March 31, 2026
The IRS says a quarter of enrollees qualify for the $1,000 federal seed deposit, giving affluent families a new window to layer Trump Accounts with 529 plans and gifting strategies.
Republicans are debating a follow-up to last year's tax overhaul, with defense and border funding competing against Ways and Means for a seat in any new package.
A new Labor Department rule would shield plan sponsors who evaluate private equity, real estate and digital assets under a defined process, opening the door to more alternatives in workplace retirement plans.
The House committee unanimously approved bills extending casualty-loss deductions through 2027, upgrading IRS service, and raising the stakes for whistleblower awards.
The nation's largest donor-advised fund sponsor reports grants up 23% and crypto gifts down sharply, as affluent donors increasingly use DAFs to convert appreciated assets into charitable deductions.
Invest in MI Kids suspended its petition drive for a 5% income-tax surtax above $500,000, but the group says it plans to try again for 2028, keeping the proposal on affluent Michigan households' radar.
A constitutional amendment would phase out Missouri's income tax using revenue-triggered cuts and a broader sales tax, one year after the state exempted capital gains entirely.
The retooled online calculator now factors in the tips, overtime, senior and car-loan-interest deductions, giving high earners a way to rework their 2026 W-4 before a surprise tax bill or penalty arrives.
A new law would end Washington's status as an income-tax-free state for top earners starting in 2028, layering a 9.9% levy on top of the state's existing capital gains tax.
Senate Democrats say the Vacancies Act clock ran out March 6 with no nominee, leaving the IRS without a Senate-confirmed leader as complex filers wait on guidance and service.
A new proposal would remove the transaction-of-interest reporting regime for related-party partnership basis adjustments and let participants treat it as if it never took effect.
Two sets of proposed IRS regulations explain who can open a child's Trump Account, how parents claim the $1,000 Treasury contribution and what families should know before deposits begin July 4, 2026.
The 2026 Dirty Dozen list flags fabricated undistributed capital gains credits and AI-enhanced impersonation calls, both aimed at taxpayers with investment income.
Brokers' first Forms 1099-DA report only gross proceeds for 2025 sales, leaving investors to prove their own cost basis, while Treasury proposes letting brokers deliver the forms electronically.
Fidelity's year-end account data shows average retirement balances rising by double digits, a milestone that also foreshadows larger required withdrawals — and tax bills — down the road.
Revenue Procedure 2026-15 lifts the luxury-auto depreciation ceilings slightly for 2026, but the bigger number for owners buying a heavy SUV is the separate $32,000 Section 179 limit paired with full bonus depreciation.
The IRS's new Schedule 1-A bundles four temporary deductions into one form, and its line-by-line phaseout math determines whether affluent households get any benefit at all.