IRS Is Looking For Tax Volunteers. Here’s Why I Flew 4,300 Miles To Be One.
The IRS is seeking VITA volunteers for the upcoming filing season. Here’s what I learned while preparing tax returns for free in rural Alaska.
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IRS Mileage Rates Changed Midyear: What To Know Before Year-End
The IRS changed its standard mileage rates in July 2026. Here’s what to know about business, medical, charitable, and moving mileage before year-end.
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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.
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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 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.
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Corporate | Individual | IRS News | Refund
IRS Keeps Interest Rates Unchanged for the Rest of 2026
The IRS announced that interest rates will remain the same for the calendar quarter beginning October 1, 2026. Interest Rates For individuals, the rate for overpayments (money the IRS owes you) and underpayments (money you owe the IRS) will be 7% per year. Here’s what the numbers look like: 7% for overpayments, 6% for corporations…
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IRS Releases ETAAC Recommendations to Congress
The IRS Electronic Tax Administration Advisory Committee (ETAAC) has released its 2024 annual report with a total of 12 recommendations – three to Congress and nine to the IRS. The recommendations to Congress included a request for authority for IRS to regulate non-credentialed tax return preparers, support for effective tax administration through consistent, reliable funding of the…
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Tax Season Opens on January 23—And Taxpayers Have More Time to File
The 2023 tax season will open on Monday, January 23, 2023. What does opening the season mean? It means that the IRS will officially begin accepting paper and electronic tax returns that day. Every year, taxpayers have questions about early filing. Many software companies and tax professionals will accept tax returns before opening day. That…
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IRS Offers California Storm Victims Extra Time to File
California storm victims qualify for IRS tax relief, including extended deadlines for filing returns and making tax payments. Here’s who qualifies and what’s postponed.
