January 28, 2026
The National Taxpayer Advocate's annual report to Congress says a 27% smaller IRS, paired with dozens of new retroactive tax rules, will make 2026 harder for any filer who runs into a problem.
Los Angeles' Measure ULA has collected more than $1 billion for affordable housing since 2023, and the City Council just declined to fast-track exemptions sought by developers and homeowners.
DAFgiving360 donors alone granted $9.9 billion to charity in 2025, up 28%, as wealthy households front-loaded appreciated-stock gifts ahead of OBBBA's new floor and cap on charitable deductions.
A PGIM and SHOOK Research survey of 236 highly ranked advisors finds direct indexing and alternatives moving from niche to core in $5 million-plus portfolios, with taxes driving the shift.
Treasury's answers make clear that salaried exempt professionals get nothing and that only the half in time-and-a-half counts, though some affluent households may still claim it through a spouse or relative.
A Fifth Circuit ruling says state-law limited partners can skip self-employment tax on their share of the business even if they help run it, reversing an IRS test used in Texas, Louisiana and Mississippi.
At the 60th Heckerling Institute, a leading panel warned that OBBBA's 2/37 itemized deduction haircut may reach trust distributions, as planning shifts from estate tax toward income tax.
The 2025 tax law cut individual taxes by about $129 billion, but paycheck withholding was never updated, so much of that cut, including the $40,000 SALT cap, arrives as a refund this spring.
The model 402(f) explanations plans give departing employees now cover new penalty exceptions, a $7,000 cashout limit, RMD ages 73 and 75, and the end of RMDs for plan Roth accounts.
The interim guidance explains when property counts as acquired, how the 40% election works and what taxpayers may rely on, a roadmap for real estate owners weighing cost-segregation studies.
About 164 million individual returns are expected by the April 15 deadline, the first to reflect the $40,000 SALT cap and a new schedule for deductions on tips, overtime, car loan interest and seniors.
A January 7 announcement sent single-family rental stocks down about 10% intraday; the follow-up executive order limits federal support for big buyers but leaves the key definitions to Treasury.
With a listing possibly landing by March 2026, Discord employees holding RSUs and options face withholding, AMT and lockup decisions that are easier to manage before shares start trading.