IRA

The Internal Revenue Service has issued Revenue Ruling 2026-09 which contains the applicable federal rates for May 2026. 

The Department of Labor announced that it has issued Technical Release 2026-01. 

Representative Nancy Mace (R-SC) has introduced H.R. 8221, the First-Time Homebuyer Savings Act in the House.

The Internal Revenue Service has announced the postponement of certain tax-related deadlines for flooding and mudslides due to severe storms in the state of Hawaii until July 8, 2026.

The Internal Revenue Service has announced the postponement of certain tax-related deadlines for winter storm Fern in the state of Tennessee until May 22, 2026.

The Internal Revenue Service has released an updated draft Form 8955-SSA, Annual Registration Statement Identifying Separated Participants With Deferred Vested Benefits. 

The Internal Revenue Service has posted a draft 2026 tax year Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.

The Internal Revenue Service has posted a draft 2026 tax year Form 5498, IRA Contribution Information.

The Internal Revenue Service has issued a draft Form 5498-TA, Trump Account Contribution Information, which will be used by trustees to report tax year contributions to Trump accounts. 

The Internal Revenue Service has issued two coordinated proposed regulations that begin to define how Trump accounts will operate.