Five Expiring Tax Breaks That Trump’s New Bill Would Extend — If Not Increase

House Republicans recently introduced a draft bill on May 12, nicknamed “The One, Big, Beautiful Bill,” aimed at renewing and enhancing several provisions from the 2017 Tax Cuts and Jobs Act. Here are five key tax breaks that could stick around — and get a boost — under the new legislation:

IRS Issues New Warning For Taxpayers To Avoid Losing Money, Personal Data

In a just-released statement, the IRS emphasized that scammers operate not only during tax season but year-round. These bad actors often impersonate the IRS and use fear tactics or misinformation to pressure people into revealing personal, financial, or employment details.

IRS Announces 2026 Health Savings Accounts Contribution Limits — What Investors Should Know

The IRS just unveiled 2026 contribution limits for HSAs, which offer triple-tax benefits for medical expenses.

IRS Payroll Tax Violations Can Lead To Severe Penalties—Including Prison Time

Delinquent payroll taxes, even if only late, are a serious matter. Many businesses use payroll services to prevent the misuse of these funds, but this isn’t a foolproof solution. In some cases, payroll providers themselves have misappropriated funds.

Trump Administration To Scrap IRS Direct File Program, Sources Say

There was initial speculation that Musk’s tech team, nicknamed the “DOGE” group, might take over and improve Direct File. However, two sources say IRS staff working on the program were instructed in mid-March to stop development for the 2026 tax season—effectively signaling its end.

IRS Extends April 15 Tax Deadline For Florida Residents

The IRS has granted individuals and businesses in federally declared disaster areas extra time to file, and that includes all of Florida. Residents now have until Thursday, May 1 to submit their tax returns.