6 stories from the week to February 22, 2026, in the order they matter to someone who pays the top rate.
February 20, 2026
Comment letters filed by February 20 ask Treasury to open Trump Accounts to competing IRA providers, fix a rollover glitch and confirm fees, shaping where a child's account will actually live.
The February 20 guidance defines which manufacturing, agricultural and refining buildings qualify for an immediate write-off, sets tight construction and placed-in-service windows, and flags a 10-year recapture trap.
The February 20 ruling found the emergency-powers law never authorized import tariffs, voiding two rounds of duties and setting off refund claims that Penn Wharton estimates could reach $175 billion.
IRS statistics for the week ending February 13, 2026 show fewer people have filed, but the average refund has climbed to $2,476, the first hard evidence that OBBBA's retroactive tax cuts are reaching bank accounts.
California's combined top marginal rate reaches 14.4% and NYC residents face up to 14.776%, even as Georgia, Indiana, Kentucky and six other states cut income tax rates on January 1.
A bipartisan 38-11 vote sends a bill undoing last year's rate increase toward the House, with the lower rate applying only to deaths on or after July 1, 2026.
General information, not tax, legal or investment advice.