Internal Revenue Service Press Releases - EIN Presswire - Press Release Distribution Service

Published on January 29, 2026 - 02:21 GMT

National Taxpayer Advocate delivers Annual Report to Congress; finds taxpayer service was strong in 2025 but foresees challenges ...

IR-2026-15, Jan. 28, 2026 WASHINGTON — National Taxpayer Advocate Erin M. Collins today released her 2025 Annual Report to Congress, finding that taxpayers generally fared well in their dealings with the IRS in 2025 and that most taxpayers are likely to …

Distribution channels: Business & Economy

Published on January 29, 2026 - 02:21 GMT

Use online tools when claiming One, Big, Beautiful Bill tax advantages for families and education

IR-2026-16, Jan. 28, 2026 WASHINGTON — The Internal Revenue Service encourages taxpayers to use online tools and take a few simple steps to prepare for claiming new and expanded tax benefits under the One, Big, Beautiful Bill. Families planning to claim …

Distribution channels: Business & Economy

Published on January 28, 2026 - 02:26 GMT

IRS issues frequently asked questions about Executive Order 14247: Modernizing Payments To and From America’s Bank Account

IR-2026-13, Jan. 27, 2026 WASHINGTON — The Internal Revenue Service today issued frequently asked questions in Fact Sheet 2026-02 PDF to help taxpayers, businesses, and other stakeholders understand the changes under Executive Order 14247: Modernizing …

Distribution channels: Business & Economy

Published on January 27, 2026 - 01:11 GMT

IRS opens 2026 filing season

IR-2026-12, Jan. 26, 2026 WASHINGTON — The Internal Revenue Service today opened the 2026 tax filing season and began accepting and processing federal individual income tax returns for tax year 2025. The IRS expects about 164 million individual tax returns …

Distribution channels: Business & Economy

Published on January 24, 2026 - 00:06 GMT

IRS joins national partners to launch EITC Awareness Day

IR-2026-11, Jan. 23, 2026 WASHINGTON — The Internal Revenue Service and partners nationwide today launched the annual Earned Income Tax Credit Awareness Day outreach campaign to help millions of eligible low-to- moderate-income, working Americans claim …

Distribution channels: Business & Economy

Published on January 24, 2026 - 00:06 GMT

Treasury, IRS issue FAQs to address the new deduction for qualified overtime compensation under the One, Big, Beautiful Bill

IR-2026-10, Jan. 23, 2026 WASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued frequently asked questions in Fact Sheet 2026-01 related to the new deduction for qualified overtime compensation under the One, Big, …

Distribution channels: Business & Economy

Published on January 16, 2026 - 23:54 GMT

Treasury, IRS: Supplemental basic allowance for housing payments to members of the military are not taxable

IR-2026-09, Jan. 16, 2026 WASHINGTON — The Department of the Treasury and the Internal Revenue Service today confirmed that supplemental basic allowance for housing payments made to members of the uniformed services in December 2025 are not to be included …

Distribution channels: Business & Economy

Published on January 16, 2026 - 02:52 GMT

Treasury, IRS provide new safe harbor explanations for retirement plan administrators

IR-2026-08, Jan 15, 2026 WASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued guidance for certain retirement plan administrators, updating safe harbor explanations to reflect tax law changes made after Aug. 6, 2020. …

Distribution channels: Business & Economy

Published on January 15, 2026 - 06:29 GMT

Treasury, IRS issue guidance on the additional first year depreciation deduction amended as part of the One, Big, Beautiful Bill

Treasury, IRS issue guidance on the additional first year depreciation deduction amended as part of the One, Big, Beautiful Bill IR-2026-06, Jan. 14, 2026 WASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued Notice 2026 …

Distribution channels: Business & Economy

Published on January 15, 2026 - 06:29 GMT

IRS Advisory Council issues Annual Report

IR-2026-07, Jan. 14, 2026 WASHINGTON — The Internal Revenue Service Advisory Council today issued its annual public report, offering recommendations to the IRS on a range of new and continuing issues in tax administration. The report includes …

Distribution channels: Business & Economy

Published on January 13, 2026 - 07:54 GMT

Use IRS Free File to conveniently file your return at no cost

Use IRS Free File to conveniently file your return at no cost IR-2026-05, Jan. 9, 2026 WASHINGTON — IRS Free File will begin accepting individual tax returns today, giving eligible taxpayers an early opportunity to prepare and file their federal income tax …

Distribution channels: Business & Economy

Published on January 10, 2026 - 00:19 GMT

IRS.gov resources can help answer questions about the One, Big, Beautiful Bill

IR-2026-04, Jan. 9, 2026 WASHINGTON — Taxpayers may be able to take advantage of new deductions that could reduce taxable income and increase refunds due to the One, Big, Beautiful Bill, passed by Congress in July 2025. Provisions from the new law can have …

Distribution channels: Business & Economy

Published on January 9, 2026 - 01:41 GMT

IRS announces first day of 2026 filing season; online tools and resources help with tax filing

IR-2026-02, Jan. 8, 2026 WASHINGTON — The Internal Revenue Service announced Monday, January 26, 2026, as the opening of the nation’s 2026 filing season. This year, several new tax law provisions of the One, Big, Beautiful Bill become effective, which …

Distribution channels: Business & Economy

Published on January 9, 2026 - 01:41 GMT

Treasury, IRS issue proposed regulations reflecting changes from the One, Big, Beautiful Bill to the threshold for backup ...

IR-2026-03, Jan. 08, 2026 WASHINGTON – The Department of the Treasury and the Internal Revenue Service today issued proposed regulations that would revise the threshold for when certain third-party settlement organizations are required to perform backup …

Distribution channels: Business & Economy

Published on January 7, 2026 - 01:28 GMT

Prepare to file in 2026: Get Ready for tax season with key updates, essential tips

Prepare to file in 2026: Get Ready for tax season with key updates, essential tips IR-2026-01, Jan. 6, 2026 WASHINGTON — With the 2026 filing season quickly approaching, the Internal Revenue Service is urging taxpayers to take a few simple steps now to …

Distribution channels: Business & Economy

Published on January 1, 2026 - 00:50 GMT

Treasury, IRS provide guidance on the new deduction for car loan interest under the One, Big, Beautiful Bill

IR-2025-129, Dec. 31, 2025 WASHINGTON — The Department of the Treasury and the Internal Revenue Service today provided guidance on the “No Tax on Car Loan Interest” provision enacted under the One, Big, Beautiful Bill. The proposed regulations issued today …

Distribution channels: Business & Economy

Published on December 30, 2025 - 04:06 GMT

IRS sets 2026 business standard mileage rate at 72.5 cents per mile, up 2.5 cents

IR-2025-128, Dec. 29, 2025 WASHINGTON — The Internal Revenue Service today announced that the optional standard mileage rate for business use of automobiles will increase by 2.5 cents in 2026, while the mileage rate for vehicles used for medical purposes …

Distribution channels: Business & Economy

Published on December 23, 2025 - 20:34 GMT

IRS updates frequently asked questions on changes to the Limitation on the Deduction for Business Interest Expense

IR-2025-126, Dec. 23, 2025 WASHINGTON — The Internal Revenue Service today updated frequently asked questions in Fact Sheet 2025-09 PDF regarding changes to the limitation on the deduction for business interest expense (Section 163(j)) under the One, Big, …

Distribution channels: Business & Economy

Published on December 23, 2025 - 20:34 GMT

IRS updates frequently asked questions on the Premium Tax Credit

IR-2025-127, Dec. 23, 2025 WASHINGTON – The Internal Revenue Service today updated frequently asked questions in Fact Sheet 2025-10 PDF related to changes to the Premium Tax Credit made under the One Big, Beautiful Bill and to related provisions that no …

Distribution channels: Business & Economy

Published on December 23, 2025 - 06:39 GMT

Treasury, IRS announce forthcoming guidance on a new method for recovering federal excise tax paid on dyed fuel established under ...

Announcement 2026-01 PDF provides general information to interested taxpayers and potential claimants on claiming a payment under a new OBBB provision related to dyed fuel. The new law allows a taxpayer to recover federal excise taxes paid on clear diesel …

Distribution channels: Business & Economy