral OrderCARES ActCoronavirus Tax Relief
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...
AL - Interest rate increased for third quarter of 2026
The interest rate on underpayments and overpayments of Alabama taxes will increase to 7% for the third quarter of 2026. Quarterly Interest Rates, Alabama Department of Revenue, June 16, 2026...
The interest rate on underpayments and overpayments of Alabama taxes will increase to 7% for the third quarter of 2026. Quarterly Interest Rates, Alabama Department of Revenue, June 16, 2026...
AR - Pallets used in delivery not eligible for resale exemption
A manufacturer of chicken and food products was not eligible for an Arkansas sales tax refund on rentals of pallets used to delivery its products because such transactions were not "sales for resale"....
A manufacturer of chicken and food products was not eligible for an Arkansas sales tax refund on rentals of pallets used to delivery its products because such transactions were not "sales for resale"....
CA - 2026-2027 IFTA and interstate user diesel fuel tax rates announced
The motor fuels tax rate that International Fuel Tax Agreement (IFTA) and Interstate User Diesel Fuel Tax (DI) licensees report and pay with their quarterly tax returns for diesel fuel purchased outsi...
The motor fuels tax rate that International Fuel Tax Agreement (IFTA) and Interstate User Diesel Fuel Tax (DI) licensees report and pay with their quarterly tax returns for diesel fuel purchased outsi...
CO - Business personal property exemption set, qualified-senior primary residence classification repealed
Colorado has enacted legislation affecting the business personal property tax exemption and the qualified-senior primary residence classification.Business personal property tax exemptionThe business p...
Colorado has enacted legislation affecting the business personal property tax exemption and the qualified-senior primary residence classification.Business personal property tax exemptionThe business p...
FL - Guidance provided on rounding method to be used for in-person cash transactions
Guidance is provided for businesses regarding rounding to the nearest nickel for in-person cash transactions since the penny is no longer in production.Rounding MethodThe United States Treasury ended ...
Guidance is provided for businesses regarding rounding to the nearest nickel for in-person cash transactions since the penny is no longer in production.Rounding MethodThe United States Treasury ended ...
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...
IL - Unitary combined reporting rules adopted and amended
Illinois adopted and amended rules on unitary combined reporting groups to implement a change in how a group determines nexus and the apportionable income of each group member. Effective for tax yea...
Illinois adopted and amended rules on unitary combined reporting groups to implement a change in how a group determines nexus and the apportionable income of each group member. Effective for tax yea...
IN - July 2026 gasoline use tax rate announced
The Indiana gasoline use tax rate for the month of July 2026 is $0.251 per gallon. However, taxpayers should note that Indiana Gov. Mike Braun has signed an executive order that extends, through July ...
The Indiana gasoline use tax rate for the month of July 2026 is $0.251 per gallon. However, taxpayers should note that Indiana Gov. Mike Braun has signed an executive order that extends, through July ...
KS - World cup transient guest tax changes discussed
Kansas issued guidance on transient guest tax changes during the 2026 FIFA World Cup from May 15, 2026 to July 25, 2026. The state enacted legislation that temporarily changed the definition of "trans...
Kansas issued guidance on transient guest tax changes during the 2026 FIFA World Cup from May 15, 2026 to July 25, 2026. The state enacted legislation that temporarily changed the definition of "trans...
KY - Executive order on motor fuels rate reduction extended
Kentucky Gov. Andy Beshear announced an extension of his executive order reducing gas and special fuel tax rates by 10 cents per gallon in 33 cities and counties where local officials requested an ext...
Kentucky Gov. Andy Beshear announced an extension of his executive order reducing gas and special fuel tax rates by 10 cents per gallon in 33 cities and counties where local officials requested an ext...
MI - Rental restrictions should be considered in determining senior care center's valuation
The Michigan Tax Tribunal's valuation of a continuing senior care retirement center (CCRC) was reversed and remanded because it failed to consider rent restrictions under 26 USC 142 in its valuation. ...
The Michigan Tax Tribunal's valuation of a continuing senior care retirement center (CCRC) was reversed and remanded because it failed to consider rent restrictions under 26 USC 142 in its valuation. ...
MO - Counties authorizing juvenile detention facility authorized to impose tax, subject to voter approval
Subject to voter approval, Missouri counties authorizing a juvenile detention facility may impose a sales tax of up to 1% on all retail sales for the purpose of providing such a facility. H.B. 2637, L...
Subject to voter approval, Missouri counties authorizing a juvenile detention facility may impose a sales tax of up to 1% on all retail sales for the purpose of providing such a facility. H.B. 2637, L...
NH - BPT estimated tax credit amounts amended
New Hampshire Business Profits Tax estimated tax payment credit amounts have been amended as follows.For tax periods after ending on or after December 31, 2033, the maximum credit is 350% of tax liabi...
New Hampshire Business Profits Tax estimated tax payment credit amounts have been amended as follows.For tax periods after ending on or after December 31, 2033, the maximum credit is 350% of tax liabi...
NJ - Nexus guidance updated to discuss NFTs
New Jersey revised its technical bulletin discussing nexus to clarify that when the transfer of non-fungible tokens (NFTs) solely represents a transfer of the legal ownership rights in the underlying ...
New Jersey revised its technical bulletin discussing nexus to clarify that when the transfer of non-fungible tokens (NFTs) solely represents a transfer of the legal ownership rights in the underlying ...
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 - Guidance issued on reporting certain depreciation and research deductions for 2025
New York issued a notice discussing recent amendments in the budget that decoupled from federal accelerated depreciation for qualified production property and from the federal treatment of research an...
New York issued a notice discussing recent amendments in the budget that decoupled from federal accelerated depreciation for qualified production property and from the federal treatment of research an...
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...
OK - Additional local tax rate change announced
The Oklahoma Tax Commission has announced an additional local sales and use tax change for the period of July 1, 2026 through September 30, 2026. Hominy decreases its sales and use tax rate to 3.0%. R...
The Oklahoma Tax Commission has announced an additional local sales and use tax change for the period of July 1, 2026 through September 30, 2026. Hominy decreases its sales and use tax rate to 3.0%. R...
PA - Philadelphia amends cell tower U&O tax
Philadelphia has approved a budget that includes changes to the Use & Occupancy (U&O) Tax calculation for properties with cell towers. The new calculation method is intended to ensure that cel...
Philadelphia has approved a budget that includes changes to the Use & Occupancy (U&O) Tax calculation for properties with cell towers. The new calculation method is intended to ensure that cel...
SC - Required use of combined reporting upheld
The South Carolina Court of Appeals affirmed a decision holding that it was permissible for the Department of Revenue to require a group to use combined unitary reporting because separate entity repor...
The South Carolina Court of Appeals affirmed a decision holding that it was permissible for the Department of Revenue to require a group to use combined unitary reporting because separate entity repor...
TN - Relief application process simplified for certain elderly taxpayers
Under a recently enacted Tennessee property tax law, a collecting official or the division of property assessments is not required to request documentation verifying the income of an elderly person se...
Under a recently enacted Tennessee property tax law, a collecting official or the division of property assessments is not required to request documentation verifying the income of an elderly person se...
TX - Cost of goods sold rule amended
Texas revised its rule regarding the cost of goods sold (COGS) deduction under the state's franchise tax to address some recent legislation, policy changes, and court cases. The amendments include:Dep...
Texas revised its rule regarding the cost of goods sold (COGS) deduction under the state's franchise tax to address some recent legislation, policy changes, and court cases. The amendments include:Dep...
WV - Guidance revised on gambling withholding
West Virginia revised guidance on withholding requirements for gambling winnings to reflect an increase in the threshold for federal backup withholding requirements. The minimum federal threshold amou...
West Virginia revised guidance on withholding requirements for gambling winnings to reflect an increase in the threshold for federal backup withholding requirements. The minimum federal threshold amou...
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