Newsroom

U.S. tax & accounting news.

IRS announcements, tax-law changes, deadlines and profession updates — reported for American taxpayers and firms.

State Taxes2026 Tax ChangesPayroll & Withholding

2026 State Income Tax Cuts: Which States Lowered Rates

Several states enacted state income tax rate cuts or phased-in eliminations effective mid-2026, changing withholding and take-home pay for millions of workers. Here's a state-by-state breakdown and what it means for filers and payroll.

Aug 25, 2026 7 minRead

Small Business LoansPayroll Tax

Fed Rate Decisions Squeeze Small Business Loans, Payroll Costs

Persistently high Federal Reserve rates are driving up borrowing costs on small business loans and straining payroll tax compliance budgets, just as the IRS raises interest on installment payment plans.

Aug 25, 2026 6 min

AICPAIRS

AICPA Pushes IRS for Simplified E-Filing Amid Staffing Cuts

The AICPA is lobbying the IRS to streamline e-filing requirements after budget-driven staffing reductions left practitioner support lines overwhelmed, warning of filing delays and compliance risks for firms and taxpayers.

Aug 25, 2026 4 min

InflationTax Planning

Inflation Rate Cools Further, Trimming 2027 Tax Bracket Gains

August's CPI report confirms the inflation rate is easing further, and economists say that trend will translate into smaller-than-expected inflation-adjusted tax bracket and deduction increases for 2027.

Aug 25, 2026 5 min

IRS RefundsFiling Season

Average IRS Refund Amount for 2026 Filing Season Revealed

The IRS has released final 2026 filing season statistics, showing how the average refund compares to last year after the extended deadline wrapped up.

Aug 12, 2026 6 min

IRS DeadlinesTax Extensions

Oct. 15 Tax Extension Deadline: Penalties Late Filers Face

The IRS is reminding taxpayers who requested more time that the tax extension deadline falls on Oct. 15 — and penalties can add up fast for those who miss it.

Aug 7, 2026 6 min

Tax LawIRS Guidance

No Tax on Tips Deduction: IRS Rules Workers Must Know for 2026

The IRS has issued new guidance clarifying which occupations, wages, and reporting rules apply to the no tax on tips deduction created by the 2025 tax law—here's what tipped workers need to know before filing.

Aug 7, 2026 5 min

IRSDirect File

IRS Direct File Expansion for 2027 Season Sparks Industry Fight

The IRS has named the states joining its free Direct File program for the 2027 filing season, reigniting a fierce debate between taxpayer advocates and commercial tax-prep companies.

Aug 7, 2026 6 min

IRSTax Refunds

IRS Refund 2026: Why Payments Are Stalled and How to Check

Millions of taxpayers are seeing their IRS refund held up in 2026 due to identity-verification flags and processing backlogs—here's why it's happening and how to check your status.

Aug 7, 2026 5 min

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