May 29, 2026 at 12:23 PM PDT
Rev. Proc. 2026-24 lifts health savings account contribution caps by $100 and $250 for 2027 and confirms that small direct primary care fees no longer block eligibility.
Treasury's new app and a matching IRS online election tool let parents activate a child's Trump Account weeks before contributions and the $1,000 federal deposit begin.
Albany's late budget creates a five-year surcharge on luxury New York City second homes, extends a higher corporate tax rate through 2029 and leaves personal income tax rates unchanged.
The 4% surtax on income above $1 million has now overshot its original $2 billion revenue projection for a third straight year, fueling interest from other states in copying the approach.
The IRS says tens of millions of filers claimed the new overtime, senior and car-loan breaks. For households earning well into six figures, the income limits erase most of them, leaving a shorter list.
CNBC reported OpenAI could confidentially file IPO paperwork within days, giving staff and alumni a narrowing window to settle basis records, QSBS eligibility, 83(b) history and residency before shares become tradable.
Partnerships in more than 1,100 disputed conservation easement cases get a time-limited settlement. The penalty doubles after 90 days, and litigated cases have recovered about 6% of claimed deductions.
The AI chipmaker sold 30 million shares ahead of its Nasdaq debut. For employees holding restricted stock units and incentive options, the listing turns paper wealth into taxable income and hard timing choices.