Alvarez Accounting & Taxes, Inc.

07/15/2026

https://www.forbes.com/sites/kellyphillipserb/2026/07/13/irs-announces-increase-in-standard-mileage-rates-for-the-second-half-of-2026/?fbclid=IwZnRzaATEU1FwZG9mAWZkaWQWUKngQZXGuVRnpVzzclOFfEZriTQNsWV4dG4DYWVtAjExAHNydGMGYXBwX2lkCjY2Mjg1NjgzNzkAAR76GeMPAIexA3nH_mVr0a2gTpv_eC6QKZwzkh52gC71cX3ZcxduyYmG8hwqxw_aem_uCsHpiCXBhZ1jg7iFhwu_w

Higher fuel prices prompted the IRS to raise the business, medical, and qualified moving rates for mileage on or after July 1, 2026.

06/06/2026

New features in Individual Accounts allow you to view and submit Trump Account elections, making it easier than ever to invest in these tax-advantaged accounts. You can use your IRS Individual Account to submit Form 4547, Trump Account Election(s), and view its submission status. For more info, read: https://ow.ly/jpse50Z5ISc

06/06/2026

Treasury has launched the official Trump Accounts app ahead of the program’s July 4, 2026, debut.

A few key takeaways:

• Activation emails will be sent in phases.

• Legitimate activation emails should come only from [email protected].

• Treasury says it will not contact families by phone or text to activate an account.

• Contributions cannot begin until July 4, 2026.

• The $1,000 federal pilot contribution is not automatic—you must make the required election.

• There is no cost to open a Trump Account.

The big caution here is scams. New federal programs almost always create opportunities for lookalike websites, fake customer service numbers, and “helpful” third parties to request personal information or payment.

Use only the official app or type TrumpAccounts.gov directly into your browser.

I break down what families need to know here: https://www.forbes.com/sites/kellyphillipserb/2026/05/29/treasury-launches-trump-accounts-app-as-funding-date-approaches/

The accounts still can’t accept contributions until July 4. Amid fears scammers could target the rollout, Treasury warned families to use only official channels.