Tax Season Is Year-Round

The Treasury and IRS released their 2026 Priority Guidance Plan earlier this month. This annual document typically highlights the tax areas targeted for new regulations and updates.

The article titled IRS Tax Tips: The Top Five Tips for Extension Filing offers zero actual steps, pitfalls, or guidance—only a blank comments section.

The court confirmed the IRS properly denied interest abatement, underscoring that taxpayers can only petition after a 180-day wait if the agency fails...

The IRS's August 2026 FAQ update (FS-2026-13) ties the qualified overtime deduction to employer-reported amounts on Form W-2.

• Starting 2026,...

The IRS provides five free transcript types to summarize your records, distinct from a paid full return copy.

• Tax return transcript shows original...

Lower- and moderate-income workers can combine two underused tools for maximum tax relief.

• Saver’s Credit directly cuts your tax bill by up to...

The IRS now offers automatic penalty relief through its new Automatic Exemption Policy for taxpayers with consistent compliance.

• Qualify by filing...

Tax refunds feel like found money but are simply your own paycheck handed back months later, without interest. This year's larger refunds stemmed from...

Unemployment compensation counts as fully taxable ordinary income, yet states send payments with no automatic withholding unless requested.

• File...

• The CTC is worth up to $2,200 per qualifying child for 2026, with up to $1,700 refundable through the ACTC.
• Both the parent and child must now...

Tipped and overtime workers can subtract up to $25,000 in qualified tips and $12,500 in overtime ($25k joint) from taxable income on the new Schedule...

The 2026 Priority Guidance Plan outlines key administrative changes for the One Big Beautiful Bill Act, showing taxpayers how these shifts will affect implementation.

Most death benefits stay tax-free, but specific scenarios create unexpected IRS bills.

• Installment payouts: Interest earned on the death benefit...

The Saver’s Credit rewards low- and moderate-income taxpayers who contribute to retirement accounts, with special value for younger workers just...

Filing an amended return or refund claim requires strict adherence to IRC §6511 rules.

• Deadlines: Claim within the later of 3 years from filing or...

Proposed rules target employer Trump accounts and dependent care plans with new compliance burdens.

• Employers must maintain separate written...

The IRS step-up in basis rule resets an inherited home's tax cost to its market value at death, permanently erasing prior capital gains under Section...

The OBBBA permanently expands the Paid Family and Medical Leave Tax Credit, offering businesses stronger incentives to provide up to 12 weeks of paid...

The Child Tax Credit can deliver up to $2,200 per eligible child, but families must actively claim it on Form 1040.

• Eligibility rules: Child needs...

Staffing shortages from 2025 cuts created a clear double impact for personal filers.

• Refund delays: Individual paper returns took 30 days versus...