Author: Elizabeth Blessing
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Drought tax relief now reaches 49 states and gives ranchers four years, not two, to replace livestock
Ranchers who sold breeding cows, dairy animals or draft stock because of drought now have four years, not two, to buy replacements before the tax on the gain comes due. The Internal Revenue Service extended that relief to 49 states, the District of Columbia, Puerto Rico and other areas in Notice 2026-54. The change postpones…
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Four new deductions worth up to $25,000 are available on 2025 returns through October 15
Until Thursday, October 15, a 2025 federal return can still carry four deductions that are new for tax year 2025. They cover tips, overtime, interest on a car loan and age 65 and older, and the largest single cap is $25,000. All four reduce taxable income, and all four are claimed on a new form,…
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The IRS has retired IRS2Go for an app that shows a refund, a balance and an identity-theft PIN
On September 25 the IRS announced that a new app, called simply the IRS app, replaces IRS2Go. The app is free on the Apple App Store and Google Play, and its listed services include checking a refund, viewing an available balance and retrieving an Identity Protection PIN. Five more services round out the eight the…
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Fresh vegetables are forecast to cost 5.7 percent more this year
Of the food categories in USDA’s September price outlook, only beef is forecast to climb faster than fresh vegetables. The Economic Research Service predicts the fresh-vegetable index will average 5.7 percent higher in 2026 than in 2025, and it labels that figure a forecast. The year is not over, so the number can still move.…
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The FCC has paused Verizon’s copper landline shutdown in nine states
Verizon cannot count on a quiet exit from copper landlines in Arizona, Delaware, New Jersey, New Mexico, Ohio, Rhode Island, South Carolina, Utah and Virginia. According to the trade publication Inside Towers, the Federal Communications Commission pulled Verizon’s application to retire that legacy service out of the automatic-grant process on September 25, 2026. The FCC…
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Diesel costs $2.63 a gallon more than a year ago, and gasoline is up $1.35
Two subtractions explain the headline. On-highway diesel averaged $6.382 a gallon in the week ending September 28, 2026, against $3.754 a year earlier, a gap of $2.628. Regular gasoline averaged $4.465 against $3.118, a gap of $1.347. Both figures come from the U.S. Energy Information Administration’s weekly survey. The arithmetic, line by line The EIA’s…
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New Fair Market Rents take effect today and reset what every housing voucher pays
HUD’s Fair Market Rents for fiscal year 2027 take effect today, October 1, 2026. The rents are the benchmark behind every Housing Choice Voucher payment standard, so a new set matters to the households holding vouchers, the landlords renting to them and the local housing agencies that sit in between. The notice gives one national…
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NHTSA says its final mileage rollback cuts $1,290 from a new vehicle’s price and raises gasoline use 4.6 percent
The National Highway Traffic Safety Administration has published its final fuel-economy rollback, and the agency’s own estimate has two sides. NHTSA says the rule reduces average up-front vehicle costs by about $1,290, and that it raises national gasoline consumption by 4.6 percent through 2050. The rule takes effect November 30, 2026. A rule with a…
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USDA now forecasts egg prices falling 29.4 percent this year
Eggs cost 23.0 percent less in August 2026 than in August 2025, and that is the number that has actually been measured. The bigger figure in the headline, 29.4 percent, belongs to a different category of claim. USDA’s Economic Research Service now forecasts that egg prices will fall 29.4 percent across calendar 2026, a prediction…
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Senators are pressing HHS to release $4 billion in heating aid by November 1
November 1, 2026 is a date written into a federal funding law, and 29 senators want the Department of Health and Human Services to beat it. The law, as the senators describe it, requires HHS to distribute at least 90 percent of its total Low Income Home Energy Assistance Program allotment by that day. Their…
