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2025 Tax Year-in-Review 2025 Year-End Tax Planning One Big Beautiful Bill Act (Signed Into Law July 4, 2025)2019 Year-End Tax Planning

IRS Outlines Key Steps for 2026 Filing Season Readiness
The IRS has issued guidance urging taxpayers to take several important steps in advance of the 2026 federal tax filing season, which opens on January 26. Individuals are encouraged to create or access...

IRS Confirms Supplemental Military Housing Payments Are Not Taxable (IR 2026-09)
The IRS has confirmed that supplemental housing payments issued to members of the uniformed services in December 2025 are not subject to federal income tax. These payments, classified as “qualified ...

IRS Announces New Digital Form 211 for Whistleblower Submissions (IR 2025-123)
The IRS announced that its Whistleblower Office has launched a new digital Form 211 to make reporting tax noncompliance faster and easier. Further, the electronic option allows individuals to submit i...

IRS Highlights Taxpayer Rights Under the Taxpayer Bill of Rights
The IRS has reminded taxpayers about the legal protections afforded by the Taxpayer Bill of Rights. Organized into 10 categories, these rights ensure taxpayers can engage with the IRS confidently and...

FinCEN Postpones Investment Adviser Rule Until 2028 (FinCEN Final Rule RIN 1506-AB58 and 1506-AB69)
The Financial Crimes Enforcement Network (FinCEN) has amended the Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) Program and Suspicious Activity Report (SAR) Filing Requirements...

CA - Film tax credit regulations amended
Regulations governing the California Motion Picture Tax Credit 4.0 Program and Soundstage Filming Tax Credit Program have been amended on an emergency basis to further implement Ch. 27 (A.B. 1138), La...

CO - Wage withholding rule amended
Colorado has updated a rule on withholding Colorado income taxes from wages to:renumber the rule to accommodate additional rules on withholding;provide clarification regarding the requirement to withh...

CT - CIGA members must pay portion of their refunded assessments to department
Members insurers of the Connecticut Insurance Guaranty Association (CIGA) are notified that, on or before February 23, 2026, the member insurer must pay a portion of their recently refunded assessment...

DE - Governor proposes film tax credit
Delaware Gov. Matt Meyer's State of the State Speech included a proposal for a film tax credit. State of the State Speech, Delaware Gov. Matt Meyer, January 22, 2026...

DC - District continues to decouple from federal provisions
The District of Columbia has passed temporary legislation to decouple income and franchise tax provisions from federal provisions. The temporary act is the same as emergency legislation passed earlier...

FL - 2026 governmental leasehold intangible tax valuation factor table issued
For purposes of calculating the 2026 intangible personal property tax on governmental leaseholds, Florida has issued a valuation factor table. In Florida, all governmental leasehold estates or related...

GA - 2026 inflation index rate announced for floating homestead exemption
Georgia announced the inflation index rate for the 2026 property tax digest year, establishing the rate at 2.7%. This rate is used for the floating homestead exemption and reflects the annual change i...

HI - Personal income tax filing tips issued
The Hawaii Department of Taxation (department) provided information to assist taxpayers in avoiding delays during the tax filing process. Among other things, the department advised the taxpayers to:ga...

MA - Withholding rules for real estate transactions issued
The Massachusetts Department of Revenue has issued detailed guidance addressing filing and withholding obligations applicable to sales or exchanges of Massachusetts real estate with a gross sales pric...

MN - Faribault County imposes local transit tax
Starting April 1, 2026, Faribault County will impose a new 0.5% transit sales and use tax. The Minnesota Department of Revenue will administer this tax. Local Sales Tax Notice, Minnesota Department o...

MT - Governor sends reminder about property tax relief options
Montana Gov. Greg Gianforte reminded Montana homeowners that they can now apply for the 2026 Homestead Reduced Rate. Beginning December 1, 2025, Montana homeowners became eligible to apply for the Hom...

NJ - Aspire program amended
New Jersey has modified provisions of the New Jersey Aspire Program related to redevelopment project tax credits. The amendments exempt from the requirement to demonstrate a net positive benefit test ...

NY - Governor announces proposal to establish tax exemption for EV charging stations
In her 2026 State of the State Address, New York Gov. Kathy Hochul has announced a proposal to establish a sales tax exemption for electricity sold at electric vehicle (EV) charging stations. News Re...

NC: Guidance issued on weight-based snuff tax, alternative nicotine products tax, and inventory tax
Guidance is issued regarding recently enacted legislation, effective July 1, 2025, that changed the North Carolina excise tax rate methodology for snuff, imposed a new excise tax on alternative nicoti...

PA - Petition to overturn sale denied
The Supreme Court of Pennsylvania upheld an upset tax sale of property Pennsylvania’s Real Estate Tax Sale Law (RETSL). The court decided that the county fully complied with statutory requirements, ...

TX - November 2025 certification of the average closing price of gas and oil released
The Texas Comptroller of Public Accounts has determined the average taxable price of crude oil for the reporting period November 2025 is $37.58 per barrel for the three-month period beginning on Augus...

VT - 2026 withholding tables released
Vermont has released its 2026 income tax withholding instructions, tables, and charts. Among other topics, the instructions discuss how Vermont income tax withholding is calculated, adjustments for se...

VA - Interest rates unchanged for first quarter of 2026
The Virginia interest rates for the first quarter of 2026 remain at 9% for tax underpayments (assessments) and 9% for tax overpayments (refunds).Taxpayers whose taxable year ends on September 30, 2025...

WA - Rule on medical devices updated
The Washington excise tax rule on medical devices has been updated to reflect that for sales of medical equipment paid by a health insurance provider, retail sales tax need not be stated or collected ...

WY - Tax guidance updated for federal facility deliveries, nicotine pouches
In its quarterly newsletter, the Wyoming Department of Revenue noted that it has changed its position regarding the taxability of tangible personal property delivered to federal facilities. It will no...

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