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IRS News Releases, Statements and Announcements

Updated Tax Withholding Estimator lets millions of taxpayers take One, Big, Beautiful Bill changes into account when calculating their withholding

IR-2026-35, March 12, 2026 — The Internal Revenue Service recently unveiled enhancements to the IRS Tax Withholding Estimator to reflect changes to credits and deductions under the One, Big, Beautiful Bill, including no tax on tips, no tax on overtime, and other tax benefits

Treasury, IRS issue proposed regulations on how to open initial Trump Accounts under the One, Big, Beautiful Bill

IR-2026-33, March 6, 2026 —The Department of the Treasury and the Internal Revenue Service today issued proposed regulations providing general requirements for Trump Accounts, certain definitions relating to Trump Accounts, election rules to open an initial Trump Account by an authorized individual for an eligible individual, and rules for who is the responsible party for the initial Trump Account once the account has been opened.

Treasury, IRS issue proposed regulations for Trump Accounts contribution pilot program, Treasury Department to deposit $1,000 into the account of each eligible child

IR-2026-31, March 6, 2026 — The Department of the Treasury and the Internal Revenue Service today issued proposed regulations providing guidance regarding the pilot program for Trump Accounts, which are a new type of individual retirement account for eligible children.

Dirty Dozen tax scams for 2026: IRS reminds taxpayers to watch out for dangerous threats

IR-2026-30, March 5, 2026 — The Internal Revenue Service today announced its annual Dirty Dozen list of tax scams for 2026 that threaten the tax and financial information of taxpayers, businesses, and tax professionals.

Treasury, IRS issue proposed regulations to make it easier for digital asset brokers to provide 1099-DA statements electronically

IR-2026-29, March 5, 2026 — The Department of the Treasury and the Internal Revenue Service today issued proposed regulations to make it easier for digital asset brokers to provide statements electronically to customers, rather than sending paper copies.

IRS published schedule taxpayers will use to claim deductions on no tax on tips, no tax on overtime, no tax on car loans, no tax on seniors

IR-2026-28, March 2, 2026 – The Internal Revenue Service published, for tax year 2025, a new schedule that taxpayers will use to realize important tax benefits of the One, Big, Beautiful Bill, including no tax on tips, no tax on overtime, no tax on car loans, and no tax on seniors.

IRS launches new web page to streamline tax fraud and scam reporting

IR-2026-26, Feb. 26, 2026 — The Internal Revenue Service today announced the launch of a new web page that allows taxpayers to confidentially report suspected tax fraud, scams, evasion, or other tax-related illegal activities, as well as internal-facing improvements that will enhance how referrals are used to stop illegal activity.

Avoid waiting on hold; use IRS online tools for faster help

IR-2026-24, Feb. 13, 2026 — With the 2026 filing season underway and increased call-center demand around the Presidents Day holiday on Feb. 16, the Internal Revenue Service encourages taxpayers to visit Let Us Help You on IRS.gov and use online tools to get fast, convenient help without waiting on hold.

Create an IRS Individual Online Account today for security and convenience

IR-2026-21, Feb. 3, 2026 — The IRS encourages all taxpayers to create an IRS Individual Online Account to access their tax account information securely online and to help protect against identity theft and fraud.

IRS continues normal activities under the 2026 lapse in appropriations

Feb. 2, 2026 — The Internal Revenue Service will continue operations under the current lapse in appropriations until further notice, using funding from 2022 legislation.

IRS issues frequently asked questions about Executive Order 14247: Modernizing Payments To and From America’s Bank Account

 

IR-2026-13, Jan. 27, 2026 — The Internal Revenue Service today issued frequently asked questions to help taxpayers, businesses, and other stakeholders understand the changes under Executive Order 14247: Modernizing Payment To and From America’s Bank Account.

 

IRS joins national partners to launch EITC Awareness Day

IR-2026-11, Jan. 23, 2026 — The Internal Revenue Service and partners nationwide today launched the annual Earned Income Tax Credit Awareness Day outreach campaign to help millions of eligible low-to- moderate-income, working Americans claim the Earned Income Tax Credit.

Treasury, IRS issue FAQs to address the new deduction for qualified overtime compensation under the One, Big, Beautiful Bill

IR-2026-10, Jan. 23, 2026 — The Department of the Treasury and the Internal Revenue Service today issued frequently asked questions in Fact Sheet 2026-01 related to the new deduction for qualified overtime compensation under the One, Big, Beautiful Bill.

Use IRS Free File to conveniently file your return at no cost

IR-2026-05, Jan. 9, 2026 — IRS Free File will begin accepting individual tax returns today, giving eligible taxpayers an early opportunity to prepare and file their federal income tax returns ahead of the official start of the 2026 filing season later this month.

IRS.gov resources can help answer questions about the One, Big, Beautiful Bill

IR-2026-04, Jan. 9, 2026 — Taxpayers may be able to take advantage of new deductions that could reduce taxable income and increase refunds due to the One, Big, Beautiful Bill, passed by Congress in July 2025.

IRS announces first day of 2026 filing season; online tools and resources help with tax filing

IR-2026-02, Jan. 8, 2026 — The Internal Revenue Service announced Monday, January 26, 2026, as the opening of the nation’s 2026 filing season. This year, several new tax law provisions of the One, Big, Beautiful Bill become effective, which could impact federal taxes, credits and deductions.

Prepare to file in 2026: Get Ready for tax season with key updates, essential tips

IR-2026-01, Jan. 6, 2026 — With the 2026 filing season quickly approaching, the Internal Revenue Service is urging taxpayers to take a few simple steps now to prepare for filing their 2025 federal income tax returns.

Treasury, IRS provide guidance on the new deduction for car loan interest under the One, Big, Beautiful Bill

 

IR-2025-129, Dec. 31, 2025 — The Department of the Treasury and the Internal Revenue Service today provided guidance on the “No Tax on Car Loan Interest” provision enacted under the One, Big, Beautiful Bill.

IRS sets 2026 business standard mileage rate at 72.5 cents per mile, up 2.5 cents

 

IR-2025-128, Dec. 29, 2025 — The Internal Revenue Service today announced that the optional standard mileage rate for business use of automobiles will increase by 2.5 cents in 2026.

IRS updates frequently asked questions on the Premium Tax Credit

 

IR-2025-127, Dec. 23, 2025 – The Internal Revenue Service today updated frequently asked questions in Fact Sheet 2025-10 related to changes to the Premium Tax Credit made under the One Big, Beautiful Bill and to related provisions that no longer apply.

IRS updates frequently asked questions on changes to the Limitation on the Deduction for Business Interest Expense

 

IR-2025-126, Dec. 23, 2025 — The Internal Revenue Service today updated frequently asked questions in Fact Sheet 2025-09 regarding changes to the limitation on the deduction for business interest expense (Section 163(j)) under the One, Big, Beautiful Bill.

 

Treasury, IRS provide guidance on new tax benefits for health savings account participants under the One, Big, Beautiful Bill

IR-2025-119, Dec. 9, 2025 — The Department of the Treasury and the Internal Revenue Service today issued Notice 2026-05 providing guidance on new tax benefits for Health Savings Account participants under the One, Big, Beautiful Bill.

Treasury, IRS issue guidance on Trump Accounts established under the Working Families Tax Cuts; notice announces upcoming regulations

IR-2025-117, Dec. 2, 2025 — The Department of the Treasury and the Internal Revenue Service today issued a notice announcing upcoming regulations and providing guidance regarding Trump Accounts, which are a new type of individual retirement account for eligible children.

Treasury, IRS provide guidance for individuals who received tips or overtime during tax year 2025

IR-2025-114, Nov. 21, 2025 — The Department of the Treasury and the Internal Revenue Service today issued guidance for workers eligible to claim the deduction for tips and for overtime compensation for tax year 2025.

IRS resumes normal activities following the 2025 lapse in appropriations

Nov. 19, 2025 — The IRS has resumed normal operations following the conclusion of the government shutdown, including reopening the agency’s Taxpayer Assistance Centers. As full operations recommenced, it is important for taxpayers and tax professionals to be aware of several key pieces of information in multiple areas.

 

401(k) limit increases to $24,500 for 2026, IRA limit increases to $7,500

IR-2025-111, Nov. 13, 2025 — 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.

IRS issues FAQs on Form 1099-K threshold under the One, Big, Beautiful Bill; dollar limit reverts to $20,000

IR-2025-107, Oct. 23, 2025 — The Internal Revenue Service today issued frequently asked questions in Fact Sheet 2025-08 regarding the dollar threshold for filing Form 1099-K under the One, Big, Beautiful Bill.

Statement on IRS operations limited during the lapse in appropriations; regular tax deadlines remain

Oct. 21, 2025 — Due to the current lapse in appropriations, IRS operations are limited. However, the underlying tax law remains in effect, and all taxpayers must continue to meet their tax obligations as normal.

IRS releases tax inflation adjustments for tax year 2026, including amendments from the One, Big, Beautiful Bill

IR-2025-103, Oct. 9, 2025 — The Internal Revenue Service today announced the tax year 2026 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2025-32 provides details about these annual adjustments.

IRS releases tax inflation adjustments for tax year 2026, including amendments from the One, Big, Beautiful Bill

IR-2025-103, Oct. 9, 2025 — The Internal Revenue Service today announced the tax year 2026 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2025-32 provides details about these annual adjustments.

IRS to phase out paper tax refund checks starting with individual taxpayers

IR-2025-94, Sept. 23, 2025 — The Internal Revenue Service, working with the U.S. Department of the Treasury, today announced that paper tax refund checks for individual taxpayers will be phased out beginning on Sept. 30, 2025, as required by Executive Order 14247, to the extent permitted by law.