Category: Rule Changes
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West Virginia storm victims in two counties now have until February 2027 to file, and some can tap retirement savings penalty-free
When a disaster hits, the last thing a family is thinking about is a tax deadline, and the IRS knows it. For residents and businesses in two West Virginia counties hammered by summer storms, the government has pushed federal filing and payment deadlines all the way into next winter, and it has opened a door…
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A single new form, Schedule 1-A, is where you claim the tips, overtime, car-loan and senior deductions
You may have heard about the new tax breaks for tips, overtime, car-loan interest, and older Americans and wondered where on earth you actually claim them. The answer is a single new form. The IRS created Schedule 1-A to gather all four deductions in one place, and knowing it exists is half the battle for…
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Wildfire victims in three Georgia counties have until August 20 to file federal returns
Residents and businesses in three southeast Georgia counties have less than two weeks left on a federal disaster-tax extension. The relief moves many filing and payment dates to August 20 for people affected by April wildfires and straight-line winds. It does not forgive the tax, and it does not create special retirement-withdrawal relief. Clinch, Echols…
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A new IRS process erases some late penalties automatically after three clean years
For as long as most taxpayers can remember, getting the IRS to forgive a late-filing or late-payment penalty meant asking for it: a phone call, a written statement, or a formal abatement request, followed by waiting to hear back. Starting this summer, for people and businesses with a clean recent record, that entire ritual disappears.…
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63 storm-hit counties now have until November 2, and some victims can tap retirement savings penalty-free
Sixty-three counties across three states are running on a different federal tax calendar than the rest of the country this year. After severe storms, tornadoes, and flooding swept through parts of Michigan, Wisconsin, and Mississippi this spring, the IRS announced on July 13 that a long list of federal filing and payment deadlines in those…
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Timely IRS payment plans can keep tax debt above $66,000 from passport certification
A large federal tax balance does not automatically trigger passport trouble. For 2026, the IRS threshold for seriously delinquent tax debt is more than $66,000, and debt being paid on time through an approved installment agreement is excluded from certification to the State Department. The protection depends on a real approved arrangement that remains current,…
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Money deposited after an IRS bank levy usually escapes the 21-day freeze
An IRS levy arriving at a bank creates a snapshot of the account at a specific date and time. The bank freezes money present when it receives the levy and waits 21 days before sending covered funds to the government, while deposits added afterward are normally outside that levy. The word “normally” matters: a later…
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Federal tax credits for new windows, furnaces and solar panels ended after 2025
A homeowner buying replacement windows, a furnace or rooftop solar in 2026 cannot build the old federal household energy credits into the budget. The IRS now shows the Energy Efficient Home Improvement Credit and Residential Clean Energy Credit ending with property installed through 2025. State incentives, utility rebates and manufacturer discounts may still exist, but…
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Four Louisiana parishes now have until November 2 to file, and storm victims can tap retirement savings penalty-free
IRS relief for Tropical Storm Arthur moves deadlines to November 2, 2026 for Avoyelles, St. Landry, St. Tammany and Terrebonne parishes, and opens a penalty-free disaster distribution.
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The IRS raised the business mileage deduction to 76 cents in the middle of the year
IRS Announcement 2026-11 raised the business standard mileage rate to 76 cents and the medical and moving rate to 23.5 cents for travel on or after July 1, 2026.
