In response to rising fuel prices, the Internal Revenue Service has issued a mid-year adjustment to the standard mileage rates for the remainder of 2026.

Considering adoption or recently finalized one? There may be valuable tax benefits available to help offset the costs.

Get up to $2,500 per student for college expenses during the first 4 years of higher education. Covers tuition, fees, books, and supplies (income limits apply).

For many taxpayers, 2026 may bring good news: If your total taxable income falls within the following ranges, you’ll owe no federal capital gains tax: • Individuals: $49,450 or less • Married couples filing jointly: $98,900 or less

The IRS has updated the standard mileage rates for 2026, reflecting changes in costs and usage trends. These rates are used to calculate deductible expenses for business, medical, moving, and charitable purposes.

Beginning January 1, 2026, catch-up contributions for employees aged 50+ earning more than $145,000 must be made as Roth (after-tax) contributions.

You can now deduct up to $10,000 in interest paid on a loan used to purchase a qualified personal-use vehicle.

The IRS has increased IRA contribution limits to help you save more for retirement—plus extra benefits for those age 50 and older.

Plan Ahead for 2026! Contribution limits for retirement plans are increasing—don’t miss out. The IRS has announced new contribution limits for retirement plans for the 2026 tax year, giving employees more opportunities to save for the future.

Effective for tax years 2025–2028, qualified tips earned by individuals may be claimed as a federal income tax deduction of up to $25,000. Tips include money received from customers in cash, by credit card, or through a tip-sharing arrangement—provided they are given voluntarily.