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is being hailed as "Tax Super Bowl" — or, in some corners, "Tax Armageddon" — the growing possibility of divided government in Washington next year has some predicting the tax fight could stretch into 2026
But under the latest IRS notice, the $600 threshold won’t be felt until the 2026 tax season, and Congress will likely address a slate of expiring tax provisions under Republicans’ 2017 tax law by the end
The proposal acknowledges the likely delay by giving cryptocurrency brokers more time before being required to deliver more information to the IRS — forms would be required in 2026, covering transactions
He said those now aged 59 would see an increase in the retirement age of three months per year beginning in 2026. The retirement age would reach 69 for those who turn 62 in 2033.
, rescissions of mostly pandemic spending and other changes, the package would save an estimated $1.5 trillion over a decade, and up to $2.1 trillion if Congress abides by additional caps from fiscal 2026