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What Tax LegislatioElection years usually slow down tax legislation. Not this one. President Trump already passed the One Big Beautiful Bill Act this year via budget reconciliation. Now he's signaling more tax changes could be coming in 2026 before Republicans potentially lose their majority in the midterms. Mark Luscombe, principal federal tax analyst at Wolters Kluwer, laid out what CPAs should watch in a new analysis. Here's the breakdown. The TAS Bill (Bipartisan, Actually Moving) The Taxpayer Assistance and Service bill is working its way through Congress with bipartisan support. Key provisions: Expanded digitization of tax returns Online account expansion for taxpayers Tax preparer penalties get stricter, and PTIN requirements tighten Mailbox rule extended to electronic filings Tax Court jurisdiction expanded to refund cases National Taxpayer Advocate gets more independence from the IRS Parts of this could pass without budget reconciliation, meaning it doesn't need only Republican votes. Saver's Match Kicks In 2027 SECURE 2.0 (passed in 2022) scheduled a new Saver's Match to replace the Saver's Credit starting in 2027. The government will match 50% of contributions up to $2,000, maxing out at $1,000. Trump proposed expanding this to workers without 401(k)s through government-backed retirement accounts modeled on the federal Thrift Savings Plan. He also floated $1,000 payments to farmers to offset tariff impacts. That was before the Supreme Court struck down his tariff authority, so the idea might be dead. More Tax Cuts via Reconciliation Trump said in the State of the Union he wants Congress to pass additional personal and corporate tax cuts beyond TCJA and OBBBA. He wants to use budget reconciliation again, which means passing it before the 2026 midterms in case Republicans lose control. No details yet on what those cuts would look like or how they'd be paid for. Tariffs to Replace the Income Tax? Trump also mentioned (even after the Supreme Court ruling) tha

What Tax LegislatioElection years usually slow down tax legislation. Not this one. President Trump already passed the One Big Beautiful Bill Act this year via budget reconciliation. Now he's signaling more tax changes could be coming in 2026 before Republicans potentially lose their majority in the midterms. Mark Luscombe, principal federal tax analyst at Wolters Kluwer, laid out what CPAs should watch in a new analysis. Here's the breakdown. The TAS Bill (Bipartisan, Actually Moving) The Taxpayer Assistance and Service bill is working its way through Congress with bipartisan support. Key provisions: Expanded digitization of tax returns Online account expansion for taxpayers Tax preparer penalties get stricter, and PTIN requirements tighten Mailbox rule extended to electronic filings Tax Court jurisdiction expanded to refund cases National Taxpayer Advocate gets more independence from the IRS Parts of this could pass without budget reconciliation, meaning it doesn't need only Republican votes. Saver's Match Kicks In 2027 SECURE 2.0 (passed in 2022) scheduled a new Saver's Match to replace the Saver's Credit starting in 2027. The government will match 50% of contributions up to $2,000, maxing out at $1,000. Trump proposed expanding this to workers without 401(k)s through government-backed retirement accounts modeled on the federal Thrift Savings Plan. He also floated $1,000 payments to farmers to offset tariff impacts. That was before the Supreme Court struck down his tariff authority, so the idea might be dead. More Tax Cuts via Reconciliation Trump said in the State of the Union he wants Congress to pass additional personal and corporate tax cuts beyond TCJA and OBBBA. He wants to use budget reconciliation again, which means passing it before the 2026 midterms in case Republicans lose control. No details yet on what those cuts would look like or how they'd be paid for. Tariffs to Replace the Income Tax? Trump also mentioned (even after the Supreme Court ruling) tha

TAS bill, tariff refund claims, and reconciliation push. The 2026 tax legislation roadmap CPAs need to track.

March 26, 2026