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The One Big Beautiful Bill Act (OBBBA) is a federal law that requires changes to the 2026 Form W-2.
The includes new box 12 codes — notably TP for qualified tips and TT for qualified overtime compensation in draft guidance — and released a final 2026 form that incorporates changes tied to recent fed...
The IRS finalized the redesigned 2026 Form W‑2 — including the new Box 12 code “TT” for total qualified overtime compensation — with the agency posting the final 2026 W‑2 on or about January 9–12, 202...
Since 2025, federal revenues rose materially while outlays also climbed, producing a 2025 deficit that was marginally smaller than 2024’s but still historically large; CBO reports the FY2025 deficit a...
Making the temporary 2025 tax and spending provisions permanent—whether those in the One Big Beautiful Bill Act (OBBBA), parts of H.R.1, or reconciliation proposals—would materially worsen U.S. debt t...
The Department of Education’s 2026 proposed definition sharply narrows which graduate programs count as “professional,” explicitly excluding a swath of health and social‑service degrees while listing ...