News

The IRS has posted another draft 2025 Form 8880, Credit for Qualified Retirement Savings Contributions. 

The IRS released a draft 2026 Publication 15-A, Employer’s Supplemental Tax Guide (Supplement to Pub. 15, Employer’s Tax Guide). 

Representatives Scott Peters (D-CA) and Norma Torres (D-CA) have introduced H.R. 5887, the Saving for the Future Act. 

The Internal Revenue Service has released a draft 2025 tax year Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs). 

Senator Bill Cassidy (R-LA) has reintroduced S. 3086, the Restoring Integrity in Fiduciary Duty Act. 

The Pension Benefit Guarantee Corporation (PBGC) has updated its table titled, “Present Value of PBGC Maximum Guarantee.”

The IRS has announced the postponement of certain tax-related deadlines for victims of Typhoon Halong until May 1, 2026.

The Internal Revenue Service has released a draft 2025 tax year Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs).

The Internal Revenue Service has announced the postponement of certain tax-related deadlines for North Dakota and South Dakota victims of severe storms and flooding.

Effective October 29, 2025, the prime interest rate was lowered from 7.25 percent to 7.00 percent.