Issue Number: 2026-06 Inside This Issue
Updates made to IRS Tax Withholding Estimator for OBBB credits and deductions
The IRS Tax Withholding Estimator now includes changes for credits and deductions allowable under the One, Big, Beautiful Bill. This includes no tax on tips, no tax on overtime, deductions for seniors and other OBBB tax benefits. Businesses and individual taxpayers can use the tool to determine withholding adjustment needs based on multiple jobs, income and dependent information provided. Taxpayers can access the tool without login requirements or providing personally identifiable information. Taxpayers are encouraged to use the tool if they experienced any of the following: more than one job or working spouse, major life changes, claims of certain credits, itemized deductions, receipt of income with no tax withheld or owe taxes or receipt of larger than expected refund during most recent filing season. The tool also helps taxpayers complete the new Form W-4, Employee's Withholding Certificate or Form W-4P, Withholding Certificate for Periodic Pension or Annuity Payments to submit to their employer or pension provider if changes are recommended. Visit the news release and the Tax Withholding Estimator FAQs on IRS.gov for more information. Back to top
2026 Tax Filing Season has free options and resources for return filing
IRS has several free filing options and resources to help businesses and individual taxpayers who need to file their 2025 federal tax returns before the April 15, 2026 deadline. E-filing, available through IRS.gov, is the fastest and most secure option for filing your tax return. IRS Free File allows taxpayers with an adjusted gross income of $89,000 or less, to use guided tax preparation software for free. The software provides: - Multiple products to choose from
- Simple questions
- Accurate calculations
- State providers who offer free state tax preparation and filing
Free help with tax preparation is available for eligible taxpayers and can be viewed through the following site: Volunteer Income Tax Assistance/ Tax Counseling for the Elderly. Active-duty and reserve miliary and certain veterans should review MilTax for additional guidance. For more information about free filing options, see the news release. Back to top
IRS launches new text chat for taxpayers outside the US for individual or business account questions Taxpayers living outside the United States now have a new and faster way to get help with transcripts and amended returns, IRS has launched a live text chat, a no-cost alternative to the traditional toll telephone line, for international taxpayers. If you are a taxpayer with specific individual or business account questions, text chat is available Monday through Friday, 6 a.m. to 11 p.m. and accessible at Contact My Local Office Internationally. The chat service can assist with answers about: - Statues of amended returns
- Amended return process timeline
- Help with requesting a transcript
For help with specific questions about your account, you will need to verify your identity using ID ME. Back to top
Other tax news
The following information may be of interest to individuals and groups in or related to small businesses: Back to top
    
Thank you for subscribing to this IRS email service. This message was distributed automatically from the mailing list e-News for Small Business. Please Do Not Reply To This Message. | 
No comments:
Post a Comment