Tax

Recent legislation has introduced a new savings vehicle for children known as the Trump Account, leading families to ask how it compares with established tools such as 529 college savings plans and traditional retirement accounts

The Internal Revenue Service Math and Taxpayer Help Act (the IRS Math Act) is now law, fundamentally reforming how the IRS communicates simple tax errors to millions of Americans

The One Big Beautiful Bill Act (OBBBA), enacted in July 2025, fundamentally transforms the Opportunity Zone (OZ) landscape

The IRS officially begins accepting and processing 2025 tax returns on January 26, 2026

For 2026, the IRS has increased the business mileage rate to 72.5 cents per mile, a 2.5-cent jump from 2025

The IRS has officially increased the 401(k) and IRA contribution limits for 2026, providing savers with a larger window for tax-advantaged growth

The One Big Beautiful Bill Act (OBBBA) introduces critical limitations on charitable deductions starting in the 2026 tax year, primarily affecting high-net-worth individuals

The end of the year is a key time to make tax-smart moves

The California Franchise Tax Board (FTB) made significant revisions to the state’s market-based sourcing regulation for the apportionment of sales