On January 23, 2026, the Internal Revenue Service (IRS) released Fact Sheet 2026-01 to help individuals claim overtime deductions under the One Big Beautiful Bill Act (OBBBA). In the fact sheet, the IRS confirmed that for
On November 5, 2025, the U.S. Department of Treasury and Internal Revenue Service issued Notice 2025-62, which relieves employers from penalties relating to certain reporting requirements under the One Big Beautiful Bill Act
On January 9, 2026, the IRS published the final version of the 2026 Form W2. Please refer to the article "IRS Releases Final 2026 Form W-2." for more information. Update October 16, 2025: On October 14, 2025, the IRS
On August 7, 2025, the Internal Revenue Service (IRS) announced that for the 2025 taxable year, there will not be any changes to the Form W-2, existing Forms 1099, Form 941, and a few other payroll forms with the passage of
The Internal Revenue Service (IRS) recently announced the 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business reasons, as well as for charitable, medical, or