Tax Resources

The Social Security Administration (SSA) recently announced that individual taxable earnings of up to $184,500 annually will be subject to Social Security tax in 2026. The updated amount is an increase from $176,100 in 2025. This amount is the wage base limit that applies to earnings subject to the 6.2% OASDI tax (old age, survivors […]

https://www.irs.gov/newsroom/irs-issues-faqs-on-form-1099-k-threshold-under-the-one-big-beautiful-bill-dollar-limit-reverts-to-20000

The U.S. Senate recently passed the Internal Revenue Service Math and Taxpayer Help Act, H.R. 998. Among other changes, the bill requires the IRS to provide taxpayers with specific information on notices related to a math or clerical error. Approved by the House earlier this year, the bill now goes to President Donald Trump for his […]

https://www.irs.gov/newsroom/treasury-irs-provide-transition-relief-for-2025-for-businesses-reporting-car-loan-interest-under-the-one-big-beautiful-bill  

https://www.irs.gov/newsroom/irs-releases-tax-inflation-adjustments-for-tax-year-2026-including-amendments-from-the-one-big-beautiful-bill

In a notice to employees posted on its website, the IRS announced it began an agency-wide furlough on Oct. 8, 2025, and that most of its operations have closed due to the federal government shutdown. The IRS updated its contingency plan on the evening of Oct. 8, sharing that from Oct. 8 through April 30, 2026, 53.6% of the […]

https://www.irs.gov/newsroom/treasury-irs-provide-penalty-relief-for-remittance-transfer-providers-who-fail-to-deposit-excise-tax-under-the-one-big-beautiful-bill

https://www.irs.gov/newsroom/treasury-irs-provide-guidance-for-opportunity-zone-investments-in-rural-areas-under-the-one-big-beautiful-bill

https://www.irs.gov/newsroom/treasury-irs-issue-regulations-to-reduce-the-amount-of-the-user-fee-for-tax-professionals-who-apply-for-or-renew-a-ptin