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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 - Calera tax rate changes announced
Alabama announced new sales, use, and rental tax rate changes for the City of Calera effective July 1, 2026. The general sales and use tax rate increases from 4% to 5%, while the rental tax general ra...
Alabama announced new sales, use, and rental tax rate changes for the City of Calera effective July 1, 2026. The general sales and use tax rate increases from 4% to 5%, while the rental tax general ra...
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 - Collection and filing enforcement cost recovery fees set for 2026-27 fiscal year
For the 2026-27 fiscal year, California personal income tax and corporate tax collection cost recovery fees are set at $362 for an individual, fiduciary, partnership, or limited liability company (LLC...
For the 2026-27 fiscal year, California personal income tax and corporate tax collection cost recovery fees are set at $362 for an individual, fiduciary, partnership, or limited liability company (LLC...
CO - Process for claiming wholesale exemption without a sales tax license clarified
Colorado issued guidance on how wholesalers without a state-issued sales tax license may claim a sales tax exemption on purchases made in Colorado. Wholesalers without a state-issued sales tax license...
Colorado issued guidance on how wholesalers without a state-issued sales tax license may claim a sales tax exemption on purchases made in Colorado. Wholesalers without a state-issued sales tax license...
FL - 2026-2027 indexed tax rate on asphalt manufactured by a contractor announced
Effective July 1, 2026, through June 30, 2027, the indexed tax rate for the calculation of Florida use tax due on asphalt manufactured by a contractor for the contractor’s own use is $1.19 (formerly...
Effective July 1, 2026, through June 30, 2027, the indexed tax rate for the calculation of Florida use tax due on asphalt manufactured by a contractor for the contractor’s own use is $1.19 (formerly...
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 - Guidance issued on July 1 hotel tax changes
Illinois issued guidance on changes to the hotel operators’ occupation, effective July 1, 2026, that:eliminate the 200-transaction threshold for requiring re-renters of hotel rooms to collect and pa...
Illinois issued guidance on changes to the hotel operators’ occupation, effective July 1, 2026, that:eliminate the 200-transaction threshold for requiring re-renters of hotel rooms to collect and pa...
IN - Guidance issued on modifications for specified research expenditures
New guidance is issued on modifications for specific research expenditures post-OBBBA. The general treatment of 2022-2024 specific research expenditures and post-2024 foreign research expenditures is ...
New guidance is issued on modifications for specific research expenditures post-OBBBA. The general treatment of 2022-2024 specific research expenditures and post-2024 foreign research expenditures is ...
KS - Local transient guest tax rate changes for July 1, 2026 announced
Kansas announced local transient guest tax rate changes for the second quarter of 2026. Effective July 1, 2026, the transient guest tax rates are:6% for the City of Larned, Leavenworth County, and Mit...
Kansas announced local transient guest tax rate changes for the second quarter of 2026. Effective July 1, 2026, the transient guest tax rates are:6% for the City of Larned, Leavenworth County, and Mit...
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 - Taxability of hotel charges paid by the federal government discussed
Hotel lodging charges are exempt from Missouri state and local sales and use tax when payment is made directly by the U.S. Government. Also, the lodging charges are exempt from state and local sales a...
Hotel lodging charges are exempt from Missouri state and local sales and use tax when payment is made directly by the U.S. Government. Also, the lodging charges are exempt from state and local sales a...
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 - Net operating loss deduction temporarily capped
New Jersey is temporarily capping the corporate business tax net operating loss deduction at $1 million, for privilege periods ending on or after July 31, 2026 but before July 31, 2030. For privilege ...
New Jersey is temporarily capping the corporate business tax net operating loss deduction at $1 million, for privilege periods ending on or after July 31, 2026 but before July 31, 2030. For privilege ...
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 - Professor's remote work wages remained New York source income despite pandemic closure
In a personal income tax case involving a professor who worked for a New York law school from his out-of-state home during the COVID-19 pandemic, an appellate court found that it was permissible for t...
In a personal income tax case involving a professor who worked for a New York law school from his out-of-state home during the COVID-19 pandemic, an appellate court found that it was permissible for t...
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 - Property tax relief program's income limits increased
Philadelphia has increased the income limits for three property tax relief programs. The increased income limits are in line with U.S. Department of Housing and Urban Development (HUD) 2026 Income Lim...
Philadelphia has increased the income limits for three property tax relief programs. The increased income limits are in line with U.S. Department of Housing and Urban Development (HUD) 2026 Income Lim...
SC - Sales tax holiday dates announced
South Carolina has announced that the annual sales tax holiday will take place August 7, 2026, through August 9, 2026. The following items will be exempt:clothing and clothing accessories,footwear,sch...
South Carolina has announced that the annual sales tax holiday will take place August 7, 2026, through August 9, 2026. The following items will be exempt:clothing and clothing accessories,footwear,sch...
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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