2026 Inflation Adjustments for Health Savings Accounts Released (Rev. Proc. 2025-19)
The IRS has released the 2026 inflation-adjusted amounts for health savings accounts under Code Sec. 223. For calendar year 2026, the annual limitation on deductions under Code Sec. 223(b)(2) for a... |
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IRS Reminds Taxpayers and Small Businesses to Stay Vigilant Against Scams Year-Round (IR-2025-57)
The IRS has marked National Small Business Week by reminding taxpayers and businesses to remain alert to scams that continue long after the April 15 tax deadline. Through its annual Dirty Dozen li... |
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Marginal Production Percentage Depletion Rates Announced (Notice 2025-20)
The IRS has announced the applicable percentage under Code Sec. 613A to be used in determining percentage depletion for marginal properties for the 2025 calendar year. Code Sec. 613A(c)(6)(C) defi... |
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Earned Income Tax Credit Marks 50th Year Aiding Working Families (IR-2025-38)
The IRS acknowledged the 50th anniversary of the Earned Income Tax Credit (EITC), which has helped lift millions of working families out of poverty since its inception. Signed into law by President ... |
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Applicable Terminal Charge and SIFL Rates for Determining Value of Noncommercial Flights on Employer-Provided Aircraft Issued (Rev. Rul. 2025-09)
The IRS has released the applicable terminal charge and the Standard Industry Fare Level (SIFL) mileage rate for determining the value of noncommercial flights on employer-provided aircraft in effect ... |
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IRS Urges Taxpayers To Review Withholding Early To Avoid Surprises Next Filing Season (IR-2025-52)
The IRS is encouraging individuals to review their tax withholding now to avoid unexpected bills or large refunds when filing their 2025 returns next year. Because income tax operates on a pay-as-you-... |
|
IRS Whistleblower Office Unveils First Multi-Year Operating Plan To Strengthen Program Oversight (IR 2025-40)
The IRS has reminded individual taxpayers that they do not need to wait until April 15 to file their 2024 tax returns. Those who owe but cannot pay in full should still file by the deadline to avoid t... |
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IA - Proper avenue for disabled veteran tax credit complaint discussed
The Iowa Department of Revenue (DOR) refused to issue a declaratory order because the questions presented by the petition would more properly be resolved by another body with jurisdiction over the mat... |
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MN - Agricultural asset owners credit provisions amended
For purposes of the income tax credit allowed to agricultural asset owners who sell or rent their assets to beginning farmers in Minnesota, the higher credit percentage for sales to emerging farmers w... |
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NE - Documentary stamp tax rate increased
Nebraska has authorized an increase in the documentary stamp tax rate to $2.32 per $1,000 value or fraction thereof. L.B. 78, Laws 2025, effective three months after adjournment of the 2025 legislati... |
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SD - Guidance on the taxation of universities updated
In South Dakota, sales of tangible personal property and services by public and private non-profit universities may be exempt from sales and use tax when certain criteria are met. Guidance on the taxa... |
|
2026 Inflation Adjustments for Health Savings Accounts Released (Rev. Proc. 2025-19)
The IRS has released the 2026 inflation-adjusted amounts for health savings accounts under Code Sec. 223. For calendar year 2026, the annual limitation on deductions under Code Sec. 223(b)(2) for a... |
|
IRS Reminds Taxpayers and Small Businesses to Stay Vigilant Against Scams Year-Round (IR-2025-57)
The IRS has marked National Small Business Week by reminding taxpayers and businesses to remain alert to scams that continue long after the April 15 tax deadline. Through its annual Dirty Dozen li... |
|
Marginal Production Percentage Depletion Rates Announced (Notice 2025-20)
The IRS has announced the applicable percentage under Code Sec. 613A to be used in determining percentage depletion for marginal properties for the 2025 calendar year. Code Sec. 613A(c)(6)(C) defi... |
|
Earned Income Tax Credit Marks 50th Year Aiding Working Families (IR-2025-38)
The IRS acknowledged the 50th anniversary of the Earned Income Tax Credit (EITC), which has helped lift millions of working families out of poverty since its inception. Signed into law by President ... |
|
Applicable Terminal Charge and SIFL Rates for Determining Value of Noncommercial Flights on Employer-Provided Aircraft Issued (Rev. Rul. 2025-09)
The IRS has released the applicable terminal charge and the Standard Industry Fare Level (SIFL) mileage rate for determining the value of noncommercial flights on employer-provided aircraft in effect ... |
|
IRS Urges Taxpayers To Review Withholding Early To Avoid Surprises Next Filing Season (IR-2025-52)
The IRS is encouraging individuals to review their tax withholding now to avoid unexpected bills or large refunds when filing their 2025 returns next year. Because income tax operates on a pay-as-you-... |
|
IRS Whistleblower Office Unveils First Multi-Year Operating Plan To Strengthen Program Oversight (IR 2025-40)
The IRS has reminded individual taxpayers that they do not need to wait until April 15 to file their 2024 tax returns. Those who owe but cannot pay in full should still file by the deadline to avoid t... |
|
IA - Proper avenue for disabled veteran tax credit complaint discussed
The Iowa Department of Revenue (DOR) refused to issue a declaratory order because the questions presented by the petition would more properly be resolved by another body with jurisdiction over the mat... |
|
MN - Agricultural asset owners credit provisions amended
For purposes of the income tax credit allowed to agricultural asset owners who sell or rent their assets to beginning farmers in Minnesota, the higher credit percentage for sales to emerging farmers w... |
|
NE - Documentary stamp tax rate increased
Nebraska has authorized an increase in the documentary stamp tax rate to $2.32 per $1,000 value or fraction thereof. L.B. 78, Laws 2025, effective three months after adjournment of the 2025 legislati... |
|
SD - Guidance on the taxation of universities updated
In South Dakota, sales of tangible personal property and services by public and private non-profit universities may be exempt from sales and use tax when certain criteria are met. Guidance on the taxa... |
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