4 stories from the week to May 31, 2026, in the order they matter to someone who pays the top rate.
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.
General information, not tax, legal or investment advice.