Dorinda Kisner, CPA, PLLC

10/30/2026

I will share the full article but note the increase in collections but decrease in all rates....... In FY 2026, the IRS collected a record-setting $5.6 trillion in taxes, an increase of nearly 5 percent from the previous year....... At the same time, the average tax rate paid by taxpayers declined for all income levels for returns filed in 2026.https://content.govdelivery.com/accounts/USIRS/bulletins/430f6f8?reqfrom=share&fbclid=IwdGRzaAVROhhjbGNrBVE6AmV4dG4DYWVtAjExAHBkb2YFc3J0YwZhcHBfaWQMMzUwNjg1NTMxNzI4AAEfHpXj1HHxh2Qq-mlExngma9GCOZ8ty3ey8a0-LRgIkhfthGuUyEyYE5j8kJI_aem_No4T5V7DY28bSKJ9LZE-3Q

IR-2026-129: IR-2026-129: IRS achieved historic performance in 2026 for American taxpayers, efficiently delivering new tax benefits to working families Internal Revenue Service (IRS) sent this bulletin at 10/29/2026 02:36 PM EDT IRS Newswire October 29, 2026 Issue Number: IR-2026-129 Inside This Iss...

10/22/2026

Social Security Disability Insurance (SSDI) & Thresholds

Individuals receiving disability benefits will see a 3.6% increase to their base checks, alongside adjustments to earnings limits:
• Average Monthly Benefit: The average payment for disabled workers rises to $1,701 per month (up from $1,642 in 2026).
• Substantial Gainful Activity (SGA) Limits: The monthly amount a disabled beneficiary can earn from work before benefits are affected increases:
• Non-Blind Individuals: $1,770 per month (up from $1,620)
• Statutorily Blind Individuals: $2,950 per month (up from $2,830)
• Trial Work Period (TWP): The monthly earnings threshold required to trigger a trial work month increases to $1,270

Other Notable 2027 Adjustments

• Taxable Maximum Earnings: The cap on earnings subject to the 6.2% Social Security payroll tax increases to $192,300 (up from $184,500 in 2026).
• Retirement Earnings Test Limits: For those who claim early retirement benefits but continue working:
• Under Full Retirement Age: You can earn up to $25,560/year before $1 is withheld for every $2 over the limit.
• Reaching Full Retirement Age in 2027: The limit increases to $67,920/year ($1 withheld for every $3 over).

07/23/2026

The IRS announced a rare midyear increase in the standard mileage rates for the second half of 2026 due to rising fuel costs. The revised rates apply to travel on or after July 1, 2026.

Purpose Jan. 1–June 30, 2026 July 1–Dec. 31, 2026
Business 72.5¢/mile 76¢/mile
Medical 20.5¢/mile 23.5¢/mile
Charitable 14¢/mile 14¢/mile (unchanged)

The IRS published the change in Announcement 2026-11 and the Internal Revenue Bulletin on July 13, 2026.

03/10/2026

Beginning in 2026, the One Big Beautiful Bill Act (OBBB) changes several tax rules related to business meals and workplace food expenses. Below are some important reminders:

Workplace meals and snacks are no longer deductible.
Starting in 2026, this is the most significant change. Items previously treated as de minimis fringe benefits—such as in-office snacks, beverages, and meals provided for employees working late for the convenience of the employer (when not included in the employee’s taxable income)—are now 0% deductible.

Meals for business meetings remain partially deductible.
Meals directly related to necessary business meetings continue to be 50% deductible.

Meals during business travel remain deductible.
If you are traveling for business and the trip requires an overnight stay, your meals are generally deductible. As with most business meals, the deduction is limited to 50%.

Entertainment expenses remain non-deductible, but company-wide events are allowed.
Entertainment expenses, such as purchasing tickets to take a client to a sporting event, remain non-deductible. However, expenses primarily for the benefit of employees—such as team-building activities or company-wide parties—are still 100% deductible. Additionally, charitable contributions made in exchange for event tickets (such as college athletic events) are not deductible as business entertainment expenses.

01/28/2026

https://www.facebook.com/share/p/1C3eKSefnf/

01/08/2026

Beginning Jan. 1, 2026, the standard mileage rates for the use of a car, van, pickup or panel truck will be:

5 cents per mile driven for business use, up 2.5 cents from 2025.
5 cents per mile driven for medical purposes, down a half cent from 2025.
5 cents per mile driven for moving purposes for certain active-duty members of the Armed Forces (and now certain members of the intelligence community), reduced by a half cent from last year.
14 cents per mile driven in service of charitable organizations, equal to the rate in 2025.
The rates apply to fully-electric and hybrid automobiles, as well as gasoline and diesel-powered vehicles.

While the mileage rate for charitable use is set by statute, the mileage rate for business use is based on an annual study of the fixed and variable costs of operating an automobile. The rate for medical and moving purposes, meanwhile, is based on only the variable costs from the annual study.

01/05/2026

Reminder taxpayers: WV will send out MV1 and Senior Citizens SCTC forms; these forms may give you back tax $ so do NOT throw those away; we will need them!!!!!!!!!!!!!!!!!!! Also because some taxpayers will not be taxed on some of their tips and overtime, if you receive a report from your employer with additional information, be sure to provide that to us as well. The IRS did not have time to update the W2's to include that data!

01/05/2026

Reminder to write down your odometer readings from all business vehicles; the IRS requires you to report not just the miles driven for business but all miles driven by any business-use vehicle!