📈 IRS Announces 2026 Tax Inflation Adjustments — What You Should Know The IRS has released the inflation-adjusted tax figures for 2026, incorporating updates from the One Big Beautiful Bill (OBBB). These changes will affect individuals and small businesses when filing returns in 2027. 🧾 Key Highlights Standard Deduction Single: $16,100 Married Filing Jointly: $32,200 Head of Household: $24,150 Top Tax Rate The 37% rate still applies but begins at higher income thresholds —

📌 What Businesses Need to Know About Reporting Car Loan Interest Under the “One Big Beautiful Bill” The IRS and the U.S. Department of the Treasury have just announced important transition relief for businesses affected by the new reporting requirements under the One Big Beautiful Bill (OBBB) — specifically for interest received on car loans during tax year 2025. If your business provides auto loans or receives interest from qualified vehicle financing, this update will help