Friday, February 13, 2026

Recent Development for Tax Products

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Recent Developments for Tax Products 02/13/2026

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The Following Early Release(s) have been posted

Early Releases are draft versions of tax forms, instructions, and publications. Do not file draft forms and do not rely on information in draft instructions or publications.

Product Title Rev. Date Posted
Instruction 941 (sp) Instructions for Form 941, Employer's QUARTERLY Federal Tax Return (Spanish Version) Mar 2026 02/13/2026
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Recent Development for Tax Products

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Recent Developments for Tax Products 02/13/2026

Tax Products Topics

Forms & Publications

All Tax Products

Draft Tax Products

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and publications

Comments on Tax Forms,
and Publications


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Contact My Local Office

File your tax return

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The Following Early Release(s) have been posted

Early Releases are draft versions of tax forms, instructions, and publications. Do not file draft forms and do not rely on information in draft instructions or publications.

Product Title Rev. Date Posted
Instruction 941 (sp) Instructions for Form 941, Employer's QUARTERLY Federal Return Tax (Spanish Version) Mar 2026 02/13/2026
Publication 570 Tax Guide for Individuals With Income From U.S. Territories 2025 02/13/2026
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IR-2026-24: Avoid waiting on hold; use IRS online tools for faster help

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IRS Newswire

February 13, 2026

Issue Number:    IR-2026-24

Inside This Issue


Avoid waiting on hold; use IRS online tools for faster help

Presidents Day week is peak time for IRS phone traffic; skip the wait by visiting IRS.gov

IR-2026-24, Feb. 13, 2026

WASHINGTON — With the 2026 filing season underway and increased call-center demand around the Presidents Day holiday on Feb. 16, the Internal Revenue Service encourages taxpayers to visit Let Us Help You on IRS.gov and use online tools to get fast, convenient help without waiting on hold.

Presidents Day week is historically one of the busiest periods of the filing season, when calls to IRS phone lines often spike. Many common tax questions and tasks can be handled online before, during, and after filing through IRS self-service tools available 24/7.

The IRS offers step-by-step tax filing guidance and self-service assistance to help taxpayers before, during, and after filing their returns.

Skip the wait: Get tax info with an IRS Individual Online Account

Taxpayers can use an IRS Individual Online Account to:

  • Get tax records, including wage and income transcripts and adjusted gross income from the most recently filed tax return.
  • View, approve, and sign authorizations from tax professionals.
  • Request and view an identity protection PIN (IP PIN).
  • Make a payment and schedule or cancel future payments.

Skip the mail: File electronically and choose direct deposit

Filing electronically and selecting direct deposit is the fastest and safest way to receive a refund. Electronic refunds reduce the risk of payments being lost, stolen, altered, or delayed.

In accordance with Executive Order 14247, Modernizing Payments To and From America's Bank Account, the IRS has begun transitioning to fully electronic federal payments.

Eligible taxpayers can file electronically at no cost through the IRS Free File program. Taxpayers who are comfortable preparing their own taxes can use Free File Fillable Forms regardless of their income.

Get answers to tax and eligibility questions

The Interactive Tax Assistant provides answers to common tax questions, including filing status, taxable income, and credit eligibility. Taxpayers can also visit One, Big, Beautiful Bill Provisions for guidance on recent tax law changes affecting credits and deductions.

Qualified taxpayers needing additional help can find no-cost basic tax return preparation from IRS-certified volunteers through Volunteer Income Tax Assistance and Tax Counseling for the Elderly programs. IRS.gov also offers tips for choosing a tax preparer and how to avoid unethical "ghost" return preparers.

Check refund status online

Taxpayers can track refunds using Where's My Refund?, which provides refund status information within 24 hours after the IRS accepts an electronically filed, current-year return. The data is updated once a day, overnight.

Most early Earned Income Tax Credit and Additional Child Tax Credit filers will see an updated refund status in Where's My Refund? by Feb. 21.

IRS.gov is the first stop for help

IRS.gov remains the quickest and easiest way to get help anytime, without waiting on hold.

For more information


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Recent Development for Tax Products

Having trouble viewing this email? View it as a Web page.                                                                                                                                                 Bookmark and Share

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Recent Developments for Tax Products 02/13/2026

Tax Products Topics

Forms & Publications

All Tax Products

Draft Tax Products

Help with forms and instructions

Post-release changes to tax forms, instructions,
and publications

Comments on Tax Forms,
and Publications


IRS Resources

Taxpayer Bill of Rights

Contact My Local Office

File your tax return

Newsroom

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Taxpayer Advocate Service

Where to File


The Following Early Release(s) have been posted

Early Releases are draft versions of tax forms, instructions, and publications. Do not file draft forms and do not rely on information in draft instructions or publications.

Product Title Rev. Date Posted
Publication 519 U.S. Tax Guide for Aliens 2025 02/13/2026
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Thursday, February 12, 2026

IR-2026-23: Treasury, IRS provide guidance for certain energy tax credits regarding material assistance provided by prohibited foreign entities under the One, Big, Beautiful Bill

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IRS Newswire

Feb. 12, 2026


Issue Number:    IR-2026-23

Inside This Issue


Treasury, IRS provide guidance for certain energy tax credits regarding material assistance provided by prohibited foreign entities under the One, Big, Beautiful Bill

IR-2026-23, Feb. 12, 2026

WASHINGTON The Department of the Treasury and the Internal Revenue Service today issued a notice providing guidance for determining whether electricity-producing qualified facilities, energy storage technologies, or eligible components are receiving material assistance from a prohibited foreign entity (PFE) and would be ineligible for certain energy tax credits.

The One, Big, Beautiful Bill added new restrictions to clean electricity credits under Internal Revenue Code Sections 45Y and 48E, and the advanced manufacturing production credit under Section 45X to determine eligibility for credits when there is material assistance from a PFE.

Notice 2026-15 provides that Treasury and IRS intend to propose regulations with respect to the definition of a PFE and the calculation of the material assistance cost ratio that taxpayers must use to determine whether there was material assistance from a PFE. The notice also details how to use interim safe harbors authorized by the OBBB and provides example calculations under those safe harbors.

The notice also provides that Treasury and IRS intend to propose regulations and other further guidance with respect to the definition of a PFE and the material assistance rules, including new safe harbor tables as authorized in the OBBB.

The notice explains that a taxpayer may rely on the rules provided in the notice to calculate the material assistance cost ratio for:

  • any Section 45Y or 48E qualified facility or energy storage technology the construction of which begins after Dec. 31, 2025, until 60 days after the publication of the forthcoming safe harbor tables.
  • any Section 45X eligible components sold in taxable years beginning after July 4, 2025, the date of the OBBB's enactment, until the date that the forthcoming safe harbor tables are published.

Finally, the notice requests comments 45 days from the date of publication regarding definitional, anti-circumvention, and other issues for future guidance.

For more information, visit One, Big, Beautiful Bill Provisions on IRS.gov.


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Tax Tip 2026-12: New and enhanced deductions for individuals

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IRS Tax Tips Feb. 12, 2026

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Issue Number: Tax Tip 2026-12

New and enhanced deductions for individuals

There are several new tax deductions that have been introduced for the 2026 filing season. A deduction is an amount subtracted from the taxpayer's income when filing. Deductions lower the taxable income resulting in lowering the federal income tax obligation.

New deductions for 2026 filing season

  • Seniors age 65 and older may be eligible to claim an additional $6,000 deduction
  • Tipped workers may be eligible to deduct up to $25,000 for qualified tips
  • Individuals may be eligible to deduct up to $12,500 ($25,000 for joint filers) for qualified overtime
  • Individuals may deduct up to $10,000 in qualified passenger vehicle loan interest

All new or enhanced deductions are available for both itemizing and non-itemizing taxpayers. Each of these deductions phase out based on income level for individual and joint filers and have specific eligibility requirements. This information can be found on the One, Big, Beautiful Bill provisions page for individuals and workers.

Standard deduction amounts for tax year 2025
The standard deduction is a flat amount based on federal income tax filing status (single, married filing separately, married filing jointly, head of household, or qualifying surviving spouse). The IRS adjusts the standard deduction annually for inflation.

  • $15,750 for single or married filing separately
  • $31,500 for married couples filing jointly or qualifying surviving spouse
  • $23,625 for head of household

Most people take the standard deduction. However, some may not be eligible to take it or if deductible expenses and losses are more than the standard deduction, taxpayers have the option to itemize deductions. Itemized deductions are subject to certain dollar limitations. They can include amounts paid during the taxable year for: state and local income or sales taxes, real property taxes, personal property taxes, mortgage interest, disaster losses, gifts to charities, certain gambling losses, and medical and dental expenses.

Taxpayers are reminded that they need documents to show expenses or losses they want to deduct. Tax software will calculate deductions and enter them in the right forms. Taxpayers who earned less than $89,000 in 2025 can use Free File guided tax software to prepare and electronically file their 2025 federal income tax returns for free. All taxpayers can use Free File Fillable Forms regardless of income level. The IRS Interactive Tax Assistant can help a person decide if they're eligible for many popular tax credits and deductions.

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