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IRS Announces New Per Diem Rates For Business Travel
The IRS has released new per diem rates for business travel, including updated high-low rates of $329 and $230, effective October 1, 2026.
Tax News & Analysis
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IRS Finalizes Rules For The New Car Loan Interest Deduction
The IRS has finalized rules for a new deduction that lets some taxpayers write off interest they pay on new car loans. The deduction, created by the One Big Beautiful Bill Act (OBBBA), applies to qualified passenger vehicle loan interest for tax years 2025 through 2028. The maximum deduction is $10,000 per return (not per…
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Draft 2026 Form 1040 Adds New Citizenship And Work Authorization Question
Draft Form 1040 for 2026 adds a new citizenship and work-authorization question, plus Schedule 3-A changes affecting certain refundable credits.
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IRS Is Ending The Taxpayer Advocacy Panel. Here’s What We Know.
The IRS is ending the Taxpayer Advocacy Panel in its current form and replacing it with a new approach to gathering taxpayer feedback.
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A Bipartisan Bill Would Expand Taxpayer Rights And Change How The IRS Works
A bipartisan Senate bill would change IRS service, taxpayer rights, refunds, paid tax preparer rules, and access to the Tax Court. Here’s what you need to know.
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What is Domicile? Taxes From A to Z®
Learn what domicile means for tax purposes, how it differs from residence, and why your permanent legal home can affect state income and estate taxes.
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IRS Extends Drought Tax Relief for Farmers and Ranchers
The IRS is extending tax relief for farmers and ranchers who sold livestock because of drought, giving them more time to replace animals and defer gains.
