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IRS finalizes regulations for Roth catch-up contributions under SECURE 2.0
The final regulations are similar to the proposed regulations issued earlier, with some changes made in response to comments.
IRS releases draft form for tip, overtime, car loan, and senior deductions
Draft Schedule 1-A (Form 1040) consolidates the calculations of the four temporary deductions that are allowed under H.R. 1, P.L. 119-21, known as the One Big Beautiful Bill Act.
IRS warns taxpayers: Social media advice can lead to costly penalties
Misleading posts about credits like the fuel tax credit are landing taxpayers in trouble — with fines up to $5,000 for frivolous returns.
Guidance on research or experimental expenditures under H.R. 1 issued
The revenue procedure advises taxpayers how to make various elections, file amended returns, and change accounting methods as provided under Section 70302 of the new law.
Draft 2026 Form W-2 includes boxes and codes for tips and overtime
The IRS had said previously that it will not release a new form for 2025, even though the temporary H.R. 1 provisions are effective this year, but it will provide transition relief.
Treasury posts preliminary list of jobs eligible for no tax on tips
The list has a variety of occupations that customarily receive tips, including bartenders, dancers, and digital creators.
