Tax News and Updates

IRS TAX WITHHOLDING ESTIMATOR & 2026 W-4

Improved Tax Withholding Estimator helps workers target the refund they want; shows how to fill out new 2026 W-4

https://www.irs.gov/pub/irs-pdf/fw4.pdf?1736746289

Upload the new 2026 w-4 form to update your employee withholdings. Tap on "Read More"

2026 Standard MIleage Rate-IRS

Business use: 72.5 cents per mile-This rate applies to miles driven for work/business purposes.

Medical purposes: 20.5 cents per mile
Moving purposes (for qualifying active-duty military and certain intelligence personnel): 20.5 cents per mile
Charitable driving: 14 cents per mile

2026 BASIC LIMIT ON ELECTIVE DEFERRALS

The 2026 salary deferral limit

401(k), 403(b), and most 457(b) plans:

Standard annual limit on elective deferrals (pre-tax and/pr Roth combined) is $24,500 or 100% of the employee's compensation, whichever is less.

A participant of age 50 or older can make additional age-based catch-up deferral contributions, beyond these limits, of up to $8,000 in 2026

Super catch up (ages 60-63) allows for an additional $11,250 (in lieu of the $8,000) if your plan allows and you're age 60-63 by year-end.

SIMPLE retirement plans:

The elective deferral limit for 2026 is $17,000, with a catch-up of up to $4,000 for those age 50+.

The employee's total elective deferrals to all plans combined cannot exceed the annual deferral limit.