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The IRS’s proposed Trump Account regulations outline how employers may make up to $2,500 of qualifying contributions in 2026 and 2027, while adding plan, payroll, reporting, and nondiscrimination requirements.
A Sept. 17 report highlighted how Realty Income’s monthly REIT dividend can be shielded from federal tax inside a qualified Roth IRA, while the same payments in a taxable account are generally taxed at ordinary income rates.
A new IRS automatic penalty-relief program covers some filing and payment penalties, but it does not extend to key international information returns, leaving potentially steep exposure for cross-border filers.
A September 17 ruling said Ukraine’s tax authority cannot begin a documentary unscheduled desk audit before properly serving the taxpayer with the audit order and notice.
A new argument against wealth taxes focuses less on rates and revenue than on what enforcement would require: deeper IRS access to household balance sheets, asset valuations, and disputes over private holdings.
A House committee voted 38-5 to undo the 90% cap on gambling loss deductions and restore a 100% deduction retroactive to Jan. 1, 2026, a move that could reverse taxable “phantom” income for some players.
Treasury and the IRS have proposed rules saying private schools and universities that engage in racial discrimination would not qualify for federal tax-exempt status, though the proposal is not yet final.
The higher SALT deduction cap opens a larger federal write-off for some homeowners in high-tax areas, but a phase-down above $500,000 of MAGI and regional gaps sharply limit who benefits.
A new policy paper argues Congress still has not resolved when staking and mining rewards should be taxed, leaving taxpayers to rely on IRS guidance as court disputes continue.
The House Ways and Means Committee approved legislation that would repeal the new 90% cap on gambling loss deductions, but the change still needs House, Senate and presidential approval before 2027.
A SECURE 2.0 rule now requires many workers age 50 and older with prior-year wages above $150,000 to put 401(k) catch-up contributions into a Roth account, ending the upfront federal tax break on that slice.
The IRS said some SECURE and SECURE 2.0 retirement plan amendments may be due after Dec. 31, 2026, depending on when the agency places a provision on its Required Amendments List.