Tax Notes Talk 2026 U.S. Tax Legislation Forecast
28 snips
Jan 2, 2026 In this engaging discussion, Jeremy Scott, Chief Operating Officer at Tax Analysts and a savvy tax policy analyst, dives into the whirlwind of U.S. tax developments from 2025 and speculates on 2026. He highlights the expansive OB-3 tax bill, detailing changes in individual rates and the implications for employers regarding tip deductions. Jeremy also sheds light on the evolving role of tariffs in revenue generation, underscores the IRS's staffing challenges, and predicts a politically charged legislative landscape ahead.
AI Snips
Chapters
Transcript
Episode notes
Research Credit Meets CAMT Headwinds
- Some anticipated benefits from research credit changes may be negated by the corporate alternative minimum tax interaction.
- Treasury and IRS guidance will shape how valuable those corporate tweaks actually are.
Trump Accounts Are Mostly Symbolic
- 'Trump accounts' were added but are likely to be minor, publicity‑focused measures rather than major tax‑code changes.
- Expect limited fiscal impact and modest uptake from these accounts.
Green Credits Survive With Strings
- Green energy credits fared better than expected: many were not repealed but left to phase out with eligibility windows.
- Political bargaining led to preservation with stricter enforcement risk via executive guidance.