A New Savings Vehicle for Children A major new savings initiative called Trump Accounts is set to debut in 2026, offering a unique investment vehicle designed to help American families build long-term financial security for children. Established under the federal One Big Beautiful Bill Act (OBBBA), these accounts are a distinct type of individual retirement
Mailbox Rule The mailbox rule is a long-standing tax principle that treats certain tax documents and payments as filed or made on the date they are mailed, rather than the date they are received by the IRS. Under Internal Revenue Code Section 7502, a document is generally considered timely if it bears a U.S. postmark
A significant shift is underway in how the federal government will deliver some tax refunds and benefit payments. Starting September 30, 2025, paper checks from the IRS, Social Security Administration (SSA), and other federal agencies will become a thing of the past. The move toward a fully electronic system aims to cut costs, minimize fraud,
