Category: Rule Changes
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Tennessee voters decide November 3 whether to ban a statewide property tax
Tennessee voters will be asked on Tuesday, November 3, to write a ban on a statewide property tax into the state constitution. The measure appears on ballots as Amendment 2, and a yes vote would stop the General Assembly from ever creating such a tax. Tennessee does not levy a state property tax today, so…
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Older and disabled Oregon homeowners with household income up to $70,000 can still file by December 1 to defer property taxes, with a late fee of up to $180
Oregon’s property tax deferral program for senior and disabled homeowners is still taking applications, but only late ones. The Oregon Department of Revenue says late applications for 2026 may be filed with the county from April 16 through December 1, along with a late fee. The program lets a qualifying homeowner borrow from the state…
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Voters in seven states decide 12 property tax measures November 3
Property tax is on the ballot in seven states on Tuesday, November 3, and homeowners in Florida, Georgia, Louisiana, North Carolina, Oklahoma, Tennessee and Wyoming will see 12 statewide measures between them. Some would cap how fast a home’s assessed value can climb. Others would widen exemptions or ban a tax outright, and several would…
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The IRS will not require excise tax reporting or assert penalties on taxable dyed diesel use from October 1 through December 31
The Internal Revenue Service has told fuel users they do not have to file or keep records for one excise tax on taxable dyed diesel use this fall. In release IR-2026-125, dated October 21, the IRS said it will not assert civil penalties or additions to tax for those reporting and recordkeeping failures. The relief…
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The IRS lets retirees who turn 73 in 2026 wait until April 1, 2027 for their first required withdrawal, but then two are due in one year
Retirees who turn 73 in 2026 get a choice that comes with a catch. The IRS lets them wait until April 1, 2027 to take their first required withdrawal from a traditional retirement account. Waiting means two withdrawals land in the same calendar year, the first by April 1 and the second by December 31,…
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Farmland owners who sell to an active farmer could pay the tax in yearly installments under proposed IRS rules for Trump’s 2025 law, with comments due November 30
Farmers and landowners who sell farmland to someone who actually farms it could be allowed to pay the tax on the gain over four years instead of in one bill. Treasury and the IRS put the proposed rules out on September 28, and written comments must be received by November 30, 2026. The installment option…
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The IRS charges a 25% excise tax on a 2026 required minimum distribution that retirees 73 and older have not taken by December 31, unless it is their first
Retirees who are 73 or older and have not yet pulled their 2026 required minimum distribution have until December 31 to do it. The IRS says the amount not withdrawn may be subject to an excise tax of 25%. With the calendar at October 22, that leaves 70 days. A required minimum distribution, or RMD,…
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Knox County, Nebraska storm victims get until January 7 to file
The Internal Revenue Service has postponed a long list of tax filing and payment deadlines to January 7, 2027, for people and businesses in Knox County, Nebraska. The relief follows a severe storm that began on September 9, 2026, and the state’s disaster declaration. The IRS announced it on October 14 as notice NE-2026-08. Knox…
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The IRS wipes a late-filing penalty of any size for filers with three clean years, or twelve straight clean quarters for quarterly filers
The IRS is now erasing failure-to-file, failure-to-pay and failure-to-deposit penalties of any size for taxpayers with a clean three-year record, or 12 consecutive clean quarters for those who file quarterly. The agency announced the Automatic Exemption from Penalty in news release IR-2026-83 on July 8, 2026, and says eligible taxpayers do not have to ask…
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Trump signed the Clergy Act, letting ministers who opted out of Social Security apply to the IRS to come back in for tax years beginning after 2028
President Donald Trump signed H.R. 227, known as the Clergy Act, on Tuesday, October 20, 2026. The law gives ministers who once opted out of Social Security a way to apply to the Internal Revenue Service to come back in, with the change starting in a tax year that begins after 2028. It is a…