Treasury and the IRS announced a new way to fix certain IRA mistakes on October 22, 2026. The program, called the IRA Compliance Resolution System, is set out in Revenue Procedure 2026-33, and it does not take requests until May 1, 2027. The system gives custodians and owners a formal way to ask the IRS…

Federal retirees in the Federal Employees Retirement System will see a 2.6 percent cost-of-living adjustment on their annuities in January 2027, a full point below the 3.6 percent going to retirees in the older Civil Service Retirement System. Many FERS retirees younger than 62 get no adjustment at all. The Congressional Research Service says “beginning…

Treasury says TrumpIRA.gov, a federal website listing IRAs that accept the new Saver’s Match, will officially launch on January 1, 2027. The Internal Revenue Service announced the date in an August 7, 2026 release, IR-2026-89, which began putting Executive Order 14403 into effect. Until then, no official list of qualifying IRA providers exists, so a…

Indiana will close its Retirement Medical Benefits Account plan for state employees on Dec. 31, 2026, and most workers already on the payroll have to decide what happens to their balance. The Indiana Public Retirement System, which runs the plan, says in its 2026 legislative update that fall open enrollment offers two options. The change…

A worker with a 401(k) or similar plan can take money out this year to pay for long-term care insurance and skip the 10 percent additional tax that normally hits early withdrawals, as long as the plan allows it. IRS Notice 2026-33 sets the 2026 dollar limit at $2,600. The rule comes from section 334…

A parent or guardian claims a child’s Trump Account in the Trump Accounts app, a mobile application the U.S. Department of the Treasury released on May 28, 2026. Treasury has already opened accounts automatically for most eligible children, so the step left to families is a claim: verifying who they are, answering a few questions…

A Trump Account is built to be easy to fill and hard to drain. Treasury and the IRS have set an annual ceiling on what goes in, and a locked stretch that keeps the balance untouched through the childhood years. The temporary regulations that spell out both rules took effect on September 30, 2026, a…

A child’s Trump Account can grow for years before any of it becomes accessible, because Treasury and IRS guidance issued Dec. 2, 2025 states that money generally cannot be withdrawn before January 1 of the calendar year in which the child turns 18. The rule applies no matter how the account was funded, whether through…

The IRS has scheduled a public hearing for Oct. 15, 2026, to take comment on a proposed rule that would let employers put money directly into an employee’s child’s Trump Account, tax-free, up to $2,500 a year. The hearing follows a written-comment period that closed Sept. 25, and it addresses the employer-funded side of a…

Putting more into an individual retirement account than the 2025 limit allowed does not by itself create a tax bill, as long as the excess amount comes back out by the extended filing deadline. For savers who filed for more time on their 2025 return, that deadline is October 15. Missing it turns a simple…