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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 - Updated local tax rate table released
Arizona's Department of Revenue released the transaction privilege tax (TPT) rate chart effective August 1, 2026. It includes rate changes for Huachuca City. Transaction Privilege and Other Tax Rate T...
Arizona's Department of Revenue released the transaction privilege tax (TPT) rate chart effective August 1, 2026. It includes rate changes for Huachuca City. Transaction Privilege and Other Tax Rate T...
CA - Ruling provides clarity regarding contingent beneficiaries of discretionary trusts
The California Franchise Tax Board has issued a ruling that provides clarity to situations involving contingent beneficiaries of discretionary trusts. The ruling assumes in each instance that a reside...
The California Franchise Tax Board has issued a ruling that provides clarity to situations involving contingent beneficiaries of discretionary trusts. The ruling assumes in each instance that a reside...
CO - New simplefile tool helps low income nonfilers claim 2025 credits
Colorado issued guidance on personal income tax filing for low-income families and announced a partnership with Code for America to provide the free SimpleFile tool that helps eligible non-filers clai...
Colorado issued guidance on personal income tax filing for low-income families and announced a partnership with Code for America to provide the free SimpleFile tool that helps eligible non-filers clai...
FL - Guidance issued on updated IRC conformity
Guidance is issued regarding recently enacted legislation that amended the definition of "Internal Revenue Code" in the Florida Income Tax Code to adopt the IRC retroactively to January 1, 2026. As a ...
Guidance is issued regarding recently enacted legislation that amended the definition of "Internal Revenue Code" in the Florida Income Tax Code to adopt the IRC retroactively to January 1, 2026. As a ...
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 - Film tax credit expanded
Hawaii has made the following legislative changes to its motion picture, digital media, and film production tax credit:for qualified productions with a workforce of at least 80% local hires, providing...
Hawaii has made the following legislative changes to its motion picture, digital media, and film production tax credit:for qualified productions with a workforce of at least 80% local hires, providing...
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 - Impact of 2026 law changes on current year tax liabilities discussed
Illinois issued guidance discussing law changes that may impact tax 2026 liabilities for certain taxpayers. Effective beginning with the 2026 tax year, partnerships, trusts and estates, and individual...
Illinois issued guidance discussing law changes that may impact tax 2026 liabilities for certain taxpayers. Effective beginning with the 2026 tax year, partnerships, trusts and estates, and individual...
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 - Proposed revocation of certificate of authority upheld
The New York Department of Taxation and Finance’s proposed revocation of a taxpayer’s sales tax certificate of authority was upheld because the taxpayer willfully failed to file required sales tax...
The New York Department of Taxation and Finance’s proposed revocation of a taxpayer’s sales tax certificate of authority was upheld because the taxpayer willfully failed to file required sales tax...
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 - Real estate valuation factors updated
The Pennsylvania Department of Revenue (DOR) has issued revised real estate valuation factors based on sales data compiled by the State Tax Equalization Board in 2025. These factors are the mathematic...
The Pennsylvania Department of Revenue (DOR) has issued revised real estate valuation factors based on sales data compiled by the State Tax Equalization Board in 2025. These factors are the mathematic...
TN - Local rate change announced for City of Portland
Tennessee announced that voters in the City of Portland approved increasing the local sales tax rate in the portion of the city located in Sumner County to 2.75%, effective August 1, 2026. The new rat...
Tennessee announced that voters in the City of Portland approved increasing the local sales tax rate in the portion of the city located in Sumner County to 2.75%, effective August 1, 2026. The new rat...
TX - May 2026 certification of the average closing price of gas and oil released
The Texas Comptroller of Public Accounts has determined the average taxable price of crude oil for the reporting period May 2026 is $49.94 per barrel for the three-month period beginning on February 1...
The Texas Comptroller of Public Accounts has determined the average taxable price of crude oil for the reporting period May 2026 is $49.94 per barrel for the three-month period beginning on February 1...
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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