The IRS’s 2026 Dirty Dozen list is largely a mix of familiar schemes, from bad tax advice on social media  to impersonation attempts, but it does add one new entry: abusive undistributed long‑term capital gains claims. The list, which the IRS has published for more than two decades, highlights the tactics scammers lean on during filing season and reflects where fraudsters are putting their energy. It reminds “everyone to remain vigilant and watch out for scams because thieves continuously adjust the pitches they use to take advantage of honest taxpayers,” IRS CEO Frank Bisignano said in a news release on Thursday. [more]

The IRS issued two sets of proposed regulations for Trump accounts, the new type of individual retirement accounts for eligible children under Sec. 530A of H.R. 1, P.L. 119‑21, known as the One Big Beautiful Bill Act. Proposed regulations under Sec. 530A (REG-117270-25), provide guidance on how to open initial Trump accounts. Proposed regulations under Sec. 6434 (REG-117002-25) provide details on the pilot program under which the government deposits $1,000 into the accounts of eligible children. The proposed regulations under Sec. 530A provide general requirements for Trump accounts, certain definitions relating to Trump accounts, rules regarding the election to open an initial Trump account, and rules regarding the responsible party for the initial Trump account. [more]

If retirement planning were a game, the rules would keep changing. At times, you’d get extra time on the clock — or less. Points added to your score — or taken away. Lines redrawn when you least expect it. Instead of following a static strategy, you’d adjust as the game evolves. That’s essentially what retirement planning looks like in 2026. This year brings a mix of new opportunities and potential curveballs, affecting everything from how much you can save to what you’ll pay in taxes. Whether you’re still working or already retired, staying on top of these 2026 retirement rule changes can help you make better decisions now and avoid surprises later. [more]

Here's a list of federal tax deductions and credits that you can't claim in the 2026 tax year. High-income earners could also get hit by a "surprise" tax bill. Just when you thought you knew your federal income taxes, here comes a curveball: Key tax breaks have disappeared for 2026. During his first presidency, Donald Trump signed the Tax Cuts and Jobs Act (TCJA) into law. The largest tax bill in recent decades temporarily halted several tax breaks. Now in his second term, Trump and the GOP have extended many of the TCJA tax cuts and enacted several new temporary tax benefits in a law Trump often refers to as the One Big Beautiful Bill (OBBB). [more]