Upcoming Tax Deadlines
• Deadline to file partnership and S-corporation tax returns.
• Deadline to file individual, trust, gift and calendar-year C-corporation returns.
• Deadline for making 2025 IRA contributions.
• First installment of 2026 individual estimated tax is due.
• Deadline for calendar-year non-profit organizations to file annual reporting returns.
What the IRS is Up To
The USPS now applies postmarks at processing facilities rather than at local post offices. The mail may be received by the processing center on a different day than it was dropped off, which could affect paper tax returns, extensions, or payments. Because the IRS uses postmark dates to determine timeliness, this could trigger penalties, interest, or rejected filings. Electronic filing remains the safest option whenever possible.
‘Trump Accounts’ are a new tax-advantaged savings program for children under the OBBBA. Contributions are not expected to start until July 2026, but taxpayers can elect to enroll using IRS Form 4547 when filing 2025 tax return. Families should monitor IRS guidance and consult their CPA or financial advisor to see if a Trump Account is right for their situation.
Beginning Jan. 1, 2026, the standard mileage rates for the use of a car, van, pickup or panel truck (gas, diesel, electric, or hybrid) will be:
| 2026 Rate per Mile | 2025 Rate per Mile | |
|---|---|---|
| Business Travel | 72.5 cents | 70 cents |
| Medical/Moving | 20.5 cents | 21 cents |
| Charitable Work | 14 cents | 14 cents |
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