Treasury and the IRS proposed rules defining eligible investments for Trump Accounts: an unleveraged U.S. equity index fund charging no more than 0.1 percent a year.

Anyone who set up an LLC for a rental property, a consulting practice or a side business in the past few years likely encountered a federal filing described as compulsory, backed by penalties, and carrying a hard deadline. A great deal of money was spent on services offering to handle it. That requirement no longer…

For most families, the federal estate tax has always been someone else’s problem, and a change taking effect this year makes that even truer. The amount a person can pass on free of federal estate and gift tax rose to $15 million for 2026, or $30 million for a married couple. Just as important as…

Think of the list your employer hands you at open enrollment. Health plan, dental, vision, the 401(k) match, maybe a dependent care account and a commuter benefit. Treasury and the IRS have put out proposed regulations that would add another optional line to that menu: a contribution of up to $2,500 a year, excluded from…

For years, the way an otherwise punctual taxpayer got out of a late-filing penalty was to write a letter. You called the number on the notice, or you mailed a written statement or a Form 843, and you asked the IRS to look at your record and take the penalty back off. The penalty was…

For anyone whose income arrives without taxes already taken out, the IRS expects to be paid as you go, not just at filing time. That means a quarterly estimated tax payment, and the third-quarter deadline for 2026 lands on September 15. Freelancers, gig drivers, independent contractors, small-business owners, and retirees living on investment or retirement…

When a disaster upends a household, a looming tax deadline is the last thing anyone should have to juggle. The IRS agrees, and for people in the San Carlos Apache Tribe area of Arizona hit by severe storms and flooding, it has pushed a stack of federal filing and payment deadlines out to September 28,…

The idea of returning tariff money to households has produced more than one plan in Congress, and they do not all work the same way. Alongside proposals to mail rebate checks, there is a competing bill that would skip the checks entirely and instead cut your taxes by raising the standard deduction. It is a…

A proposal in the Senate would put tariff money back into household pockets in the form of rebate checks, and for a family of four the headline number is $2,400. It is an appealing idea to a lot of budgets, but it is important to be clear about where it actually stands: this is a…

Michigan families still cleaning up from this spring’s storms just got a little breathing room from the tax collector. The IRS has postponed a batch of federal filing and payment deadlines to November 2, 2026 for individuals and businesses across more than 30 counties. Best of all, the extra time is automatic, so most people…