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Annual inflation adjustments announced for tax year 2026

The IRS published annual inflation adjustments for more than 60 tax provisions for tax year 2026, in addition to changes to standard income tax deductions for tax year 2025.

Social Security Administration head to also serve in new IRS role

Frank Bisignano, the commissioner of the Social Security Administration, will serve in the newly created role of CEO of the IRS.

Job cuts mean strong 2025 tax season may be hard to repeat, IRS watchdog warns

Critical staff stayed on the job for last year’s tax season, but that won’t be the case in 2026, the Treasury Inspector General for Tax Administration said in a report.

IRS removes associated property rule in final interest capitalization regulations

The final regulations make minor clarifying changes to proposed regulations issued in 2024.

IRS withdraws prop. regs. affecting corporate spinoff transactions

The proposed regulations were withdrawn in response to comments that criticized the proposed guidance, according to the IRS.