The financial news that actually matters
Covers tax deadlines, filing updates, government changes, and important financial calendar events. It ensures readers stay updated with time-sensitive financial requirements.
Farmers and landowners who sell qualifying farmland can pay the resulting tax in four annual installments of 25% each, instead of in one lump sum. The Treasury Department and the Internal Revenue Service issued proposed regulations on the election on Sept. 28, 2026, and the option itself already applies to qualifying sales made in tax…
The Internal Revenue Service’s temporary relief from deposit penalties on the 1 percent remittance transfer tax ran out when the fourth quarter began on Oct. 1. Notice 2025-55 covered only the first three calendar quarters of 2026, so the businesses that send customers’ money abroad now face the ordinary rules for depositing the tax on…
Taxpayers who asked the IRS for more time to file their 2025 returns have until Oct. 15 to get those returns in. The extension does not cover the money, though, and any tax still unpaid since April has been accruing interest at 7% a year. The IRS set that rate for the quarter that began…
The federal government’s share of each state’s Medicaid bill resets today. The Federal Medical Assistance Percentages for fiscal year 2027, which cover October 1, 2026 through September 30, 2027, put ten states at the statutory floor of 50.00 percent. At the other end of the 50 states, Mississippi draws 77.32 percent. The rates decide how…
An outright import ban on certain Canadian vehicle products took effect at 12:01 a.m. eastern time on September 29, 2026, replacing the 50% duty that had applied to the same goods since August. The measure, Proclamation 11063, was signed by President Donald J. Trump on September 8 and moves the products from a taxed category…
Certain Canadian alcoholic beverages and dairy products stopped being importable into the United States at 12:01 a.m. Eastern on Sept. 29, and all-terrain vehicles joined the Canadian goods that carry a 50% tariff on Sept. 15. For a shopper, the change is measured in dollars at the register or the dealer’s lot: a 50% duty…
Early childhood teachers were added to the federal educator expense deduction in H.R. 5334, which the President signed on Sept. 18. The change applies to classroom spending in taxable years beginning after Dec. 31, 2025, meaning expenses paid in 2026 for most filers. The deduction sits inside a larger law, the Lindsey O. Graham Sanctioning…
A farmer who sells land at retirement could be allowed to spread the resulting tax bill over four years under regulations that Treasury and the Internal Revenue Service proposed on Sept. 28, 2026. The plan is a proposal, not a final rule, and comments are open until Nov. 30, 2026. If adopted as written, it…
A White House fact sheet says 26 drugmakers, together covering 89% of the branded drug market, have agreements to hold Medicaid net prices at most-favored-nation levels, meaning what certain other wealthy countries pay. The administration projects $64.3 billion in taxpayer savings over the next decade. The Centers for Medicare & Medicaid Services, which runs the…
Filers who asked for an automatic extension have until Oct. 15 to submit a 2025 return, and that late-season return is where four new deductions for tips, overtime, car-loan interest and older age first appear. The Internal Revenue Service lists all four as available for tax years 2025 through 2028, with a $6,000 extra deduction…