The IRS has issued guidance urging taxpayers to take several important steps in advance of the 2026 federal tax filing season, which opens on January 26. Individuals are encouraged to create or access...
The IRS has confirmed that supplemental housing payments issued to members of the uniformed services in December 2025 are not subject to federal income tax. These payments, classified as “qualified ...
The IRS announced that its Whistleblower Office has launched a new digital Form 211 to make reporting tax noncompliance faster and easier. Further, the electronic option allows individuals to submit i...
The IRS has reminded taxpayers about the legal protections afforded by the Taxpayer Bill of Rights. Organized into 10 categories, these rights ensure taxpayers can engage with the IRS confidently and...
The Financial Crimes Enforcement Network (FinCEN) has amended the Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) Program and Suspicious Activity Report (SAR) Filing Requirements...
The chart listing the counties and municipalities that will participate in Alabama’s back-to-school sales tax holiday has been updated. The holiday is being held from July 17 through July 19, 2026.L...
Alaska has enacted legislation creating new energy incentives by extending tax-exempt statutes to independent power producers. An electricity generation facility or electricity storage facility that i...
Arizona Governor Katie Hobbs announced the introduction of the Middle Class Tax Cuts Package that includes raising the standard deduction utilized by 88% of filers, eliminating taxes on overtime pay a...
Arkansas Governor Sarah Huckabee Sanders has announced that the state will participate in the federal tax credit scholarship program for school choice enacted by the One Big Beautiful Bill Act (OBBBA)...
The consumer designation for qualified all volunteer fire departments has been extended through December 31, 2030. Generally, such departments are not required to have a seller’s permit, or file sal...
The Colorado Department of Revenue announced changes to sales and use tax rates for various jurisdictions, effective January 1, 2026.State Tax ChangesThe state sales and use tax rate remains at 2.9% w...
Updated guidance is issued, effective for calendar year 2026, regarding Connecticut personal income tax withholding requirements for individuals. The Connecticut Department of Revenue Services advises...
Delaware issued guidance on corporate and personal income tax changes decoupling from parts of the federal One Big Beautiful Bill Act (OBBBA). For businesses taxed as corporations, the state decoupled...
The District of Columbia has passed temporary legislation to decouple income and franchise tax provisions from federal provisions. The temporary act is the same as emergency legislation passed earlier...
For purposes of calculating the 2026 intangible personal property tax on governmental leaseholds, Florida has issued a valuation factor table. In Florida, all governmental leasehold estates or related...
Georgia announced the inflation index rate for the 2026 property tax digest year, establishing the rate at 2.7%. This rate is used for the floating homestead exemption and reflects the annual change i...
The 2025 tax tables that must be used to determine Hawaii individual income tax for persons with taxable income of less than $100,000 have been released. 2025 Tax Tables, Hawaii Department of Taxatio...
daho residents are reminded about previously enacted legislation that provides a sales and use tax exemption for certain small sellers with annual sales of $5,000 or less. The exemption is effective J...
Illinois updated guidance on income that is exempt from taxation under the U.S. Constitution, federal statutes or treaties, the state Constitution, and state statutes. The publication discusses exempt...
Effective March 1, 2026, the City of Richmond imposes a 1% food and beverage tax. Food and Beverage Tax, Indiana Department of Revenue, January 2026...
In her 2026 Condition of the State Address, Iowa Gov. Kim Reynolds stated that she will submit a property tax plan to lawmakers asking them to:cap overall revenue growth for local governments;move pro...
Kansas revised a personal property tax appraisal guide for 2026. The guide provides county appraisers and taxpayers with an overview of laws, directives, and procedures on the taxation of personal pro...
Kentucky issued guidance discussing the impact of the end to penny minting by the U.S. Treasury on retail transactions and sales tax calculations. Due to penny shortages, retailers may need to round c...
The Louisiana Department of Revenue informs taxpayers that with the repeal of the corporate franchise tax, the underpayment of estimated corporation income tax penalty will now be imposed. In the past...
The Maine Revenue Services has issued an instructional bulletin for vehicle dealers, providing them instructions related to sales and leases of motor vehicles, snowmobiles, all-terrain vehicles (ATVs)...
The Maryland Comptroller has issued guidance regarding the additional 2% capital gains tax on individuals with federal adjusted gross income in excess of $350,000 regardless of filing status, beginnin...
Massachusetts announced changes to the Registered Apprenticeship Tax Credit, lowering the annual fee for sponsors of Registered Apprenticeship programs from $300 to $250. The refundable tax credit, ca...
The Michigan Department of Treasury has provided guidance on the new state level income tax deductions enacted by Public Act 24. For tax years 2026 through 2028, taxpayers may deduct qualified tips (d...
Minnesota has updated its guidance on the income tax credits, deductions, and programs available to individuals with disabilities. The guidance discusses the subtraction for taxpayers that are 65 or o...
Effective January 1, 2026, the fair market value of cannabis flower and trim is as follows for purposes of the Mississippi cannabis excise tax: (1) cannabis flower sold to common interest establishmen...
The Missouri Department of Revenue amended the following rules as indicated:12 CSR 10-2.140, Partnership Filing Requirements – simplifies the language to no longer incorporate by reference any mater...
Montana Gov. Greg Gianforte reminded Montana homeowners that they can now apply for the 2026 Homestead Reduced Rate. Beginning December 1, 2025, Montana homeowners became eligible to apply for the Hom...
In his State of the State address, Nebraska Governor Jim Pillen proposed a new tax incentive for businesses that expand employment in Nebraska. The Grow the Good Life incentive would provide tax credi...
Nevada's Department of Taxation has revised the criteria for nonprofit organizations to qualify for sales and use tax exemptions, requiring compliance with enhanced standards. In determining whether a...
New Hampshire has outlined steps that taxpayers must take to apply for the tax amnesty authorized by the New Hampshire Legislature during the 2025 session.Amnesty runs from December 1, 2025, through F...
The New Jersey Tax Court affirmed the Division of Taxation’s decision to reclassify a taxpayer’s real estate commission income as wages. The reclassification was based on the taxpayer’s status a...
The New Mexico Attorney General issued a new opinion addressing property tax exemptions claimed under the hospital equipment loan act (HELA). The attorney general determined that the HELA council does...
In her 2026 State of the State Address, New York Gov. Kathy Hochul has announced a proposal to establish a sales tax exemption for electricity sold at electric vehicle (EV) charging stations. News Re...
Guidance is issued regarding recently enacted legislation, effective July 1, 2025, that changed the North Carolina excise tax rate methodology for snuff, imposed a new excise tax on alternative nicoti...
North Dakota announced that there are no local sales tax rate changes for April 1, 2026. City and County Local Tax Rate Changes, North Dakota Office of State Tax Commissioner, January 2026...
The Supreme Court of Ohio found that a commercial activity tax (CAT) taxpayer failed to provide documentary evidence establishing the amount of gross receipts attributable to merchandise transported o...
The Oklahoma Tax Commission has announced that it will open state income tax filing on January 26, 2026. The deadline for submitting returns is April 15, 2026. News Release, Oklahoma Tax Commission, ...
The transportation funding package revenue changes enacted at the end of 2025 are frozen following a referral to the November ballot with the recent certification by the Secretary of State of signatur...
Pennsylvania issued guidance regarding changes to corporate net income tax (CNIT) provisions under Act 45 of 2025. The act decouples state CNIT from certain federal provisions approved in the federal ...
The tier 2 threshold amount for Rhode Island real estate conveyance tax has been adjusted for inflation. For 2026, the tier 2 threshold amount is $824,000.In Rhode Island, the real estate conveyance t...
South Carolina updated its guidance on income and property tax credits for rehabilitating abandoned building sites. Among other changes, the updated guidance reflects various legislative amendments, s...
Governor Larry Rhoden proposed a tax reform measure in his State of the State Address that would allow counties to replace their portion of property taxes with a half-cent increase in the local sales ...
Tennessee issued an updated version of a previously released sales and use tax notice concerning the lease or rental of tangible personal property. The updated notice states that the Tennessee Works T...
Texas has updated its franchise tax guidance to specify the 2026 and 2027 inflation-adjusted amounts for the no tax due threshold and compensation deduction limit. The no tax due threshold for these y...
Utah Gov. Spencer J. Cox released his Fiscal Year 2027 budget proposal that includes:expanding the state child tax credit to provide an additional average benefit of $200 to families with children age...
Vermont has released its 2026 income tax withholding instructions, tables, and charts. Among other topics, the instructions discuss how Vermont income tax withholding is calculated, adjustments for se...
The Virginia interest rates for the first quarter of 2026 remain at 9% for tax underpayments (assessments) and 9% for tax overpayments (refunds).Taxpayers whose taxable year ends on September 30, 2025...
In his State of the State address, Washington Governor Bob Ferguson advocated for a millionaires' tax which would be imposed on individuals making more than $1 million in income in a single year. The ...
West Virginia extended the deadline for fourth quarter payments of the acute care health care provider tax from January 15, 2026 to February 15, 2026. Penalties and interest will not apply to unpaid a...
The Wisconsin Department of Revenue appeals a circuit court order reversing a decision of the Wisconsin Tax Appeals Commission (TAC). The TAC found that StubHub, Inc. was subject to the sales tax for ...
In its quarterly newsletter, the Wyoming Department of Revenue noted that it has changed its position regarding the taxability of tangible personal property delivered to federal facilities. It will no...
Welcome to Figueroa's Income Tax Service
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The 2026 tax season will begin late January, and we are here to make the process simple, accurate, and stressfree for you. With over 36 years serving our community, our goal is to provide honest, reliable, and professional tax preparation service you can trust.
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To check the status of your refund, visit the official IRS website and click on "Where's My Refund?" You will need your social security number, filing status, and the exact refund amount, which can be found in the Your Copy folder we provided.
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