A lot is changing for 2026. This article gives a practical look at several new federal tax law provisions so individuals and business owners can better understand what may affect deductions, credits, reporting, retirement planning, and year-ahead tax decisions.

Trump accounts are a new kind of traditional IRA for eligible children. This guide explains who can open one, how Form 4547 works, the $1,000 pilot program, contribution rules, and when funding can begin.