The IRS has released the annual inflation adjustments for tax year 2026—adjustments that include not just routine cost-of-living increases, but also several provisions shaped by the new One Big Beautiful Bill Act (OBBBA).

The One Big Beautiful Bill Act (OBBBA) introduces important changes to the Family & Medical Leave (FML) Credit. The new law does more than extend the credit—it expands options and loosens certain eligibility rules.

The fee tax professionals pay to renew or apply for a preparer tax identification number will be reduced from $11 to $10 starting in mid-October, the IRS said on Sept. 29.

The IRS will begin phasing out paper tax refund checks for taxpayers starting Sept. 30, marking a major shift toward electronic payments.