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Press Releases

Official statements and announcements from the U.S. Department of the Treasury regarding the Working Families Tax Cuts.

January 2026
IRS
Treasury, IRS issue guidance on the additional first year depreciation deduction amended as part of the One, Big, Beautiful Bill
IRS
IRS.gov resources can help answer questions about the One, Big, Beautiful Bill
IRS
Treasury, IRS issue proposed regulations reflecting changes from the One, Big, Beautiful Bill to the threshold for backup withholding on certain payments made through third parties
December 2025
IRS
Treasury, IRS provide guidance on the new deduction for car loan interest under the One, Big, Beautiful Bill
IRS
IRS updates frequently asked questions on changes to the Limitation on the Deduction for Business Interest Expense
IRS
IRS updates frequently asked questions on the Premium Tax Credit
IRS
Treasury, IRS announce forthcoming guidance on a new method for recovering federal excise tax paid on dyed fuel established under the One, Big, Beautiful Bill
IRS
Treasury, IRS provide safe harbor for taxpayers claiming the carbon capture credit
Treasury
Remarks by Secretary of the Treasury Scott Bessent at the Trump Accounts Press Conference
IRS
Treasury, IRS allow States to make an Advance Election to participate in the new federal tax credit for individual contributions to Scholarship Granting Organizations under the One, Big, Beautiful Bill
Treasury
Liberal States Blocking Historic Tax Cuts for Hardworking Americans and Workers
IRS
Treasury, IRS provide guidance on new tax benefits for health savings account participants under the One, Big, Beautiful Bill
IRS
Treasury, IRS issue guidance on Trump Accounts established under the Working Families Tax Cuts; notice announces upcoming regulations
November 2025
IRS
Treasury, IRS request comments on implementation of the new federal tax credit for individual contributions to Scholarship Granting Organizations under the One, Big, Beautiful Bill
IRS
Treasury, IRS provide guidance for individuals who received tips or overtime during tax year 2025
IRS
Treasury, IRS issue guidance on tax benefit for lenders on loans secured by farm or rural property under the One, Big, Beautiful Bill
IRS
Treasury, IRS provide penalty relief for tax year 2025 for information reporting on tips and overtime under the One, Big, Beautiful Bill
October 2025
IRS
IRS issues FAQs on Form 1099-K threshold under the One, Big, Beautiful Bill; dollar limit reverts to $20,000
IRS
IRS issues FAQs to address Employee Retention Credits under ERC compliance provisions of the One, Big, Beautiful Bill
IRS
Treasury, IRS provide transition relief for 2025 for businesses reporting car loan interest under the One, Big, Beautiful Bill
IRS
IRS releases tax inflation adjustments for tax year 2026, including amendments from the One, Big, Beautiful Bill
IRS
Treasury, IRS provide penalty relief for remittance transfer providers who fail to deposit excise tax under the One, Big, Beautiful Bill
September 2025
IRS
Treasury, IRS provide guidance for Opportunity Zone investments in rural areas under the One, Big, Beautiful Bill
Treasury
Treasury and IRS Issue Proposed Regulations Around 'No Tax on Tips' Deduction
IRS
Treasury, IRS issue guidance listing occupations where workers customarily and regularly receive tips under the One, Big, Beautiful Bill
Treasury
ICYMI: Bessent Touts 'No Tax on Tips'
August 2025
IRS
Treasury, IRS issue FAQs to address the accelerated termination of several energy provisions under OBBB
IRS
IRS announces no changes to individual information returns or withholding tables for 2025 under the One, Big, Beautiful Bill Act
July 2025
Treasury
Statement by Secretary of the Treasury Scott Bessent on Passage of the One, Big, Beautiful Bill
Treasury
Statement by Secretary of the Treasury Scott Bessent on Passage of the One, Big, Beautiful Bill in the Senate
June 2025
Treasury
Statement by Secretary of the Treasury Scott Bessent on Introduction of the Senate's One, Big, Beautiful Bill Text