The Tax Professionals Blog
Highlights of Internal Revenue Bulletin 2025-39...
Key highlights from IRS Internal Revenue Bulletin 2025-39, including withdrawn proposed regulations under IRC Section 6103(n) and administrative updates.
Read MoreOBBBA Student Loan Discharge
In this release, learn how OBBBA makes discharged student loans for death or total disability tax-free after 2025, provided Social Security number rules are met.
Read MoreOBBBA & ABLE Accounts
The OBBBA strengthens ABLE accounts starting in 2026, permanently allowing extra contributions, expanding eligibility to age 46, and updating annual limits for inflation.
Read MoreHighlights of Internal Revenue Bulletin 2025-37...
In this release, we highlight IRS Bulletin 2025-37, including new Q4 interest rates, withdrawal of DPL rules, transition relief, and proposed regulations for U.S. real property transactions.
Read MoreOBBBA Pease Limitation
The OBBBA permanently ends the Pease limitation and replaces it with a new overall cap on itemized deductions, effective in 2026, for taxpayers in the highest income bracket.
Read MoreHighlights of Internal Revenue Bulletin 2025-36...
IRS Bulletin 2025-36 is out: key updates on partnership reporting, employment tax rates, exempt org revocations, and renewable energy credits under OBBBA. Read the highlights now.
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