IRS says automatic penalty relief starts this summer—who qualifies and what to watch
The IRS says Automatic Exemption from Penalty (AEP) will replace parts of First Time Abate starting summer 2026—here’s who gets automatic relief.
The IRS says Automatic Exemption from Penalty (AEP) will replace parts of First Time Abate starting summer 2026—here’s who gets automatic relief.
July 1, 2026: House Ways & Means marked up seven IRS tax-administration bills on taxpayer rights, AI safeguards, ghost-preparer fraud, and hospital transparency.
IRS guidance updated July 1 and July 6 explains the ‘no tax on tips’ and ‘no tax on overtime’ deductions—and what to track in your pay records.
July 13 ruling says Trump–IRS case was used for an “anti-weaponization” fund; judge sanctions lawyers and blocks “settlement” label in court.
IRS updated Working Families Tax Cuts guidance July 1, 2026. If you filed for 2025, some changes may be retroactive—review eligibility and W-4.
AEP replaces First Time Abate for eligible late filers: the IRS will skip some failure-to-file/pay/deposit penalties starting Summer 2026.
United States Consumer Costs and Household Budgets – July 10, 2026 is a cutoff for some COVID-19-related tax refund or protective claims tied to Kwong v. United States.
United States Evening Breaking National Update – Treasury named a default S&P 500 fund for Trump Accounts and outlined a new stock-contribution process before the July 4 rollout.