Washington News Read about the latest tax and legal developments so you can make prudent plans. $1.5 Billion Deposited in Child Retirement Accounts July 24, 2026The Department of Treasury reports there have been 7 million children enrolled in the new child retirement accounts referred to as "Trump Accounts.” An estimated 1.7 million of those accounts are for children born between 2025 and 2028 who qualify for a grant of $1,000 from the federal government... Identity Protection PINs Help Safeguard Taxpayers July 17, 2026As tax-related identity theft continues to be a significant concern, the Internal Revenue Service (IRS) is encouraging taxpayers to take advantage of the Identity Protection Personal Identification Number (IP PIN) program as an effective safeguard against fraudulent tax return filings... Summer Launch for IRS Security Summit July 10, 2026On July 7, 2026, the Internal Revenue Service (IRS) announced that it was joining with its Security Summit partners to present a five-week series related to identity theft threats. The title of the series is "Protect Your Clients; Protect Yourself."... Guidance Issued for Child IRA Accounts July 3, 2026The Treasury Department and the Internal Revenue Service (IRS) recently issued guidance regarding the new child IRA accounts, also known as "Trump Accounts." In Revenue Procedure 2026-25, the IRS created a gift tax reporting safe harbor that eliminates a significant administrative concern surrounding contributions to these accounts... IRS Receives "Better Than Expected" Grade June 26, 2026National Taxpayer Advocate Erin M. Collins publishes a report each year on the performance of the Internal Revenue Service (IRS). In her most recent report, the IRS was rated "better than expected in most respects."... IRS Attacks Elder Fraud June 19, 2026The Internal Revenue Service Criminal Investigation (IRS-CI) division is responsible for protecting senior taxpayers from fraud schemes... 27 States Opt Into New Scholarship Tax Credit June 12, 2026The Internal Revenue Service (IRS) recently announced that 27 states have elected to participate in the new Federal Scholarship Tax Credit (FSTC) program created under the One Big Beautiful Bill Act (OBBBA)... Free File Still Available for Non-Filers June 5, 2026On June 2, 2026, the Internal Revenue Service (IRS) announced that taxpayers who missed the April 15 tax filing deadline may still use the IRS Free File program... Child IRA Accounts Launched May 29, 2026The Department of Treasury has announced the activation of the new child IRA accounts also known as "Trump Accounts." These tax-deferred accounts formally launch later this summer... IRS Reminds Homeowners of Tax Benefits May 22, 2026On May 21, 2026, the Internal Revenue Service (IRS) published Tax Tip 2026-42 and reminded taxpayers to review the potential tax benefits available for homeownership. While owning a home can be expensive, certain deductions and credits may help offset some of the costs associated with purchasing and maintaining a residence... IRS Highlights Tax Tips May 15, 2026On May 12, 2026, the Internal Revenue Service (IRS) published IRS Tax Tip 2026-39 which reminded taxpayers to read any mail received from the IRS... Improve Your Smartphone and Computer Security May 8, 2026The Internal Revenue Service (IRS) and its Security Summit partners recognize there are heightened risks to taxpayers due to artificial intelligence (AI). Hackers now have powerful new AI tools that continue to probe your smartphone and computer software to find vulnerable areas. ... Tax Refunds $43 Billion Higher This Year May 1, 2026On April 17, the Internal Revenue Service (IRS) reported that it had issued approximately $296 billion in tax refunds. This is an increase of about 17% compared to the prior year... Tax Refund Status Checks April 24, 2026On April 21, the Internal Revenue Service (IRS) issued IRS Tax Tip 2026-33 reminding taxpayers of the available options to check the status of a tax refund. Most refunds are issued within 21 days of filing a tax return... IRS Releases New Online Tool April 17, 2026As the April 15 tax deadline has come and gone, the Internal Revenue Service (IRS) launched a new online tool to assist with resolving tax debt. While taxpayers are eligible to file an extension for a deadline of October 15, for most taxpayers, the tax balance remains due by April... Larger Refunds and Last-Minute Filing Tips April 10, 2026As the tax deadline approaches on April 15, the Internal Revenue Service (IRS) reports that most of the tax returns filed to date have resulted in a refund. Of those receiving refunds, approximately 80% have been issued within 21 days. As of March 27, approximately 88 million returns have been... Four Million IRA Accounts for Children April 3, 2026On March 31, 2026, the Internal Revenue Service (IRS) announced that more than four million tax-favored accounts for children have been established since newly authorized in 2025... Top Tax Tips for Successful Filing March 27, 2026As the April 15-tax filing deadline is approaching, the Internal Revenue Service (IRS) has published its top tax tips for successful filing. The IRS suggests that taxpayers who file near the deadline may benefit from these steps... IRS Highlights Tax Season Scams March 20, 2026The Internal Revenue Service (IRS) reminded taxpayers to stay alert during filing season which is when scams and misleading tax advice tend to spike... IRS Releases Updated Withholding Calculator March 13, 2026The Internal Revenue Service (IRS) recently announced an update to the IRS Tax Withholding Estimator. This new version helps taxpayers account for recent tax law changes when determining the proper amount of federal income tax to withhold from their paychecks... Showing 1 - 20 of 54123Next