Tax Figures
Tax Year 2026 Key Numbers: the Figures Preparers Reach for Daily
Standard deduction, brackets, 401(k) and IRA limits, Saver's Credit tiers, HSA caps, gift and estate exclusions for tax year 2026 — from the primary IRS documents.
Practical, source-cited guidance on U.S. federal tax topics — written for tax preparers, CPAs, Enrolled Agents, and the taxpayers they serve.
Tax Figures
Standard deduction, brackets, 401(k) and IRA limits, Saver's Credit tiers, HSA caps, gift and estate exclusions for tax year 2026 — from the primary IRS documents.
Deductions
The IRS raised the business mileage rate to 76 cents per mile on July 1, 2026. What changed, which rate applies to which miles, and how to document the deduction.
Tax Law Changes
The One Big Beautiful Bill Act created four temporary deductions for 2025–2028. Who qualifies, the dollar caps and income phase-outs, and the AGI trap to know.
Small Business
Wages paid to your child can be FICA-exempt under 18 and FUTA-exempt under 21 — with the right business structure. The rules, the LLC trap, and how to do it cleanly.
IRS Notices
A CP2000 proposes changes because third-party income reports don't match your return. It's not a bill and not an audit. How to read it, respond, and when to push back.