All the BUZZ in this installment comes from the federal government.
* The IRS has released a draft of the Form 1098-VLI - Vehicle Loan Interest Statement - to be used beginning in 2026 to report the interest paid on a qualified passenger car loan that qualifies for the new BBNSBB deduction
* This just in – “Social Security Announces 2.8 Percent Benefit Increase for 2026”.
And “ . . . the maximum amount of earnings subject to the Social Security tax (taxable maximum) is slated to increase to $184,500 from $176,100.”
* Sad news. Jory Heckman reports “IRS tells states Direct File ‘will not be available’ in 2026” at the FEDERAL NEWS NETWORK (highlight is mine) -
“The IRS sent an email on Monday to 25 states it partnered with on Direct File, which has been running for two filing seasons, telling them that ‘Direct File will not be available in Filing Season 2026,’ and that ‘no launch date has been set for the future’.”
This was done despite -
“Former members of the Direct File team, however, claim the project largely succeeded in its goal of making it faster and easier for individuals to file their taxes.”
The corrupt Trump Administration clearly gave in to pressure from Henry and Richard and other commercial tax preparation companies.
* And the IRS has released the cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2026.
THE LAST WORD
Just so you know –
Over the past 50+ years I have voted for Democratic, Republican, and Independent candidates – depending on the election, the issues, and the candidates.
As I posted in the past –
“In
2012 I voted for Mitt.
But
I’ll never vote for Trump,
‘cause
he’s a worthless piece of shit.”
I have no issues with “traditional” Republicans or true conservatives. I do, however, strongly oppose and denounce “today’s” Trump-embracing and Religious Right controlled Republican Party – and very seriously believe that it is truly the greatest enemy of and danger to America and American democracy.
TAFN
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