USPS postmark changes mean mail may be postmarked days after deposit. Learn how this impacts IRS filing deadlines and section 7502 timely mailing rules.

The One Big Beautiful Bill Act introduced Trump Accounts, a new type of tax-advantaged savings account for children under 18, and families with young children need to act before the April 15, 2026, tax filing deadline to take full advantage. Eligible children born between 2025 and 2028 can receive a $1,000 federal seed contribution, but only if parents check the right box when filing IRS Form 4547. Beyond the initial government contribution, parents, grandparents, employers, and charitable organizations can all contribute, but Trump Accounts come with nuances that families and employers need to understand, from gift tax reporting obligations to employer compliance requirements. Our comprehensive guide breaks down what you should know, including who qualifies, how to file, contribution limits, and what employers should consider when evaluating Trump Accounts as an employee benefit.

The revised instructions address changes to the treatment of §174A domestic research expenditures and align with prior IRS guidance and clarifications on reporting requirements.

The IRS recently issued new guidance clarifying how the permanent 100% bonus depreciation deduction will work moving forward. This allows businesses to fully deduct the cost of qualified property in the year it's placed in service, rather than depreciating it over several years.

RSM US explains the tax credits and incentives for which everyday business initiatives may qualify.