The Internal Revenue Service opened National Preparedness Month with a specific instruction for taxpayers: photograph and video what a household owns before a wildfire, flood, or hurricane takes it. In a September 3 announcement, the agency said that recovering after a disaster, filing an insurance claim, and claiming a tax benefit for lost property all…

The Treasury Department and the Internal Revenue Service have proposed a new regulation that would limit who can receive the refunded portion of four federal tax credits, applying a citizenship and immigration status test that has not been enforced this way before. The rule targets the cash-back piece of the Adoption Tax Credit, the Child…

A new federal tax break lets some car buyers deduct the interest on an auto loan, but the deduction was never designed to reach every household that finances a vehicle. Once a filer’s income clears a specific line, the break starts shrinking, and the IRS has not spelled out publicly exactly how far the reduction…

Starting in 2027, the federal government will match half of what many low- and moderate-income workers put into a retirement account, but the match disappears entirely above a specific income line. That line isn’t one number for everyone. It shifts by filing status, and the IRS’s own income table shows married couples, heads of household…

A tax credit that has quietly encouraged employers to offer paid family and medical leave for the past several years just became permanent, and its reach just got noticeably wider. The Treasury Department and the IRS issued Notice 2026-28 on August 5, spelling out how the employer credit for paid family and medical leave now…

Anyone still logging business miles for the second half of 2026 at 72.5 cents apiece is leaving real money on the table. The IRS raised its standard mileage rate for business driving to 76 cents a mile for trips taken from July 1 through December 31, a jump of 3.5 cents from the rate that…

A worker who put in overtime hours in 2026 and finds nothing listed in box 12 of their W-2 under code TT is not looking at a paperwork oversight the IRS will quietly fix later. Updated guidance the agency issued in August closes out a one-year grace period that let some 2025 filers claim the…

Working families with children stand to gain thousands of dollars from a single line buried inside a routine IRS inflation announcement, and most of them will not see it mentioned anywhere until they sit down to file. For tax year 2026, the maximum Earned Income Tax Credit for a family with three or more qualifying…

Treasury and the IRS have proposed a new rule that would change who can collect the extra, refunded portion of four popular tax credits. The proposal targets people living in the country illegally, but the mechanics of how it would work, and what it would leave untouched, matter for millions of mixed-status and immigrant households…

The Treasury Department and the IRS confirmed this month that a new federal program, the Saver’s Match, will begin adding federal money to the retirement accounts of low- and moderate-income workers — but not until contributions made in 2027, and not paid out until 2028. The match replaces a decades-old tax credit that worked very…