Brad A. Hillberry Registered Tax Return Preparer

07/22/2026

An update regarding the vehicle mileage deduction and reimbursement rates for 2026.
To help offset rising fuel costs, the IRS issued a rare mid-year increase that applies to all miles driven on or after July 1, 2026:
Business Mileage: Increased to 0.76 per mile (up from 72.5 cents).
Medical / Moving Mileage: Increased to \(0.23.5\) per mile (up from 20.5 cents).
Charitable Mileage: Remains fixed by statute at 0.14 per mile.
What this means for your record keeping:
Because there are two different rates for the year, you must segment your mileage logs into two distinct periods when submitting them to me for preparation of your 2026 income tax return:
Period 1: January 1 – June 30, 2026
Period 2: July 1 – December 31, 2026

Please let me know if you need any assistance updating your mileage tracking or have questions about how this impacts your upcoming income tax filings.

07/21/2026

IR-2026-83, July 8, 2026 — The Internal Revenue Service today announced a new automatic process to provide penalty relief for taxpayers with a history of filing and paying on time, reducing the need for them to request assistance.

01/27/2026

https://www.irs.gov/newsroom/irs-issues-frequently-asked-questions-about-executive-order-14247-modernizing-payments-to-and-from-americas-bank-account

IR-2026-13, Jan. 27, 2026 — The Internal Revenue Service today issued frequently asked questions to help taxpayers, businesses, and other stakeholders understand the changes under Executive Order 14247: Modernizing Payment To and From America’s Bank Account.

01/25/2026

Monday, January 26, 2026, is the official IRS opening of the 2026 income tax filing season. Some new tax law provisions of the One, Big, Beautiful Bill became effective in tax year 2025 and others in tax year 2026. Check which could impact your federal taxes, credits and deductions.

The One, Big, Beautiful Bill Act has a significant effect on your taxes, credits and deductions.

01/23/2026

IR-2026-10, Jan. 23, 2026 — The Department of the Treasury and the Internal Revenue Service today issued frequently asked questions in Fact Sheet 2026-01 related to the new deduction for qualified overtime compensation under the One, Big, Beautiful Bill.

12/03/2025

IR-2025-114, Nov. 21, 2025 — The Department of the Treasury and the Internal Revenue Service today issued guidance for workers eligible to claim the deduction for tips and for overtime compensation for tax year 2025.