Federal Tax | State & Local Tax | International Tax
Human Capital & Workforce, Individual and Indirect Tax This year in review lists all EY Tax Alerts concerning significant domestic U.S. federal tax developments during 2025. |
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| Key U.S. federal tax developments, 2025 |
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| 12.12.2025 | EY resources are now available to assist you with your payroll year-end activities (2025-2493) |
| 12.12.2025 | Taxpayers should consider tariffs in their year-end inventory tax analysis (2025-2486) |
| 12.09.2025 | Final regulations on stock repurchase excise tax withdraw funding rule, ease other requirements (2025-2460) |
| 12.05.2025 | IRS releases first set of guidance on Trump accounts (2025-2438) |
| 12.04.2025 | Senate Health, Education, Labor and Pensions Committee hearing on making health care affordable again (2025-2422) |
| 12.03.2025 | Ways and Means Subpanel holds global tax hearing (2025-2414) |
| 12.02.2025 | IRS releases guidance for employees on deducting qualified tips and qualified overtime compensation for 2025 without employer information (2025-2395) |
| 12.01.2025 | Ernst & Young's 2025 payroll year-end checklist is now available (2025-2393) |
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| 11.24.2025 | Latest rules for digital asset taxation reporting and compliance require new processes for 2025 (2025-2354) |
| 11.21.2025 | IRS creates safe harbor allowing certain exchange-traded trusts to stake digital assets (2025-2345) |
| 11.19.2025 | New report compares forgone federal tax revenues from tax-exempt nonprofit hospitals with the community benefit provided for 2022 tax year (2025-2328) |
| 11.13.2025 | IRS releases qualified retirement plan limitations for 2026; 401(k) pretax limit increases to $24,500 (2025-2287) |
| 11.12.2025 | A FUTA credit reduction to apply in two jurisdictions in 2025 (2025-2281) |
| 11.07.2025 | IRS provides transitional penalty relief for reporting 2025 qualified tips and overtime (2025-2250) |
| 11.07.2025 | White House issues Executive Order formalizing trade truce with China (2025-2247) |
| 11.06.2025 | Supreme Court hears challenges to IEEPA tariffs (2025-2241) |
| 11.05.2025 | Treasury and IRS propose removing domestic corporation look-through rule for domestically controlled QIEs (2025-2230) |
| 11.05.2025 | New FAQs on employee retention credits seek to clarify disallowances under OBBBA (2025-2229) |
| 11.03.2025 | New amount for PCORI fee calculation increases to $3.84 per covered life (2025-2212) |
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| 10.27.2025 | EY Tax professionals must secure 2026 PTINs by December 31, 2025, and update their PTIN status by January 31, 2026 (2025-2177) |
| 10.27.2025 | IRS releases guidance on how to comply with new car loan interest reporting requirements (2025-2171) |
| 10.27.2025 | Social Security wage base to increase in 2026 (2025-2158) |
| 10.23.2025 | IRS issues additional interim guidance that adds flexibility on relying on the corporate alternative minimum tax guidance (2025-2143) |
| 10.23.2025 | IRS announces how government shutdown will affect tax compliance (2025-2142) |
| 10.15.2025 | Organization formed to facilitate NIL deals for college athletes denied tax-exempt status (2025-2084) |
| 10.14.2025 | IRS updates list of substances subject to Superfund excise tax, time for refund claims for some exports expiring soon (2025-2080) |
| 10.14.2025 | 2026 inflation adjustments for fringe benefits and other payroll-related provisions updated by IRS guidance and OBBBA (2025-2076) |
| 10.09.2025 | Updated form now available for EY Tax professionals supporting audit teams on income tax provisions (2025-2049) |
| 10.08.2025 | IRS finalizes regulations modifying the interest capitalization requirements for affected improvements (2025-2039) |
| 10.07.2025 | IRS and Treasury withdraw proposed regulations on spin-offs and other corporate transactions, update procedures for requesting spinoff rulings (2025-2030) |
| 10.06.2025 | IRS clarifies rural areas and substantial improvement for purposes of current Opportunity Zones (2025-2020) |
| 10.03.2025 | IRS publishes final regulations implementing changes to retirement plan catch-up contributions (2025-2010) |
| 10.03.2025 | IRS issues inflation adjustments for certain 2025 IRC Section 45Y tax credits (2025-2006) |
| 10.03.2025 | IRS and Treasury 2025-2026 Priority Guidance Plan includes various projects applicable to tax-exempt organizations (2025-2004) |
| 10.01.2025 | Senate Finance Committee holds crypto tax hearing (2025-1988) |
| 10.01.2025 | Average income test for low-income housing credits finalized (2025-1985) |
| 10.01.2025 | Taxpayers should prepare now to report 2024 digital asset taxes by October 15, 2025 (2025-1982) |
| 10.01.2025 | Draft version of revised Form W-9 includes new options for digital asset brokers and sole proprietors (2025-1980) |
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| 09.30.2025 | New report analyzes 2022 community benefit provided by tax-exempt hospitals (2025-1968) |
| 09.30.2025 | IRS releases per diem rates under the high-low substantiation method effective October 1, 2025 (2025-1962) |
| 09.29.2025 | IRS rules that REIT may make liquidating consent dividend (2025-1953) |
| 09.26.2025 | State law developments could impact tax-exempt organizations (2025-1946) |
| 09.26.2025 | Commerce Department launches two sew Section 232 investigations into PPE and medical consumables, equipment and devices; and robotics and industrial machinery (2025-1941) |
| 09.25.2025 | United States | IRS GLAM concludes that branch profits tax relief is available under treaty for business profits earned by reverse foreign hybrid (2025-1935) |
| 09.23.2025 | IRS issues guidance on OBBBA elections and method changes for research or experimental expenditures (2025-1914) |
| 09.22.2025 | Proposed regulations would clarify tips qualifying for deduction, confirm list of qualifying occupations (2025-1907) |
| 09.18.2025 | Tax Court rules shareholders may not include wages from S corporations subject to IRC Section 280E in qualified business income (2025-1887) |
| 09.16.2025 | USTR launches USMCA review public process (2025-1870) |
| 09.15.2025 | IRS rules that community trust and affiliated nonprofit corporation will be treated as single entity for Form 990 filing and certain federal tax purposes (2025-1864) |
| 09.04.2025 | Treasury releases preliminary list of occupations that will qualify for the tip deduction (2025-1792) |
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| 08.26.2025 | Treasury and IRS announce intent to withdraw and repropose CAMT regulations on partnership investments (2025-1753) |
| 08.25.2025 | IRS releases draft 2026 Forms W-2 and W-4 with provisions for reporting tips and overtime (2025-1745) |
| 08.21.2025 | Proposed regulations would make permanent safe harbor for furnishing information on IRC Section 751 property (2025-1733) |
| 08.19.2025 | IRS announces program dates for Compliance Assurance Process for 2026 cycle (2025-1711) |
| 08.19.2025 | IRS generally eliminates 5% safe harbor for determining beginning of construction for wind and solar projects (2025-1709) |
| 08.14.2025 | Appeals court finds Mayo clinic qualifies as an educational institution and is not subject to unrelated business income tax (2025-1686) |
| 08.11.2025 | IRS proposes using NAICS to determine lines of business for certain fringe benefit exclusions (2025-1677) |
| 08.11.2025 | White House recommendations could significantly affect reporting of digital asset transactions (2025-1674) |
| 08.01.2025 | IRS TE/GE releases new technical guide on disqualifying and non-exempt activities, inurement and private benefit under IRC Section 501(c) (2025-1643) |
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| 07.31.2025 | US imposes additional tariffs on Brazilian-origin goods (2025-1632) |
| 07.31.2025 | IRS provides transition relief for requirement to report interest paid on certain auto loans (2025-1628) |
| 07.30.2025 | Senate HELP Committee approves health, ESOP bills (2025-1623) |
| 07.30.2025 | IRS announces changes to examination processes for large corporations (2025-1620) |
| 07.29.2025 | International tax changes in final reconciliation legislation may affect privately held businesses and their stakeholders (2025-1613) |
| 07.28.2025 | New law finalizes definition of foreign entities of concern, additional guidance must be issued within 45 days (2025-1608) |
| 07.28.2025 | IRS rules for first time that REIT's income from markup on electricity from EV charging stations is rents from real property (2025-1602) |
| 07.24.2025 | EY article addresses accounting considerations for key income tax changes in 'One Big Beautiful Bill Act' (2025-1573) |
| 07.24.2025 | IRS says IRC Section 501(c)(3) does not prevent churches from communicating on electoral politics to their congregations in connection with religious services (2025-1569) |
| 07.23.2025 | IRS significantly increases penalties for failing to offer affordable health care with minimum coverage for 2026 (2025-1568) |
| 07.21.2025 | Final budget reconciliation law makes several changes affecting pass-through entities (2025-1548) |
| 07.21.2025 | US Tax Court finds AbbVie properly deducted merger termination fee as an ordinary loss (2025-1543) |
| 07.21.2025 | ACA affordability percentage increases again for 2026 employer health plans (2025-1542) |
| 07.18.2025 | Provisions benefiting the metals and mining industry included in final FY 2025 reconciliation legislation (2025-1531) |
| 07.18.2025 | House passes Senate's stablecoins regulation bill, 308-122, clearing measure for President's signature (2025-1525) |
| 07.18.2025 | House passes crypto market structure framework after resolving standoff on the floor, 294-134 (2025-1524) |
| 07.17.2025 | United States | Changes to GILTI, FDII and BEAT, among others, included in final reconciliation legislation, but not previously proposed remedy for "unfair foreign taxes" (2025-1510) |
| 07.17.2025 | Several changes in final FY 2025 reconciliation legislation could benefit oil and gas industry (2025-1508) |
| 07.17.2025 | District court allows summons for performance evaluations of technical employees in Eaton case (2025-1507) |
| 07.16.2025 | Ways & Means subpanel holds cryptocurrency hearing (2025-1503) |
| 07.15.2025 | Final federal reconciliation legislation has state income tax implications (2025-1487) |
| 07.15.2025 | Summary of select health care and related provisions in House-passed Reconciliation Bill (HR 1) and Senate Amendment signed into law (2025-1486) |
| 07.15.2025 | Several changes to compensation and benefits provisions included in final budget reconciliation legislation for FY 2025 (2025-1476) |
| 07.14.2025 | IRS releases Health Savings Account limits for 2026 (2025-1435) |
| 07.14.2025 | Final reconciliation legislation modifies some IRA energy credits, repeals others (2025-1434) |
| 07.11.2025 | Tax reconciliation legislation significantly affects cost recovery and accounting method provisions (2025-1432) |
| 07.11.2025 | Final tax reconciliation bill makes New Markets Tax Credit permanent (2025-1428) |
| 07.11.2025 | New requirement to report interest paid on certain auto loans raises various considerations for lenders (2025-1424) |
| 07.11.2025 | Final reconciliation legislation modifies provisions affecting tax-exempt entities (2025-1423) |
| 07.10.2025 | Final tax reconciliation legislation modifies low-income housing credit (2025-1421) |
| 07.10.2025 | New tax law reinvents TCJA's Opportunity Zones as new, permanent program, beginning in 2027 (2025-1418) |
| 07.09.2025 | Final tax reconciliation bill expands small business stock exclusion under IRC Section 1202 (2025-1407) |
| 07.08.2025 | Tax reconciliation legislation will significantly affect individual taxpayers (2025-1394) |
| 07.07.2025 | Side-by-side comparison of tax provisions in different versions of reconciliation bill (2025-1391) |
| 07.03.2025 | BREAKING TAX NEWS | House clears massive tax and spending cut bill for President's signature, 218-214; July 4 signing ceremony expected (2025-1385) |
| 07.01.2025 | BREAKING TAX NEWS | Senate vote sends OBBBA tax and spending cut bill back to House (2025-1384) |
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| 06.27.2025 | IRC Section 274(o) employee meal expense deduction disallowance goes into effect beginning in 2026 (2025-1370) |
| 06.26.2025 | Secretary Bessent asks Congress to cut Section 899 from OBBBA (2025-1365) |
| 06.25.2025 | IRS releases updated guidance on energy communities for bonus IRC Section 45 and 48 credits (2025-1355) |
| 06.25.2025 | Senate Finance Committee's bill could significantly affect high-income taxpayers (2025-1350) |
| 06.24.2025 | Tax reconciliation bill released by the Senate Finance Committee would significantly affect cost recovery and accounting method provisions (2025-1336) |
| 06.24.2025 | Social Security Administration publishes wage base projections for 2026 through 2034 (2025-1334) |
| 06.23.2025 | House and Senate proposals would define foreign entities of concern and impose limitations on renewable energy tax credits (2025-1332) |
| 06.23.2025 | Senate Finance Committee modifies energy credit phaseouts in reconciliation bill (2025-1331) |
| 06.23.2025 | US Supreme Court holds that Wisconsin's denial of tax exemption for Catholic charity violates First Amendment by imposing denominational preferences (2025-1329) |
| 06.20.2025 | Senate Finance Committee's proposals on Opportunity Zones differ from House proposals (2025-1317) |
| 06.20.2025 | Pre-Filing Agreement program for large business and international taxpayers gets upgrades (2025-1310) |
| 06.18.2025 | Senate Finance changes to tax reconciliation bill would expand small business stock exclusion under IRC Section 1202 (2025-1290) |
| 06.18.2025 | Senate Finance Committee proposal would make New Markets Tax Credit permanent (2025-1289) |
| 06.17.2025 | Summary of select Senate reconciliation bill tax provisions (2025-1275) |
| 06.17.2025 | Senate Finance Committee reconciliation text released; preliminary summary available (2025-1274) |
| 06.16.2025 | IRS updates revenue procedure on automatic accounting method changes (2025-1273) |
| 06.16.2025 | IRS rules that deposit and legal fee settlement will be excluded from gross income for purposes of REIT income tests (2025-1263) |
| 06.12.2025 | US Treasury Department and IRS issue new CAMT interim guidance (2025-1244) |
| 06.12.2025 | Vague community-benefit standard hampers IRS oversight of tax-exempt hospitals, TIGTA report finds (2025-1240) |
| 06.11.2025 | Ways and Means holds hearing with Sec. Bessent (2025-1238) |
| 06.11.2025 | IRS revokes tax-exempt status of government hospital organization that failed to meet the community-health-needs-assessment requirements of IRC Section 501(r) (2025-1237) |
| 06.06.2025 | IRS rules that exchanging taxpayer's use of relinquished proceeds to build improvements qualifies as IRC Section 1031 like-kind exchange (2025-1213) |
| 06.05.2025 | Tax reconciliation bill passed by the House would expand and make permanent the qualified business income deduction (IRC Section 199A) (2025-1205) |
| 06.05.2025 | Tax Court rules for first time that income method is valid but reduces IRS's valuation (2025-1196) |
| 06.04.2025 | US increases import tariffs of aluminum and steel (2025-1192) |
| 06.03.2025 | House-passed HR 1 contains new information reporting and withholding provisions (2025-1187) |
| 06.03.2025 | USTR extends certain exclusions from China Section 301 tariffs (2025-1186) |
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| 05.29.2025 | Inflation adjustments for renewable energy production tax credits issued for 2025 (2025-1160) |
| 05.29.2025 | House-passed tax bill could have state income tax implications (2025-1159) |
| 05.29.2025 | Federal Court blocks Trump Administration IEEPA tariffs (2025-1155) |
| 05.28.2025 | US House approves tax reconciliation bill, with minor rate changes in international tax provisions (2025-1143) |
| 05.22.2025 | House reconciliation bill would modify provisions affecting tax-exempt entities (2025-1126) |
| 05.22.2025 | House-passed tax bill contains provisions affecting compensation and benefits, including eliminating taxes on tips and overtime (2025-1120) |
| 05.22.2025 | House approves Republican budget reconciliation bill (2025-1111) |
| 05.21.2025 | House reconciliation manager's amendment makes tax changes (2025-1113) |
| 05.21.2025 | Tax reconciliation bill passed by Ways and Means would significantly affect cost recovery and accounting method provisions (2025-1110) |
| 05.16.2025 | US House Ways and Means Committee approves tax reconciliation bill, including several international tax provisions (2025-1075) |
| 05.16.2025 | House Ways and Means Committee's tax reconciliation bill proposes modifications to low-income housing credit (2025-1074) |
| 05.15.2025 | Proposed tax bill would phase out or repeal many energy credits in Inflation Reduction Act (2025-1069) |
| 05.15.2025 | Tax reconciliation bill passed by House Ways & Means Committee would affect tax incentives and rules for Opportunity Zones (2025-1068) |
| 05.14.2025 | Ways and Means approves tax reconciliation bill (2025-1053) |
| 05.13.2025 | IRS rules that renewable energy facilities are not public utility property (2025-1050) |
| 05.12.2025 | Ways and Means tax amendment precedes markup (2025-1049) |
| 05.12.2025 | President Trump signs executive order on "Most Favored Nations" drug pricing (2025-1040) |
| 05.10.2025 | Ways and Means Sets Reconciliation Markup with Preliminary Bill (2025-9004) |
| 05.02.2025 | House Financial Services approves $1 billion in budget reconciliation savings targeting PCAOB, Consumer Bureau (2025-0976) |
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| 04.28.2025 | IRS and Treasury Department announce intent to withdraw regulations that identified partnership related party basis-shifting transactions as transactions of interest and waive corresponding disclosure penalties (2025-0957) |
| 04.17.2025 | President Trump signs executive order on lowering drug prices (2025-0915) |
| 04.14.2025 | CMS issues CY 2026 Medicare Advantage and Part D rate announcement, Part D redesign program instructions (2025-0891) |
| 04.14.2025 | Donation to community foundation may be treated as an unusual grant and won't affect organization's status as a publicly supported organization (2025-0889) |
| 04.09.2025 | IRS releases new FAQs on employee retention credits (2025-0847) |
| 04.07.2025 | IRS revokes tax-exempt status of organization for failure to meet the operational test under IRC Section 501(c)(3) (2025-0838) |
| 04.07.2025 | Senate passes FY2025 budget resolution (2025-0835) |
| 04.03.2025 | President Trump announces reciprocal tariffs (2025-0807) |
| 04.02.2025 | Senate GOP releases FY2025 budget for tax reconciliation bill (2025-0805) |
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| 03.26.2025 | EY-annotated Form 990-series returns highlight changes to 2024 forms, schedules and instructions (2025-0760) |
| 03.24.2025 | New decision tree available to assist EY Tax professionals in reviewing engagements for reportable transactions involving partnership basis adjustments (2025-0750) |
| 03.13.2025 | Final regulations designating IRC Section 831(b) micro-captive arrangements as listed transactions and transactions of interest necessitate review of EY engagements to determine if disclosures are required (2025-0678) |
| 03.13.2025 | House Ways and Means Health Subcommittee hearing on access to quality post-acute care (2025-0657) |
| 03.05.2025 | United States imposes additional tariffs on Canada and Mexico, raises additional tariffs on China (2025-0609) |
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| 02.26.2025 | House narrowly passes GOP budget resolution, 217-215, unlocking reconciliation process (2025-0559) |
| 02.24.2025 | Annual update to exempt organization revenue procedure limits Form 1023-EZ filing eligibility, clarifies application of IRC Section 4958 excise taxes to former IRC 501(c)(3) entities and increases private letter ruling fee (2025-0548) |
| 02.14.2025 | United States initiates review to determine reciprocal tariffs on all trading partners (2025-0483) |
| 02.13.2025 | President Trump announces review on reciprocal tariffs (2025-0468) |
| 02.13.2025 | House Ways and Means Health Subcommittee hearing on modernizing American health care (2025-0466) |
| 02.13.2025 | Newly designated transactions of interest involving certain partnership related-party basis adjustments require action by EPs (2025-0464) |
| 02.12.2025 | House Budget Committee to consider FY2025 resolution (2025-0463) |
| 02.10.2025 | Senate Banking Committee examines ‘debanking’ of crypto firms and other customers deemed high-risk (2025-0448) |
| 02.06.2025 | Proposed regulations on nonrecognition treatment in spin-offs and other corporate transactions, and multi-year filing requirement for spin-offs, would increase documentation and reporting complexity (2025-0408) |
| 02.03.2025 | State unemployment insurance wage bases and tax rates for 2025 (preliminary as of January 25, 2025) (2025-0392) |
| 02.03.2025 | United States issues Executive Orders imposing additional tariffs on Canada, Mexico and China (2025-0391) |
| 02.03.2025 | Senate HELP Committee hearing on Robert F. Kennedy nomination for HHS Secretary (2025-0386) |
| 02.02.2025 | President signs orders for tariffs on Canada, Mexico (2025-9003) |
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| 01.31.2025 | Executive order and SEC's repeal of SAB 121 mark new era for crypto regulation (2025-0380) |
| 01.31.2025 | IRS releases federal mileage rates and luxury vehicle limit for 2025 (2025-0365) |
| 01.30.2025 | Senate Committee on Finance hearing on Robert F. Kennedy nomination for HHS Secretary (2025-0361) |
| 01.30.2025 | Final regulations classify certain partnership related-party basis adjustment transactions as transactions of interest that require IRS information reporting (2025-0360) |
| 01.30.2025 | Final regulations on micro-captive transactions identify listed transactions and transactions of interest (2025-0359) |
| 01.29.2025 | IRS issues proposed regulations on applying IRC Section 5000D excise tax (2025-0348) |
| 01.29.2025 | Trump Administration freezes federal grants and other federal financial assistance (2025-0347) |
| 01.28.2025 | IRS issues final regulations on IRC Sections 45Y and 48E technology-neutral clean energy credits (2025-0343) |
| 01.27.2025 | Michigan law creates research and development tax credit (2025-0339) |
| 01.24.2025 | President Trump's week one executive actions impacting health care (2025-0317) |
| 01.24.2025 | IRS publishes technical corrections to the proposed corporate alternative minimum tax regulations (2025-0306) |
| 01.24.2025 | CAMT technical corrections address AFSI adjustments for tax-exempt entities using the applicable corporation safe harbor (2025-0305) |
| 01.23.2025 | IRS exempts under IRC Section 115(1) income of corporation formed by county and city to oversee climate-related infrastructure projects (2025-0309) |
| 01.22.2025 | IRS releases guidance on tax treatment of state-paid family and medical leave contributions and benefits (2025-0297) |
| 01.17.2025 | IRS pilot program expands taxpayer access to Fast Track Settlement and mediation programs (2025-0272) |
| 01.17.2025 | Treasury finalizes regulations on review of federal tax controversies by IRS Appeals office (2025-0269) |
| 01.16.2025 | Treasury nominee Bessent appears before Senate Finance Committee (2025-0259) |
| 01.16.2025 | IRS concludes operator of carbon offset project must include state carbon offset credits in gross income upon grant (2025-0256) |
| 01.16.2025 | IRS and California provide tax disaster relief for victims of California wildfires (2025-0248) |
| 01.13.2025 | IRS finalizes Form 1099-DA and instructions with further details, adds digital asset reporting to draft 2025 General Instructions for Certain Information Returns (2025-0213) |
| 01.10.2025 | January 30, 2025 | Deadline for REIT shareholder demand letters (2025-0200) |
| 01.10.2025 | January 30, 2025 | Deadline for REIT shareholder demand letters (2025-0199) |
| 01.09.2025 | Newly released draft instructions reveal how IRS expects taxpayers to complete Form 6765 (2025-0191) |
| 01.08.2025 | IRS finalizes regulations on timing and authority required for supervisory approval of penalties (2025-0166) |
| 01.03.2025 | Final regulations update consolidated return guidance and reinstate proposed regulations on adjustments to income (2025-0121) |
