Press Releases

April 30 IRS

Treasury, IRS provide guidance on a new method for recovering federal excise tax paid on dyed fuel established under the One, Big, Beautiful Bill

April 20 IRS

IRS updates frequently asked questions about section 127 educational assistance programs

April 15 Treasury

Over 53 Million Filers Claimed At Least One of President Trump’s Signature New Tax Cuts

April 10 IRS

Treasury, IRS issue final regulations listing occupations where workers customarily and regularly receive tips under the One, Big, Beautiful Bill

April 10 IRS

Treasury, IRS issue proposed regulations on the new remittance transfer tax established under the One, Big, Beautiful Bill

April 8 Treasury

New Guidance Unlocks Economic Opportunity for Overlooked Communities

April 6 Treasury

Treasury Department Designates BNY as Financial Agent to Support New Trump Accounts Program

April 6 IRS

Treasury, IRS provide guidance to States for nominating census tracts as qualified opportunity zones under the One, Big, Beautiful Bill

March 31 IRS

4 million children have been signed up for Trump Accounts with 1 million claiming the $1,000 pilot program contribution

March 30 Treasury

Remarks by U.S. Secretary of the Treasury Scott Bessent at Long Island Business Roundtable

March 12 IRS

Updated Tax Withholding Estimator lets millions of taxpayers take One, Big, Beautiful Bill changes into account when calculating their withholding

March 10 Treasury

President Trump’s Tax Cuts are Putting More Money Back into the Pockets of American Families and Workers

March 6 IRS

Treasury, IRS issue proposed regulations on how to open initial Trump Accounts under the One, Big, Beautiful Bill

March 6 IRS

Treasury, IRS issue proposed regulations for Trump Accounts contribution pilot program, Treasury Department to deposit $1,000 into the account of each eligible child

March 2 IRS

IRS published schedule taxpayers will use to claim deductions on no tax on tips, no tax on overtime, no tax on car loans, no tax on seniors

February 27 IRS

Treasury, IRS issue FAQs about general refundability and recognizing Indian tribal governments for purposes of making a special needs determination for the Adoption Tax Credit

February 20 IRS

Treasury, IRS issue guidance on special depreciation allowance for qualified production property, announce upcoming proposed regulations under the One, Big, Beautiful Bill

February 18 Treasury

Treasury Issues Interim CAMT Guidance to Reduce Burdens, Support U.S. Investment, and Maximize Growth

February 12 IRS

Treasury, IRS provide guidance for certain energy tax credits regarding material assistance provided by prohibited foreign entities under the One, Big, Beautiful Bill

February 3 IRS

Treasury, IRS issue proposed regulations on the clean fuel production credit under the One, Big, Beautiful Bill

January 29 Treasury

Treasury Highlights Corporate and Philanthropic Commitments Announced Following the Trump Accounts Summit

January 28 Treasury

Trump Accounts: The Defining Policy of America's 250th Anniversary

January 23 IRS

Treasury, IRS issue FAQs to address the new deduction for qualified overtime compensation under the One, Big, Beautiful Bill

January 16 IRS

Treasury, IRS: Supplemental basic allowance for housing payments to members of the military are not taxable

January 14 IRS

Treasury, IRS issue guidance on the additional first year depreciation deduction amended as part of the One, Big, Beautiful Bill

January 9 IRS

IRS.gov resources can help answer questions about the One, Big, Beautiful Bill

January 8 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 31 IRS

Treasury, IRS provide guidance on the new deduction for car loan interest under the One, Big, Beautiful Bill

December 23 IRS

IRS updates frequently asked questions on changes to the Limitation on the Deduction for Business Interest Expense

December 23 IRS

IRS updates frequently asked questions on the Premium Tax Credit

December 22 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

December 19 IRS

Treasury, IRS provide safe harbor for taxpayers claiming the carbon capture credit

December 17 Treasury

Remarks by Secretary of the Treasury Scott Bessent at the Trump Accounts Press Conference

December 12 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

December 10 Treasury

Liberal States Blocking Historic Tax Cuts for Hardworking Americans and Workers

December 9 IRS

Treasury, IRS provide guidance on new tax benefits for health savings account participants under the One, Big, Beautiful Bill

December 2 IRS

Treasury, IRS issue guidance on Trump Accounts established under the Working Families Tax Cuts; notice announces upcoming regulations

November 25 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

November 21 IRS

Treasury, IRS provide guidance for individuals who received tips or overtime during tax year 2025

November 20 IRS

Treasury, IRS issue guidance on tax benefit for lenders on loans secured by farm or rural property under the One, Big, Beautiful Bill

November 5 IRS

Treasury, IRS provide penalty relief for tax year 2025 for information reporting on tips and overtime under the One, Big, Beautiful Bill

October 23 IRS

IRS issues FAQs on Form 1099-K threshold under the One, Big, Beautiful Bill; dollar limit reverts to $20,000

October 22 IRS

IRS issues FAQs to address Employee Retention Credits under ERC compliance provisions of the One, Big, Beautiful Bill

October 21 IRS

Treasury, IRS provide transition relief for 2025 for businesses reporting car loan interest under the One, Big, Beautiful Bill

October 9 IRS

IRS releases tax inflation adjustments for tax year 2026, including amendments from the One, Big, Beautiful Bill

October 7 IRS

Treasury, IRS provide penalty relief for remittance transfer providers who fail to deposit excise tax under the One, Big, Beautiful Bill

September 30 IRS

Treasury, IRS provide guidance for Opportunity Zone investments in rural areas under the One, Big, Beautiful Bill

September 22 Treasury

Treasury and IRS Issue Proposed Regulations Around 'No Tax on Tips' Deduction

September 19 IRS

Treasury, IRS issue guidance listing occupations where workers customarily and regularly receive tips under the One, Big, Beautiful Bill

September 2 Treasury

ICYMI: Bessent Touts 'No Tax on Tips'

August 21 IRS

Treasury, IRS issue FAQs to address the accelerated termination of several energy provisions under OBBB

August 7 IRS

IRS announces no changes to individual information returns or withholding tables for 2025 under the One, Big, Beautiful Bill Act

July 3 Treasury

Statement by Secretary of the Treasury Scott Bessent on Passage of the One, Big, Beautiful Bill

July 1 Treasury

Statement by Secretary of the Treasury Scott Bessent on Passage of the One, Big, Beautiful Bill in the Senate

June 17 Treasury

Statement by Secretary of the Treasury Scott Bessent on Introduction of the Senate's One, Big, Beautiful Bill Text