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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 - Education savings plan tax provisions and governance updated
Arizona updated its personal income tax provisions related to the AZ529 Education Savings Plan by conforming key definitions to federal law, raising the allowable limit for K–12 tuition withdrawals,...
Arizona updated its personal income tax provisions related to the AZ529 Education Savings Plan by conforming key definitions to federal law, raising the allowable limit for K–12 tuition withdrawals,...
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...
HI - Tax relief period for taxpayers affected by March 2026 kona low weather event extended
Hawaii extended its income tax relief for taxpayers affected by the March 2026 Kona Low weather event. The Department of Taxation will waive penalties and interest for late filing of returns and late ...
Hawaii extended its income tax relief for taxpayers affected by the March 2026 Kona Low weather event. The Department of Taxation will waive penalties and interest for late filing of returns and late ...
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 - 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...
IA - Withholding tax liability for business owner affirmed
An Iowa Administartive Law Judge (ALJ) ruled on whether a taxpayer was correctly assessed as a withholding agent personally liable for his LLC’s unpaid Iowa withholding taxes. The ALJ found that the...
An Iowa Administartive Law Judge (ALJ) ruled on whether a taxpayer was correctly assessed as a withholding agent personally liable for his LLC’s unpaid Iowa withholding taxes. The ALJ found that the...
MD - Comptroller issues sales and use legislative update
The Maryland Comptroller has issued a summary of sales and use tax legislation enacted during the 2026 regular session of the Maryland General Assembly. The alert also summarizes legislation that requ...
The Maryland Comptroller has issued a summary of sales and use tax legislation enacted during the 2026 regular session of the Maryland General Assembly. The alert also summarizes legislation that requ...
MA - Working draft issued discussing delayed conformity
Massachusetts issued guidance addressing changes to corporate and personal income taxes as part of the Fiscal Year 2026 Final Mid-Year Supplemental Appropriation Bill. The guidance introduces tax cred...
Massachusetts issued guidance addressing changes to corporate and personal income taxes as part of the Fiscal Year 2026 Final Mid-Year Supplemental Appropriation Bill. The guidance introduces tax cred...
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 - 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...
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 - 2026 third quarter PAT average wholesale prices released
Ohio has released the petroleum activity tax (PAT) statewide average wholesale prices for the third quarter of 2026.The average prices per gallon for the second quarter are:$1.956 for unleaded gasolin...
Ohio has released the petroleum activity tax (PAT) statewide average wholesale prices for the third quarter of 2026.The average prices per gallon for the second quarter are:$1.956 for unleaded gasolin...
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 - 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...
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...
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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